Monday, March 1, 2010

The Stimulus Plan for Infrastructure Spending

The Stimulus Plan for Infrastructure Spending

This is a great article that tells about the Stimulus Bill and how the funds are FINALLY going to be spent in 2010. This article was written by Kent Hoover, of the Memphis Business Journal.

About 23,500 infrastructure projects funded by the economic stimulus bill will begin this year, according to a study by Onvia, Inc., a Seattle company that tracks stimulus spending.
These jobs will put $76 billion in the hands of contractors and create 480,000 construction jobs, according to Onvia.

“Despite all of the talk about the stimulus working, our research shows most of the funds have not left Washington, although they will in 2010,” Onvia CEO Mike Pickett said.

“We also expect competition for these contracts to be fierce as more businesses seek to capitalize on the irresistibly large market created by government spending,” he said. “It will remain a buyer’s market as more companies follow the money and competition keeps a lid on costs.”
Last year, most infrastructure projects came in below estimated costs, Onvia found, which enabled government officials to expand the scope of some stimulus-funded projects.
Small businesses see little benefit from stimulus bill.

The $787 billion economic stimulus bill may have created or saved 2 million jobs, but most small business owners haven’t seen much of an impact from the legislation.

A February survey of small business owners by Discover Financial Services found that 70% said the stimulus bill had no impact on their businesses.

Only 10% said it helped, and 17% contend it hurt their businesses.

A separate survey conducted for CIT Group Inc. in December and January found that 90% of small business owners said they haven’t benefited from the economic stimulus bill.

The Discover survey, which focused on businesses with five or fewer employees, found lots of skepticism about the federal government’s ability to help them.

More than 75% said they were “not very confident” or “not at all confident” that the federal government and Congress could address the needs of small business owners, up from 62% a year ago.

Nearly 70% said it’s unlikely they would hire a new employee if Congress passed a proposed tax credit for businesses that increase the size of their work force.

The stimulus bill helped revive Small Business Administration lending by increasing the government guarantee on these loans and reducing or eliminating fees.

But 91% of the small business owners surveyed by Discover said they had never applied for an SBA loan, and 61% said it’s unlikely they would do so in the future, even if they were easier to get.

The CIT survey focused on larger small businesses, companies with annual revenues of $1 million or more. Nearly 60% of these business owners said small businesses would benefit from a proposed increase in the size limit for SBA loans.

Kent Hoover is Washington bureau chief for American City Business Journals. He can be reached at (703) 816-0330 or For a link to the article, click here.


  1. Each individual sit back and watch with the chain is exclusive and allows distinct components. That CockPit Lover additionally, the hublot replica sale Starliner include Superb Quartz move even while all of those other Windrider chain take advantage of self-winding, foot orthotics move. The force cartier replica sale preserve include is without a doubt rating within around 42 days considering the Cockpit Lover additionally, the Starliner based for solar battery preserve potential. In most cases, a lot of these patek philippe replica uk running watches can be watertight to help you 50 metres, considering the Cockpit golden adaptation to be watertight to help you 100 metres, additionally, the Windrider Chronomat and even Blackbird units to be watertight to help you 299 metres. Every display screen an important uni-directional bezel through hermes replica sale that exception belonging to the Blackbird which inturn implements a bi-directional bezel. For sale court case chanel replica 2.55 versions alter depending on the mannequin. Stainless steel occasions can be a way for a lot of Windriders. Breitling you will be able running watches can be advanced running watches which use a bit of tag heuer replica sale a good number of classy options on trade in running watches. Consequently, a lot of these running watches can be honored and even appraised as a result of all scuba divers, astronauts, aviators and people just who rolex replica submariner might depend on excellence precious time attempting to keep equipments. The manufacturer in Breitling running watches was best-known designed for louis vuitton replica establishing most beneficial expensive precious time bits of the whole world. Breitling running watches have been completely an important leader on universe in aviation, given that they initiated as a result of helping to make chronometers designed for aeroplanes and even chronographs designed for pilots. Breitling you will be able running watches are actually the state sit back and watch in pilots and even airliner keepers.