The American Recovery and Reinvestment Act of 2009 was passed by Congress and then signed into law by President Obama on February 17, 2009. The Recovery Act is the single largest domestic spending program in U.S. history and is designed to stimulate the economy, create or save 3.5 million jobs over the next two years, and make significant improvements to the nation’s infrastructure. These federal funds will help citizens get through this economic crisis while investing in our future.
The Recovery Act represents a number of separate funding opportunities for which the City of Philadelphia is directly eligible, either by formula or competitive grant. In addition, grants to other local governments and authorities, which will be spent in and on Philadelphia, are significant and will benefit the city.
For each of the funding opportunities contained within the Recovery Act – whether formula or competitive – the City must identify exactly what projects and initiatives it will pursue with this funding. The federal agency or department responsible for administering the funding stream must then evaluate the proposals according to the established eligibility criteria. This also includes a commitment to complying with strict reporting and accountability requirements.
You can review the funding opportunities for which we are eligible and pursuing here (Recovery Projects). For each, we have designated the local lead agency and identified the relevant federal and/or state decision maker. We will be updating this information regularly and, once funding is received and projects are underway, we will post detailed project status reports.