American Recovery And Reinvestment Act in Tampa Bay
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Transcript of American Recovery And Reinvestment Act in Tampa Bay
American Recovery and American Recovery and Reinvestment ActReinvestment Act
Road to Economic Recovery Road to Economic Recovery and Jobs for Tampa Bay and Jobs for Tampa Bay
Area and YouArea and You
Florida’s District 11 – Tampa Bay’s Economic AnchorPopulation:
639,295Median Household Income:
$33,559Tampa Bay’s Business Centers:
Port of Tampa, Convention Center, Tampa International Airport, University of South Florida, University of Tampa, Area Hospitals, Tropicana Field, Port Manatee, Central Business Districts
Feb. 2009 Unemployment Rates: Florida: 12.2%; Tampa Bay Area: 13.1% National: 9.7%
Foreclosures:Florida has one of the highest foreclosure rates in the country
In response to the unparalleled economic crisis of our generation, the Recovery Act aims to create and save 3.5 million jobs targeted at the emergency period Spring 2009 through Fall 2010
Largest part of Recovery Act is tax cuts: Gave 95 percent of Americans an immediate tax cut
Second largest part: Direct relief to state governments and individuals
Final third: Community investments in transportation, infrastructure, clean and renewable energy, health care, education, housing and more
American Recovery and Reinvestment Act
“But thanks to the federal economic stimulus package, [Muquit]
Usama and his workers have been busy rehabilitating public
housing complexes throughout Tampa.”- St. Petersburg Times, Feb. 20, 2010
Reversing Job Loss
Tax Relief for Families and Businesses Making Work Pay Tax Cut: Larger paychecks were provided
immediately beginning last April to about 95 percent of American workers of up to $400 per worker ($800 per couple).
First-Time Homebuyers: Strengthens the housing market by increasing first-time homebuyer credit to $8,000 (up from $7,500) and removing the current repayment requirement.
Child Tax Credit: Cuts taxes for more than 16 million families with children through expansion of the child tax credit.
Earned Income Tax Credit: Expands the EITC by providing tax relief to families with three or more children and increasing marriage penalty relief.
College Tax Credit: Helps more than 4 million additional students attend college with a new, $2,500 tax credit for families.
Pell Grants: Increases the maximum Pell Grant by $500, from $4,850 to $5,350 in 2009 and $5,550 in 2010.
COBRA – Lifeline for our Neighbors Recovery Act helps
unemployed pay for health insurance coverage
Eligible individuals pay only 35 percent of the full COBRA premiums under their plans
Available for employees laid off from Sept.1, 2008 through Feb. 28, 2010
A Health Safety Net for Jobless Families St. Petersburg Times, Jan. 27, 2009
Helping Small Businesses Recovery Act targets $15 billion in tax relief to
small businesses
Establishes tax credits for small businesses hiring recently discharged vets and out-of-work youth
Recovery Act will generate $21 billion in new lending and investment for small businesses
Provides direct, interest free loans of $35,000 – emergency lifeline for established but struggling small businesses
Makes loans less expensive
Investments for Florida As of the end of January, Florida received almost $15 billion. Helped
state avoid widespread layoffs.
More than $4.3 billion for health care under Medicaid
More than $3.1 billion for education
$1.25 billion for jobs constructing one of the first high-speed rail lines
Of 20 largest metropolitan areas, as of last summer, Tampa Bay area was only one receiving greater share of transportation money than share of GDP
$470 million for energy projects
“I think it’s pretty incredible that 26,000 teachers
will continue to be able to work for Florida’s
children because of these additional moneys and
that’s really the point you know.” – Governor Charlie Crist, July 15, 2009
What does this meanfor Tampa Bay Area?
JOBS, JOBS, JOBSJOBS, JOBS, JOBS
Tampa Bay Area Schools, Students Benefit from Recovery Money
Florida has received more than $4 billion for education
Hillsborough County
$17.5 million for Title I
$22 million for IDEA
Pinellas County
$21 million for Title I
$15 million for IDEA
Saving and retaining education jobs
Approximately 800 in Pinellas and 1,500 in Hillsborough
More to come for Hillsborough, Pinellas and Manatee, including tens of millions to modernize schools
“I don’t know how we would have been able to open schools without the stimulus money.” – Julie Janssen, Pinellas Superintendent
It “went straight to keep our heads above water.” – MaryEllen Elia, Hillsborough Superintendent
Housing and Community Development
More than $100 million to Tampa Bay region
Tampa Housing Authority received $38 million to revitalize downtown Central Park while creating jobs, in addition to funding for to renovate other housing complexes
Neighborhood Lending Partners received $50 million for housing initiatives in Pinellas and Pasco counties
Redevelop hard-hit communities, create jobs, purchase and rehabilitate vacant homes
Pinellas County received $1.3 million to provide short-term rental assistance to those who have become homeless or are facing homelessness
Tampa received more than $1 million for CDBG for community centers
Additional $74 million for homeless assistance grants, throughout Tampa Bay
Get In Line for New Jobs
St. Petersburg Times, March 26, 2010
Head Start Recovery Act
invests in early childhood education
Hillsborough:$12 million
Pinellas: $802,000 Lutheran
Ministries’ Head Start: $86,000
Transportation – I-4/ Selmon Crosstown Connector
$105 million Creates almost 13,000 jobs Provides vital relief to
Tampa Port and local businesses
Port of Tampa poised for economic expansion
I-4/ Crosstown ConnectorBreaks Ground Tampa Bay Business Journal, April 9, 2010
Transportation – U.S. 19 and More
$45 million in Recovery Act funds for U.S. 19
Will create a significant number of jobs and ease traffic on congested road
$1.9 million for North Bay Trail (1st Street) from 30th Avenue North to 54th Avenue North.
