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American Recovery and
  Reinvestment Act


 Road to Economic Recovery
and Jobs for Tampa Bay Area
          and You
Florida’s District 11 –
Tampa Bay’s Economic Anchor
Population:
  639,295

Median Household Income:
  $33,559

Tampa Bay’s Business Centers:
  Port of Tampa, Convention Center,
  Tampa International Airport,
  University of South Florida,
  University of Tampa, Area
  Hospitals, Tropicana Field, Port
  Manatee, Central Business
  Districts
American Recovery and Reinvestment Act
   The Recovery Act aims to create and save 3.5 million jobs in response to
    the unparalleled economic crisis of our generation

   The American Recovery and Reinvestment Act boosted the country's real
    GDP by up to 4.5 percent in the second quarter of 2010, and increased the
    number of American jobs by as many as 3.3 million

   Largest part of Recovery Act is tax cuts: Gave 95 percent of Americans an
    immediate tax cut

   Second largest part: Direct support to states and individuals

   Final third: Community investments in transportation, infrastructure, clean
    and renewable energy, health care, education, housing and more
Tax Relief for Families and Businesses
   Making Work Pay Tax Cut: Larger paychecks were provided
    immediately beginning April 2009 to about 95 percent of American
    workers of up to $400 per worker ($800 per couple).
   Child Tax Credit: Cuts taxes for more than 16 million families with
    children through expansion of the child tax credit.
   Earned Income Tax Credit: Expands the EITC by providing tax relief
    to families with three or more children and increasing marriage penalty
    relief.
   College Tax Credit: Helps more than 4 million additional students
    attend college with a new, $2,500 tax credit for families.
   Pell Grants: Increases the maximum Pell Grant by $500, from $4,850
    to $5,350 in 2009 and $5,550 in 2010.
   COBRA: Eligible individuals pay only 35% of the full COBRA premiums
    for health insurance coverage
Lower Taxes for
Middle Class Families
   Tax bills for families in
    2009 at the lowest level
    since 1950 under President
    Harry Truman
   98 percent of families saw
    their taxes decrease
   Average tax refunds were
    up 10 percent
   The historic tax cuts for
    middle-class families are
    putting money back into
    their wallets at a time they
    need it most
Helping Small Businesses
   Recovery Act targets $15 billion in tax relief to small
    businesses

   Establishes tax credits for small-businesses hiring,
    recently discharged vets and out-of-work youth

   Recovery Act will generate $21 billion in new lending and
    investment for small businesses

   Provides direct, interest free loans of $35,000 –
    emergency lifeline for established but struggling small
    businesses

   Makes loans less expensive
What does this mean
   for Tampa Bay Area?




