President Obama has signed into law the $787 billion American Recovery and Reinvestment Act. While many people are against the bill, just about every company is trying to figure out how they can take advantage of the situation to help improve their business. The bill is $2 billion smaller than the package presented last week that included an estimated $46 billion for transportation projects such as highway and bridge construction and repair, mass transit, high-speed railways and funding for Amtrak; $4.6 billion for the Army Corps of Engineers, $4 billion for public housing improvements and $6.4 billion for clean and drinking water projects. The bill also includes approximately $14 billion to subsidize loans for renewable energy projects. Another $5 billion has been earmarked to allow businesses buying equipment such as computers to speed up the depreciation of that equipment through 2009. These could all be positive moves for the surveying and mapping professions. The question is, what’s the best way to take advantage of these opportunities? And will these projects move quickly enough to save existing jobs and create new ones in our professions?
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Here's a breakdown of the original $819 billion stimulus package as published by The Washington Post. On Feb. 17, the Obama administration launched a new Web site at www.recovery.gov to provide additional information about the Recovery Act.