According to an article published today by the Media General News Service, the President's $825 billion stimulus includes spending on three key areas that would help the construction industry: infrastructure, energy, and education.
From the Media General article:
"Infrastructure-- Creates an estimated 1.5 million jobs, about half the jobs the plan proposes. -- Rebuilds roads, bridges and public buildings as well as cleans up the environment.-- States have told Congress they have 5,100 projects – costing $64 billion – that could be under contract within 180 days. States must designate half the highway and transit money for projects within six months or the Department of Transportation can reclaim the funds.-- Sets aside $10 billion to build mass transit and rail -- Upgrades federal buildings and makes them energy efficient, saving taxpayers $2 billion a year.-- Modernizes water systems and strengthens environmental cleanup.
Energy-- Creates more than 500,000 energy-related jobs.-- Includes $500 million to train workers for green-collar jobs.-- Provides $11 billion to improve electricity systems’ efficiency and reliability through a “Smart Grid Investment Program.” -- Creates temporary loan guarantees for up to $80 billion for renewable energy power generation and electric transmission projects.-- Encourages states to update energy-efficient building codes and regulatory policies and provides new modernization repair programs for schools and colleges.-- Provides consumer rebates to buy energy-efficient appliances.-- Expands tax credits through 2010 for purchases such as new furnaces, energy-efficient windows, doors and insulation. -- Expands aid per household for more than 1 million modest-income families who improve energy efficiency in their homes through weatherization.
Education -- Saves or creates an estimated 250,000 jobs in education and health care. -- Provides $20 billion to modernize schools and colleges nationwide. -- Increases tax credits, grants, work-study programs and loans for students. -- Provides Head Start $2.1 billion in additional funding. -- Includes $2 billion in grants for childcare for low-income working families. -- Establishes a fund to prevent education cuts and layoffs in states. "
Other stimulus resources:
Stimulus Uncertainty: How Fast Will The Impact Be?, USA Today
House Set To Vote, Bloomberg
Obama and Congree Meet Video, AP
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