The American Recovery and Reinvestment Act (ARRA), more commonly known as the stimulus bill, is a $787 billion federal commitment of spending and tax relief with the primary goals of energizing the economy and creating jobs. Approximately $4.3 billion is coming to Indiana, primarily to state government, with some allocations directly to local communities and organizations.
Categories with the largest projected amounts of formula-based funding (a formula distribution means that allocations will be made to certain recipients through existing formulas in use by the federal government) for Indiana include:
- Medicaid: $1.4 billion
- Education: $1.3 billion
- Roads and bridges: $650 million
- Nutrition: $400 million
- Weatherization: $100 million
- Water quality: $100 million
- Housing: $100 million
- Public transit: $80 million
- Energy: $70 million
- Employment services: $70 million
- Child care: $40 million
- Justice: $40 million
Key Web Sites for State & Federal Information
Additional state monies will be available through competitive grant funds. Can your company or organization benefit from these additional financial resources? For a full list of available websites for more information, please visit the Indiana Chamber's website.
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