JOBS, JOBS, JOBS
Tampa Bay Area Schools, Students
Benefit from Recovery Money
                                               Florida has received more than $4
                                                billion for education
                                               $700 million to Florida for Race to the
                                                Top
                                               USF, HCC students received $25
                                                million in Pell Grants
                                               Hillsborough County Schools
                                                    $17.5 million for Title I
                                                    $22 million for IDEA
                                               Pinellas County Schools
                                                    $21 million for Title I
“I don’t know how we would have been able           $15 million for IDEA
to open schools without the stimulus
                                               Recovery Act saved and retained
money.” – Julie Janssen, Pinellas
                                                approximately 800 jobs in Pinellas and
Superintendent                                  1,500 in Hillsborough
It “went straight to keep our heads above
water.” – MaryEllen Elia, Hillsborough
Superintendent
Head Start
   Recovery Act invests
    in early childhood
    education
   Hillsborough:
    $12 million
   Pinellas: $802,000
   Lutheran Ministries’
    Head Start: $86,000
Housing and Community Development
   More than $100 million to Tampa Bay
    region
   Tampa Housing Authority received $38
    million to revitalize downtown Central
    Park while creating jobs, in addition to
    funding for to renovate other housing
    complexes
   Neighborhood Lending Partners
    received $50 million for housing
    initiatives in Pinellas and Pasco counties
   Redevelop hard-hit communities, create
    jobs, purchase and rehabilitate vacant
    homes
   Pinellas County received $1.3 million to
    provide short-term rental assistance to
    those who have become homeless or
    are facing homelessness
   Tampa received more than $1 million for
    CDBG for community centers
   Additional $74 million for homeless
    assistance grants throughout Tampa
    Bay
Transportation – I-4/ Selmon
Crosstown Connector
                   $105 million
                   Creates almost 13,000 jobs
                   Provides vital relief to Tampa
                    Port and local businesses
                   Port of Tampa poised for
                    economic expansion
Transportation – I-4/ Selmon
Crosstown Connector
                                      Completion Fall 2013
                                      12-lane elevated
                                       highway linking the
                                       Selmon Expressway
                                       and the Port of Tampa
                                       with Interstate 4
“This project is the envy of the      1 mile long, but about
rest of the country,” U.S.             22 miles of pavement.
Transportation Secretary Ray
LaHood.
Transportation – U.S. 19 and More
                       $45 million in Recovery
                        Act funds for U.S. 19
                       Will create a significant
                        number of jobs and ease
                        traffic on congested road
                       $1.9 million for North Bay
                        Trail (1st Street) from 30th
                        Avenue North to 54th
                        Avenue North.
                       $314,000 for East Avenue,
                        Turner Street to Drew
                        Street, Bicycle Safety
                        Improvements
Transportation – HART and PSTA
   HART receiving $15.2 million
   $7.8 million on 29 buses and 2
    vans. Ridership is up.
   $1 million to extend streetcar
    into downtown – in addition to
    Castor $1 million appropriation
   Bus stop shelters and benches
   $15 million for Pinellas Suncoast
    Transit Authority for capitol
    projects and operating
   Hybrid-electric replacement
    buses, real-time bus information,
    and passenger amenities
Transportation –
Our Region’s Airports
   $16 million for Tampa International
    Airport includes funding for security
    enhancements and runway work
   Creating hundreds of jobs
   $5.4 million for St. Petersburg-
    Clearwater Airport for terminal
    renovations and improvements
   Expected to create or retain 44 jobs
How Tampa Leads the Nation
         Source: New York Times/ July 9, 2009
High-Speed Rail
   More than $2.6 billion was
    directed to Florida for high-
    speed rail

   Would have created more than
    20,000 jobs

   Civic, business and elected
    leaders worked together to
    save HSR and fought to keep
    these jobs in Florida

   Gov. Scott killed the initiative
Community Health Centers
   $13 million to Tampa Bay area

   Creates jobs for doctors, nurses and other
    medical professionals

   Allows centers to serve more patients

   Construction money allowed Community
    Health Centers of Pinellas to open
    Women’s Health Center

   New community health center open in
    East Tampa

   New clinic opened in North Tampa

   Manatee County Rural Health Services
    adding exam rooms and hiring medical
    professionals
Research – Tampa Bay’s
 High-Wage Jobs of the Future
                                               Significant competitive research grants
                                                through NIH and NSF
                                               $25 million awarded to Moffitt Cancer
                                                Center, supporting more than 400 jobs
                                               Money will support cancer research
                                                and M2Gen partnership with Merck
                                               More than $24 million to University of
                                                South Florida for research and to hire
                                                faculty
                                               College of Marine Science
                                                researchers received grants to better
                                                understand and monitor climate
                                                change and environmental damage
                                               Competing for more grant money
“There is no question that USF, that the
                                               SRI received almost $500,000 for
stabilization funding, stopped a horrible       research
year of cutting positions and cutting
people.”
  – USF Vice President Michael Hoad
Tampa Bay’s Ports – Our Vital
Economic Engines
 $12 million for improvements at
shipyards, pier reconstructions
and bulkhead replacement
 Hundreds of jobs saved and
created
 International Ship and Marine
Services, Tampa Ship, Gulf
Marine Repair
Riverhawk Marine, Diversified
Marine Tech, Port of Tampa
benefit
$1 million for Port security at
Port Manatee
Tampa Bay’s Water Infrastructure
   City of Tampa received $23
    million low-interest loan and
    $2.5 million grant, which will
    create 125 jobs
   City replacing aging water
    pipes downtown and on Davis
    Islands
   $3 million loan to Oldsmar to
    build a new water treatment
    plant
   Promotes reliable
    infrastructure, clean and
    healthy Tampa Bay
MacDill Air Force Base
   More than $12 million for repairs and
    improvements to the runway and
    sinkhole mitigation
   Runway Rubber Removal &
    Remarking -$339,000
   Repair Asphalt Adjacent to Concrete
    South Apron - $431,000
   Repair North Apron Feature A36b -
    $1,088,000
   Repair North Apron Taxi Route -
    $4,305,000
   Repair South Apron Storm Drainage -
    $6,027,000
   Critical to the KC-135 tanker air
    mobility mission
   Col. Larry Martin says out of the $39
    million available for Air Mobility
    Command, MacDill Secured $13
    million because “we were ready”
Energy Efficiency
   Pinellas County Urban League
    won $1.5 million in weatherization
    money to upgrade homes

