1. Michigan Recovery and Reinvestment Plan michigan.gov/recovery 1 The Recovery Act in Michigan August 2009

2. Michigan Recovery and Reinvestment Plan michigan.gov/recovery 2 The American Recovery and Reinvestment Act (Recovery Act) Signed into law on February 17, 2009 A strategic investment in our nation’s future Save and Create Jobs Help to vulnerable citizens Lay the foundation for a sustainable 21 st century economy

3. Michigan Recovery and Reinvestment Plan michigan.gov/recovery 3 Recovery Act Supports Michigan’s Economic Plan Our plan aligns perfectly with President Obama’s goals:  Create jobs and diversify our economy  Educate and train our students and workers  Protect our citizens during tough times The Recovery Act is accelerating our plan

4. Michigan Recovery and Reinvestment Plan michigan.gov/recovery 4 Visit michigan.gov/recovery often for grant applications and the latest funding updates! Existing programs More than $7 billion expected More than $5 billion already allocated Competitive grants More than $40 billion available Tax cuts Estimated benefit to Michigan workers, families and small businesses = $11 billion How Are the Funds Coming to Us?

5. Michigan Recovery and Reinvestment Plan michigan.gov/recovery 5 Where is the money going? The Recovery Act is Helping Citizens in Need Unemployment Benefits Medicaid & Community Health Centers Food Assistance and Senior Nutrition Emergency Housing Weatherization and Energy Assistance Tax Cuts

6. Michigan Recovery and Reinvestment Plan michigan.gov/recovery 6 Where is the money going? The Recovery Act is Helping Communities in Need –COPS & Byrne JAG –Energy Efficiency Conservation Block Grants –Public Housing Infrastructure –Neighborhood Stabilization Program –Sewer and Drinking Water Infrastructure

7. Michigan Recovery and Reinvestment Plan michigan.gov/recovery 7 Where is the money going? The Recovery Act is Helping Students, Workers and Schools Billions for At-Risk Programs, Special Education New Tax Credit to make college more affordable Increased Pell Grants Expanded No Worker Left Behind Funding for Head Start and Early Head Start

8. Michigan Recovery and Reinvestment Plan michigan.gov/recovery 8 Where is the money going? The Recovery Act is Creating Jobs and Diversifying Michigan’s Economy Infrastructure investments, including roads, bridges and mass transit Advanced Battery competitive grants University Research and Development High Speed Rail Broadband Health Care IT Smart Grid

9. Michigan Recovery and Reinvestment Plan michigan.gov/recovery 9 Competitive Grants are available … Broadband – Rural and Non-rural – due August 14 th –expand access to broadband service to all unserved and underserved communities Economic Development Assistance –provide funds to address long-term economic distress in urban industrial cores and rural areas, distributed based on need and ability to create jobs and attract private investment. Applications accepted on an on-going basis Pathways Out of Poverty – due September 29 th –provide training and placement services to provide pathways out of poverty and into employment within high-growth industries Capital Fund Recovery Grants – due August 18 th –help public housing authorities significantly improve the quality of their housing stock, promote energy efficiency, and create jobs.

10. Michigan Recovery and Reinvestment Plan michigan.gov/recovery 10 On the Web… White House Recovery Portal: http://recovery.gov http://recovery.gov State of Michigan Recovery Portal: http://michigan.gov/recovery http://michigan.gov/recovery