Off To Kokomo

On Tuesday, President Obama and Vice President Biden go to Kokomo, Indiana, where they will tout gains under the controversial economic stimulus law. The White House issued the following "background" press release on the Obama-Biden trip.  You can review the Obama Administration claims and leave your own review of the stimulus.
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Recovery Act is responsible for nearly 60 jobs to date at Delphi and in

total will enable the company to retain and hire nearly 200 additionalworkers

as production of the hybrid vehicles parts ramp up over the next several years.

currently supplies power electronics components such as inverters, chargers,

and DC/DC converters to production hybrid vehicles from manufacturers, such as

GM, Ford, Daimler, and BMW. 

a result of this grant, Delphi already has agreed to supply power electronics

to GM, Allison Transmission, and Coda Automotive.

began in July and Delphi began shipping products to customers in August.

being use to improve and realign the highway and upgrade several bridges along

the route. This section of roadway is part of a $345million, 14-mile

project that is part of the Indiana Governor's Major Moves program. The

Recovery Act-funded section of the bypass project is 95 percent complete. The

contractor is Primo, Inc., and the project has created approximately 49 jobs

to date.

add additional travel lanes.  This major local project is still underway,

even though construction has ended for the season.

18 locations on Routes 400N, 750W, and 100N in Howard County, all of which were

finished in late 2009.  

to fill budget gaps;

disabilities;

Early Head Start programs; and

in the district.

a result of the Recovery Act.

total includes approximately 125 students in Kokomo alone.

her husband received a $140,000 loan through the Recovery Act to purchase the

Gingerbread House Bakery.  Thanks to the Recovery Act loan, they were able

to save about $2,500 in fees.  This loan enabled them to take over the

former donut shop and make it their own.  Since then, business has been

booming. This loan was the only way Lauren and her husband could have started

the business.  They currently have 4 people on their payroll and expect to

expand. The Gingerbread House Bakery has evolved and, while it still

specializes in donuts, it now also makes traditional baked goods, cookies and

cakes on special order and specialty treats during the holidays.  Lauren

reports the bakery has been increasingly busy since opening last December 1st

They expanded the kitchen in April to meet demand and they hope to expand and

build another building in the next six months.

shop that received two SBA loans through the Recovery Act ($487,000 and

$375,000). The company has two local facilities totaling more than 45,000

square feet where they engineer, design and build automated production

machinery, do tool and die work and produce prototypes used for research and

development.  They've already reported 12 new jobs as a result of the

Recovery Act loans.

loan through the Recovery Act and report creating 30 new jobs as a result of

it. The company was started in 1984 when the owner was a student at

Indiana State University and has 11 locations in malls around Indiana,

including one in Kokomo's Markland Mall. They hope to add two to three more

locations in Indiana, as well as expanding to other states.

Kokomo-area business that is using an $80,000 Recovery Act SBA loan to revamp

their business plan from manufacturing refrigerated trailers to custom auto

parts and metal fabrication.  As a result of their shift in strategy, they

have been able to hire several new part-time workers and have saved $1,440 in

fees with the loan.

- CEA estimates that 71,000 jobswere created or saved by

the Recovery Act in Indiana through September, 2010.

infrastructure projects in Indiana, funding 2,400 jobs through September,

2010.

obligated for 1,161 transportation projects in Indiana.

business loans have been given to Indiana small businesses, supporting more

than $584 million in lending.

credit, 2,400,000 Indiana working families will collectively receive $1.3

billion in tax relief.

Indiana residents have expanded unemployment benefits because of the Recovery

Act.

seniors, veterans and other high-need residents have received one-time economic

relief payments of $250, totaling over $295 million.

positions were reported as funded by the Recovery Act in Q2 2010 in

Indiana - which has received more than $1 billion in State Fiscal Stabilization

Funds (SFSF).

than $1.5 billion available to Indiana for Medicaid assistance

The state of Indiana has spent more than $1.1 billion of the available funds.

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