   Recovery Act Weatherization
    Assistance has supported more
    than 200 jobs in Florida in the
    second quarter of 2010

   Energy Efficiency and
    Conservation Block Grants to
    cities and counties, including new   Hillsborough County Courthouse Real-Time
    solar panels at old county
    courthouse                            Solar Monitoring – 10/28/2010 9:23 am

   Energy audits, building retrofits,
    reduce and capture greenhouse
    gases, new street lights, for
    government buildings

   $18 million to Tampa Bay region
Investing in Solar Energy
   In Arcadia, President Obama
    announced $3.4 billion for “smart
    grid” energy

   $267 million for Florida, including
    Lakeland, Miami and Tallahassee

   DeSoto Next Generation Solar
    Energy Center creating jobs

   University of South Florida
    involved in smart-grid work

   Tampa-based Ultrasonic
    Technologies receiving $1.4
    million to lower cost of
    photovoltaics

   Solar energy is clean, plentiful
    and affordable

   Focus on creating a clean energy
    economy
COPS – Keeping Us Safe
                $4.7 million to St. Petersburg
                 Police Department, Bradenton
                 PD and Manatee County
                 Sheriff
                Hire and retain 25 officers
                Funding through Justice
                 Department’s COPS initiative
                Provide salaries, benefits for
                 three years
                Tampa also received FEMA
                 grant for assistance to
                 firefighters program
PaperFree Florida
   University of South
    Florida received $6
    million
   USF striving to be in
    forefront of electronic
    medical records initiative
   PaperFree Florida
    creates jobs and reduces
    costly medical errors
From the Experts
   “I think we’ve gotten to a point where it’s a self-sustaining recovery.” - David Wyss,
    chief economist at Standard & Poor’s

   “The U.S. recovery from the Great Recession continues, with business conditions
    improving.” - William Strauss, senior economist, Federal Reserve Bank, Chicago

   “I feel more confident … there’ll be no relapse.” - Stuart Hoffman, chief economist, PNC
    Financial Services Group

   “Consumers are showing extraordinary resilience. There’s a lot of pent-up demand
    out there that is now being unleashed. The whole supply chain system is now being
    revitalized.” - Bernard Baumohl, chief economist, Economic Outlook Group

   “We would be in a measurably worse place if not for the stimulus. I don’t think it is
    any coincidence that the great recession ended at precisely the same time that the
    stimulus, and in this case when I say stimulus I am talking about the [American
    Recovery and Reinvestment Act] ….was providing its maximum economic benefit.” -
    Mark Zandi, chief economist, Moody’s Economy.com

   “The weight of the evidence suggests that fiscal policy softened the impact of the
    recession, boosting demand, creating jobs, and helping the economy start growing
    again.” - James Surowiecki, The New Yorker
Recovery Act at Work:
More Jobs to Come
   The Recovery Act has played
    an essential role in changing
    the trajectory of the economy.
    It has raised the level of GDP
    substantially in its first full year
    of existence and has saved or
    created approximately 3.3
    million jobs.                            Johnnie Ruth Clarke Health Center
                                                  Midtown St. Petersburg
   The tax relief and income
    support provisions of the ARRA
    alone account for roughly half
    of the beneficial employment
    benefits.



