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Last updated on July 1, 2009 FEDERAL UPDATEThe American Recovery and Reinvestment Act (ARRA)
On February 17, President Obama signed the American Recovery and Reinvestment Act (ARRA) – also known as the Federal Stimulus Bill – which reflects the largest infusion of federal funds since the 1960s. Totaling $787 billion over two years, the bill includes approximately $462 billion in spending and $325 billion in tax cuts. New York State is expected to get approximately $24.6 billion in funding, based on estimates by the NYS Division of the Budget. For important information about spending categories and how to apply for these funds, click here.
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NYCOM | 119 Washington Avenue | Albany, NY 12210 | 518.463.1185 ph | 518.463.1190 fax| info@nycom.org |
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