President Barack Obama is set to sign a $24-billion economic stimulus bill providing tax incentives to prospective homebuyers
and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery.
Indiana University economists offered a cautious but improving economic outlook for 2010, in which they expect the personal
income of Hoosiers to grow slightly and the state to add 50,000 jobs.
The government’s latest count of stimulus jobs significantly overstates the effects of the $787 billion program, raising fresh
questions about the process the Obama administration is using to tout the success of its economic recovery plan.
President Barack Obama’s federal stimulus package has steered about $848 million to Indiana so far and created or retained
nearly 18,900 jobs, the White House said. But an analysis found the report is still full of errors.
The Johnson County community hopes an economic stimulus grant for transportation will hasten its plans to build an east-west
thoroughfare and set the stage for a new Interstate 65 interchange.
IPL will receive $20 million to help pay for a $48.8 million project to install more than 28,000 smart meters; Midwest ISO
will get $17.3 million toward a $34.5 million project to install 150 phasor measurement units.
Gov. Mitch Daniels says a program that hires young adults to improve Indiana parks and trails has been so successful that
he’s extending it for another year. The Young Hoosiers Conservation Corps has given jobs to nearly 1,900 residents ages 16
to 24 since it was created this year using federal stimulus money.
Indiana has received nearly $2.4 billion in federal stimulus money and has spent nearly $780 million so far, according to
preliminary data released Thursday.
The preliminary numbers are out on the effect of the $787 billion federal stimulus on Indiana.
Teachers appear to have benefited most from the effort to save jobs with the $787 billion recovery package, which sent billions
of dollars to states that were on the verge of ordering heavy layoffs in education.
Leading
indicators show that an economic recovery likely will take hold in 2010, although several challenges remain that could delay
a solid rebound from the worst recession in a generation, an economist said Friday morning at IBJ’s annual Economic Forecast.
The recession faded in the spring with economic activity shrinking at a pace of just 0.7 percent, a better-than-expected showing
that buttressed beliefs the economy is now growing.
Earlier this month, the Obama administration released its estimate of the impact of the fiscal stimulus on job creation.
Indiana Lt. Gov. Becky Skillman plans to announce the first awards of $164 million in federal stimulus money to build low-
and moderate-income housing across the state.
Appliance retailers are poised to take a page from the car dealership playbook in promoting a new government program offering
rebates on energy-efficient washers, refrigerators and air conditioners.
The federal government’s popular Cash for Clunkers program that ended Monday gave a boost to Kokomo’s Chrysler
plants.
Now comes the hard part for the auto industry – luring customers without big Cash for Clunkers discounts.
Federal stimulus funds and greenhouse-gas legislation have the potential to spark a green version of the Gold Rush. Many Indiana
firms are retooling to sell products or services that are or might soon be in demand.
The Indiana State Fair is a great treat, but there’s a lot more to it than the food and fun. In 2008, more than 859,000 folks visited the fair. According to our estimates, spending at the fair last year led to more than $63 million in total economic activity.
More emerging life science companies have found life in the form of federal
Small Business Innovation Research grants.