                                           J.L. Young Apartment Complex, Tampa
Additional Resources



                               www.recovery.gov

 www.castor.house.gov

                               www.flarecovery.com

www.makinghomeaffordable.gov
Tampa Bay’s Road to Recovery

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Tampa Bay American Recovery and Reinvestment Act

  • 1. American Recovery and Reinvestment Act Road to Economic Recovery and Jobs for Tampa Bay Area and You
  • 2. Florida’s District 11 – Tampa Bay’s Economic Anchor Population: 639,295 Median Household Income: $33,559 Tampa Bay’s Business Centers: Port of Tampa, Convention Center, Tampa International Airport, University of South Florida, University of Tampa, Area Hospitals, Tropicana Field, Port Manatee, Central Business Districts
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  • 4. American Recovery and Reinvestment Act  The Recovery Act aims to create and save 3.5 million jobs in response to the unparalleled economic crisis of our generation  The American Recovery and Reinvestment Act boosted the country's real GDP by up to 4.5 percent in the second quarter of 2010, and increased the number of American jobs by as many as 3.3 million  Largest part of Recovery Act is tax cuts: Gave 95 percent of Americans an immediate tax cut  Second largest part: Direct support to states and individuals  Final third: Community investments in transportation, infrastructure, clean and renewable energy, health care, education, housing and more
  • 5. Tax Relief for Families and Businesses  Making Work Pay Tax Cut: Larger paychecks were provided immediately beginning April 2009 to about 95 percent of American workers of up to $400 per worker ($800 per couple).  Child Tax Credit: Cuts taxes for more than 16 million families with children through expansion of the child tax credit.  Earned Income Tax Credit: Expands the EITC by providing tax relief to families with three or more children and increasing marriage penalty relief.  College Tax Credit: Helps more than 4 million additional students attend college with a new, $2,500 tax credit for families.  Pell Grants: Increases the maximum Pell Grant by $500, from $4,850 to $5,350 in 2009 and $5,550 in 2010.  COBRA: Eligible individuals pay only 35% of the full COBRA premiums for health insurance coverage
  • 6. Lower Taxes for Middle Class Families  Tax bills for families in 2009 at the lowest level since 1950 under President Harry Truman  98 percent of families saw their taxes decrease  Average tax refunds were up 10 percent  The historic tax cuts for middle-class families are putting money back into their wallets at a time they need it most
  • 7. Helping Small Businesses  Recovery Act targets $15 billion in tax relief to small businesses  Establishes tax credits for small-businesses hiring, recently discharged vets and out-of-work youth  Recovery Act will generate $21 billion in new lending and investment for small businesses  Provides direct, interest free loans of $35,000 – emergency lifeline for established but struggling small businesses  Makes loans less expensive
  • 8. What does this mean for Tampa Bay Area? JOBS, JOBS, JOBS
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  • 10. Tampa Bay Area Schools, Students Benefit from Recovery Money  Florida has received more than $4 billion for education  $700 million to Florida for Race to the Top  USF, HCC students received $25 million in Pell Grants  Hillsborough County Schools  $17.5 million for Title I  $22 million for IDEA  Pinellas County Schools  $21 million for Title I “I don’t know how we would have been able  $15 million for IDEA to open schools without the stimulus  Recovery Act saved and retained money.” – Julie Janssen, Pinellas approximately 800 jobs in Pinellas and Superintendent 1,500 in Hillsborough It “went straight to keep our heads above water.” – MaryEllen Elia, Hillsborough Superintendent
  • 11. Head Start  Recovery Act invests in early childhood education  Hillsborough: $12 million  Pinellas: $802,000  Lutheran Ministries’ Head Start: $86,000