$314,000 for East Avenue, Turner Street to Drew Street, Bicycle Safety Improvements.
The Miracle on U.S. 19
St. Petersburg Times, June 14, 2009
Transportation – HART and PSTA
HART receiving $15.2 million $7.8 million on 29 buses and
2 vans. Ridership is up. $1 million to extend streetcar
into downtown – in addition to Castor $1 million appropriation
Bus stop shelters and benches $15 million for Pinellas
Suncoast Transit Authority for capitol projects and operating
Hybrid-electric replacement buses, real-time bus information, and passenger amenities
$16 million for Tampa International Airport includes funding for security enhancements and runway work
Creating hundreds of jobs $5.4 million for St. Petersburg-
Clearwater Airport for terminal renovations and improvements
Expected to create or retain 44 jobs
Transportation – Our Region’s Airports
Stimulus Funds to Help St. Petersburg-Clearwater Airport’s Terminal BuildingTampa Bay Business Journal, April 9, 2009
How Tampa Leads the NationSource: New York Times/ July 9, 2009
High-Speed Rail – Historic Jobs Initiative Will create more than
20,000 construction jobs
$1.25 billion awarded to Florida for one of the first lines in new national HSR
Very competitive Obama, Biden made
announcement at UT
“We are going to start building a new high-speed rail
line right here in Tampa, building for the future,
putting people to work.”
- President Obama, Jan. 28, 2010
Stimulus Money
Headed to St. Pete
Clinics
Ch. 13, July 7, 2009
Community Health Centers
$13 million to Tampa Bay area Creates jobs for doctors, nurses and
other medical professionals Allows centers to serve more patients Construction money allowing Johnnie
Ruth Clarke Health Center to add new exam rooms – more than $1 million
New community health centers to be constructed in East Tampa and North Tampa
Manatee County Rural Health Services adding exam rooms and hiring medical professionals
Research – Tampa Bay’s High-Wage Jobs of the Future
Significant competitive research grants through NIH and NSF
$19 million awarded so far to Moffitt Cancer Center
Money will support cancer research and general operations
More than $12 million to University of South Florida for research and to hire faculty
College of Marine Science researchers received grants to better understand and monitor climate change and environmental damage
SRI received almost $500,000 for research
Moffitt Cancer Center Gets$6 Million Ch. 13 news, June 17, 2009
“There is no question that USF, that the stabilization funding, stopped a horrible year of cutting positions and cutting people.” – USF Vice President Michael Hoad
Tampa Bay’s Ports – Our Vital Economic Engines
4 Port of Tampa Companies in Line for Stimulus Funds TBO.com, July 17, 2009
$12 million for improvements at shipyards, pier reconstructions and bulkhead replacement
Hundreds of jobs saved and created
International Ship and Marine Services, Tampa Ship, Gulf Marine RepairRiverhawk Marine, Port of Tampa benefit
$1 million for Port security at Port Manatee
Tampa Bay’s Water Infrastructure City of Tampa received
$23 million low-interest loan and $2.5 million grant, which will create 125 jobs
City will replace aging water pipes downtown and on Davis Islands
$3 million loan to Oldsmar to build a new water treatment plant
Promotes reliable infrastructure, clean and healthy Tampa Bay
MacDill Air Force Base
More than $12 million for repairs and improvements
Runway Rubber Removal & Remarking -$339,000
Repair Asphalt Adjacent to Concrete South Apron - $431,000
Repair North Apron Feature A36b - $1,088,000
Repair North Apron Taxi Route - $4,305,000
Repair South Apron Storm Drainage -$6,027,000
Energy Efficiency Energy Efficiency and
Conservation Block Grants to cities and counties
Flexible use to reduce total energy use and fossil fuel emissions and improve energy efficiency
Energy audits, building retrofits, transportation, reduce and capture greenhouse gases, new street lights, solar panels for government buildings
Approximately $18 million to Tampa Bay region
Federal stimulus money to pay for Tampa Bay energy projectsSt. Petersburg Times, March 27, 2009
Investing in Solar Energy In Arcadia, President Obama
announced $3.4 billion for “smart grid” energy
$267 million for Florida, including Lakeland, Miami and Tallahassee
DeSoto Next Generation Solar Energy Center creating jobs
University of South Florida involved in smart-grid work
Solar energy is clean, plentiful and affordable
Focus on creating a clean energy economy
$4.7 million to St. Petersburg Police Department, Bradenton PD and Manatee County Sheriff
Hire and retain 25 officers Funding through Justice
Department’s COPS initiative
Provide salaries, benefits for three years
Tampa also received FEMA grant for assistance to firefighters program
Stimulus Money To Allow Hiring of Tampa Bay OfficersSt. Petersburg Times, July 28, 2009
COPS – Keeping Us Safe
Brownfields Redevelopment Clearwater receiving
$400,000 from the U.S. Environmental Protection Agency to clean up brownfields
Tampa also receiving $400,000
Clean up illegal dump sites and other polluted property
Investing in cleaning up brownfields will aid in redevelopment
Improves public health Spurs economic development
and job creation
Tampa Stimulus Money
Helps Clean Up Dump Sites
Tampa Tribune, May 11, 2009
PaperFree Florida University of South
Florida received nearly $6 million
USF striving to be in forefront of electronic medical records initiative
PaperFree Florida creates jobs and reduces costly medical errors
Stimulus Boosts Bay Area Electronic
Health Records Plan
Tampa Bay Business Journal, March 16, 2009
Additional Resources
www.castor.house.gov
www.makinghomeaffordable.gov
www.recovery.gov
www.flarecovery.com
Tampa Bay’s Road to Tampa Bay’s Road to RecoveryRecovery