Economic Stimulus
On February 17, 2009 President Obama signed into law the American Economic Recovery and Reinvestment Act of 2009 — frequently referred to as the Stimulus package. The primary goal of the Stimulus is to get projects funded that will result in jobs as early as June of this year. The speed in which the legislation passed and the enormity of the projects funded is good news for states, industries and companies who are poised to get to work.
There is tremendous flexibility in the way the funds will be disbursed that will result in many opportunities for the private sector at the federal, state and local levels. The distribution of funding in many instances involves new grant programs, new regulatory standards, and a new set of tax provisions. Every sector of the economy--from education institutions to energy companies — has the opportunity to benefit, if they are able to: a) match their capabilities with the funds and tax advantages contained in the Stimulus, b) contact the funding decision-makers within the government to identify job creation opportunities, and c) identify tax advantages in a timely manner.
The American Economic Recovery and Reinvestment Act (ARRA) Taskforce at MLA is already counseling and positioning clients by identifying direct funding opportunities, as well as collaborating with clients and government to build public-private partnerships, and creating coalitions of industry partners.
In addition to assisting clients identify and take advantage of new funding and tax provisions, we ensure that our clients have the political law, government contracts, and compliance counseling they will need once the funds are disbursed.