  • 12. Housing and Community Development  More than $100 million to Tampa Bay region  Tampa Housing Authority received $38 million to revitalize downtown Central Park while creating jobs, in addition to funding for to renovate other housing complexes  Neighborhood Lending Partners received $50 million for housing initiatives in Pinellas and Pasco counties  Redevelop hard-hit communities, create jobs, purchase and rehabilitate vacant homes  Pinellas County received $1.3 million to provide short-term rental assistance to those who have become homeless or are facing homelessness  Tampa received more than $1 million for CDBG for community centers  Additional $74 million for homeless assistance grants throughout Tampa Bay
  • 13. Transportation – I-4/ Selmon Crosstown Connector  $105 million  Creates almost 13,000 jobs  Provides vital relief to Tampa Port and local businesses  Port of Tampa poised for economic expansion
  • 14. Transportation – I-4/ Selmon Crosstown Connector  Completion Fall 2013  12-lane elevated highway linking the Selmon Expressway and the Port of Tampa with Interstate 4 “This project is the envy of the  1 mile long, but about rest of the country,” U.S. 22 miles of pavement. Transportation Secretary Ray LaHood.
  • 15. Transportation – U.S. 19 and More  $45 million in Recovery Act funds for U.S. 19  Will create a significant number of jobs and ease traffic on congested road  $1.9 million for North Bay Trail (1st Street) from 30th Avenue North to 54th Avenue North.  $314,000 for East Avenue, Turner Street to Drew Street, Bicycle Safety Improvements
  • 16. Transportation – HART and PSTA  HART receiving $15.2 million  $7.8 million on 29 buses and 2 vans. Ridership is up.  $1 million to extend streetcar into downtown – in addition to Castor $1 million appropriation  Bus stop shelters and benches  $15 million for Pinellas Suncoast Transit Authority for capitol projects and operating  Hybrid-electric replacement buses, real-time bus information, and passenger amenities
  • 17. Transportation – Our Region’s Airports  $16 million for Tampa International Airport includes funding for security enhancements and runway work  Creating hundreds of jobs  $5.4 million for St. Petersburg- Clearwater Airport for terminal renovations and improvements  Expected to create or retain 44 jobs
  • 18. How Tampa Leads the Nation Source: New York Times/ July 9, 2009
  • 19. High-Speed Rail  More than $2.6 billion was directed to Florida for high- speed rail  Would have created more than 20,000 jobs  Civic, business and elected leaders worked together to save HSR and fought to keep these jobs in Florida  Gov. Scott killed the initiative
  • 20. Community Health Centers  $13 million to Tampa Bay area  Creates jobs for doctors, nurses and other medical professionals  Allows centers to serve more patients  Construction money allowed Community Health Centers of Pinellas to open Women’s Health Center  New community health center open in East Tampa  New clinic opened in North Tampa  Manatee County Rural Health Services adding exam rooms and hiring medical professionals
  • 21. Research – Tampa Bay’s High-Wage Jobs of the Future  Significant competitive research grants through NIH and NSF  $25 million awarded to Moffitt Cancer Center, supporting more than 400 jobs  Money will support cancer research and M2Gen partnership with Merck  More than $24 million to University of South Florida for research and to hire faculty  College of Marine Science researchers received grants to better understand and monitor climate change and environmental damage  Competing for more grant money “There is no question that USF, that the  SRI received almost $500,000 for stabilization funding, stopped a horrible research year of cutting positions and cutting people.” – USF Vice President Michael Hoad
  • 22. Tampa Bay’s Ports – Our Vital Economic Engines  $12 million for improvements at shipyards, pier reconstructions and bulkhead replacement  Hundreds of jobs saved and created  International Ship and Marine Services, Tampa Ship, Gulf Marine Repair Riverhawk Marine, Diversified Marine Tech, Port of Tampa benefit $1 million for Port security at Port Manatee
