Economic Stimulus Resources: Does Your Business Qualify?

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.