Analyzing The Stimulus Package and Its Impact In Mississippi

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? Analyzing The Stimulus Package and Its Impact
In Mississippi AMERICAN RECOVERY AND
REINVESTMENT ACT Manufacturing Tax Provisions
Labor and Employment Provisions Workforce
Health Care Education Energy
Infrastructure Presented by B. Jeffrey Brooks,
Partner, Adams and Reese LLP and Janita R.
Stewart, Partner, SBA District Director,
Mississippi District Office ?Wednesday, June 24,
2009
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Overview

• Total cost - 787 billion
• Federal government predicts it will create/save 3
  to 4 million jobs nationally
• Estimates say it will create/save 30,000 in
  Mississippi
• Signed into law on February 17, 2009

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Tax Provisions

• Individual Tax Assistance
• Business Tax Provisions
• Aid to States and Local Governments
• Energy Tax Incentives

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Housing and Job Training

• Housing Assistance
• Job Training/Workforce Investments

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Education and Health

• State Stabilization Fund
• Pell Grants
• Medicaid
• Health Information Technology
• COBRA

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Transportation and Infrastructure Upgrades

• Department of Transportation (FHA, FAA and
  Transit Capital Assistance Grant)
• Department of Homeland Security
• Army Corps of Engineers
• EPA (Clean Water Infrastructure, Superfund and
  Underground Storage Tanks

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Energy and Science

• State Energy Program
• Energy Research and Development
• Renewable Electric Power Loan Guarantee
• Carbon Sequestration
• Smart Grid Technology

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Small Business and Aid to States

• Rural Community Facilities Program
• Rural Water
• Law Enforcement
• Rural Broadband
• Small Business Administration
• Rural Business Loans
• Economic Development Assistance

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Tracking and Accountability

• Unprecedented levels of transparency, oversight
  and accountability
• http//www.recovery.gov
• http//www.stimulus.ms.gov
• http//www.recovery.org