  • 23. Tampa Bay’s Water Infrastructure  City of Tampa received $23 million low-interest loan and $2.5 million grant, which will create 125 jobs  City replacing aging water pipes downtown and on Davis Islands  $3 million loan to Oldsmar to build a new water treatment plant  Promotes reliable infrastructure, clean and healthy Tampa Bay
  • 24. MacDill Air Force Base  More than $12 million for repairs and improvements to the runway and sinkhole mitigation  Runway Rubber Removal & Remarking -$339,000  Repair Asphalt Adjacent to Concrete South Apron - $431,000  Repair North Apron Feature A36b - $1,088,000  Repair North Apron Taxi Route - $4,305,000  Repair South Apron Storm Drainage - $6,027,000  Critical to the KC-135 tanker air mobility mission  Col. Larry Martin says out of the $39 million available for Air Mobility Command, MacDill Secured $13 million because “we were ready”
  • 25. Energy Efficiency  Pinellas County Urban League won $1.5 million in weatherization money to upgrade homes  Recovery Act Weatherization Assistance has supported more than 200 jobs in Florida in the second quarter of 2010  Energy Efficiency and Conservation Block Grants to cities and counties, including new Hillsborough County Courthouse Real-Time solar panels at old county courthouse Solar Monitoring – 10/28/2010 9:23 am  Energy audits, building retrofits, reduce and capture greenhouse gases, new street lights, for government buildings  $18 million to Tampa Bay region
  • 26. Investing in Solar Energy  In Arcadia, President Obama announced $3.4 billion for “smart grid” energy  $267 million for Florida, including Lakeland, Miami and Tallahassee  DeSoto Next Generation Solar Energy Center creating jobs  University of South Florida involved in smart-grid work  Tampa-based Ultrasonic Technologies receiving $1.4 million to lower cost of photovoltaics  Solar energy is clean, plentiful and affordable  Focus on creating a clean energy economy
  • 27. COPS – Keeping Us Safe  $4.7 million to St. Petersburg Police Department, Bradenton PD and Manatee County Sheriff  Hire and retain 25 officers  Funding through Justice Department’s COPS initiative  Provide salaries, benefits for three years  Tampa also received FEMA grant for assistance to firefighters program
  • 28. PaperFree Florida  University of South Florida received $6 million  USF striving to be in forefront of electronic medical records initiative  PaperFree Florida creates jobs and reduces costly medical errors
  • 29. From the Experts  “I think we’ve gotten to a point where it’s a self-sustaining recovery.” - David Wyss, chief economist at Standard & Poor’s  “The U.S. recovery from the Great Recession continues, with business conditions improving.” - William Strauss, senior economist, Federal Reserve Bank, Chicago  “I feel more confident … there’ll be no relapse.” - Stuart Hoffman, chief economist, PNC Financial Services Group  “Consumers are showing extraordinary resilience. There’s a lot of pent-up demand out there that is now being unleashed. The whole supply chain system is now being revitalized.” - Bernard Baumohl, chief economist, Economic Outlook Group  “We would be in a measurably worse place if not for the stimulus. I don’t think it is any coincidence that the great recession ended at precisely the same time that the stimulus, and in this case when I say stimulus I am talking about the [American Recovery and Reinvestment Act] ….was providing its maximum economic benefit.” - Mark Zandi, chief economist, Moody’s Economy.com  “The weight of the evidence suggests that fiscal policy softened the impact of the recession, boosting demand, creating jobs, and helping the economy start growing again.” - James Surowiecki, The New Yorker
  • 30. Recovery Act at Work: More Jobs to Come  The Recovery Act has played an essential role in changing the trajectory of the economy. It has raised the level of GDP substantially in its first full year of existence and has saved or created approximately 3.3 million jobs. Johnnie Ruth Clarke Health Center Midtown St. Petersburg  The tax relief and income support provisions of the ARRA alone account for roughly half of the beneficial employment benefits. J.L. Young Apartment Complex, Tampa
  • 31. Additional Resources www.recovery.gov www.castor.house.gov www.flarecovery.com www.makinghomeaffordable.gov
  • 32. Tampa Bay’s Road to Recovery