"The American Recovery and Reinvestment Bill presents a historic opportunity to turn the economic tide we are currently facing. With the efforts of our Economic Recovery Team, Boston is in a good position to use the stimulus funding to build on its strengths and create thousands of jobs in Massachusetts during a harsh economic downturn." Mayor Thomas M. Menino
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Welcome to the City of Boston's federal recovery webpage, a site for Boston residents and businesses interested in understanding the American Recovery and Reinvestment Act (ARRA).
This site will be dynamic, with regular updates on what federal funds are coming to Boston and where those funds are being invested. As projects are funded, the site will place increasing focus on where the money is going and the status and impact of investments. If you are looking for information related to ARRA, but do not find it on this page, please let us know by sending us an email at email@example.com.
On February 17, 2009, President Barack Obama signed the American Recovery & Reinvestment Act (H.R. 1) into law. One key purpose of this Act, a nearly $800 billion multi-year investment in the nation's economy, is to create or save 3.5 million jobs over the next two years.
Boston businesses will benefit from ARRA in two major ways: funding for construction projects and tax relief for investments.
There is expected to be some increases in federal appropriations for research and development. As summaries of these opportunities are developed, we plan to post them on this page.