News About Economic Stimulus
SIGNIFICANT RACIAL DISPARITIES IN DISBURSEMENT OF STIMULUS FUNDING
Wednesday, February 17, 2010Press Release
Today marks one year since the American Recovery and Reinvestment Act (ARRA) was signed into law. An analysis by Advancement Project, a national civil rights organization, of state ARRA fund allocations in 2009 and their diversity levels reveals states with greater racial and ethnic diversity received less funds in 2009. The range for ARRA spending per state resident starts at a low of $491 in Florida and goes to a high of $2289 in Alaska.
Read moreObama Must Ensure that Stimulus Funds Go Where Need is Greatest; Analysis Shows Least Diverse States Get the Most
Blog post
Part of Obama’s goal with the $787 billion stimulus package, also known as the American Recovery and Reinvestment Act, was to aim federal dollars and stimulate the economy in areas that have been hardest hit by the recession. The Act was intended to preserve and create jobs and promote economic recovery to assist those most impacted by the recession.
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