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.
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
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;
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,
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
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
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.