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American Recovery and Reinvestment ActRoad to Economic Recovery and Jobs for Tampa Bay Area and You

Florida’s District 11 – Tampa Bay’s Economic AnchorPopulation:639,295Median Household Income:$33,559Tampa 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 DistrictsFebruary Unemployment Rates:Florida: 11.5% Tampa Bay Area: 11.5% National: 8.9%

American Recovery and Reinvestment Act in Tampa Bay

“But thanks to the federal economic stimulus package, [Muquit] Usama and his workers have been busy rehabilitating public housing complexes throughout Tampa.”- St. Petersburg Times, Feb. 20, 2010American Recovery and Reinvestment ActThe Recovery Act aims to create and save 3.5 million jobs in response to the unparalleled economic crisis of our generationThe 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 millionLargest part of Recovery Act is tax cuts: Gave 95 percent of Americans an immediate tax cut Second largest part: Direct support to states and individualsFinal third: Community investments in transportation, infrastructure, clean and renewable energy, health care, education, housing and more

Tax Relief for Families and BusinessesMaking 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 FamiliesTax bills for families in 2009 at the lowest level since 1950 under President Harry Truman98 percent of families saw their taxes decreaseAverage tax refunds were up 10 percentThe historic tax cuts for middle-class families are putting money back into their wallets at a time they need it most

Helping Small BusinessesRecovery Act targets $15 billion in tax relief to small businessesEstablishes tax credits for small-businesses hiring, recently discharged vets and out-of-work youthRecovery Act will generate $21 billion in new lending and investment for small businessesProvides direct, interest free loans of $35,000 – emergency lifeline for established but struggling small businessesMakes loans less expensive

What does this meanfor Tampa Bay Area?JOBS, JOBS, JOBS

Tampa Bay Area Schools, Students Benefit from Recovery MoneyFlorida has received more than $4 billion for education$700 million to Florida for Race to the TopUSF, HCC students received $25 million in Pell GrantsHillsborough County Schools$17.5 million for Title I $22 million for IDEAPinellas County Schools$21 million for Title I $15 million for IDEARecovery Act saved and retained approximately 800 jobs in Pinellas and 1,500 in Hillsborough“I don’t know how we would have been able to open schools without the stimulus money.” – Julie Janssen, Pinellas SuperintendentIt “went straight to keep our heads above water.” – MaryEllen Elia, Hillsborough Superintendent

Head StartRecovery Act invests in early childhood educationHillsborough:$12 millionPinellas: $802,000Lutheran Ministries’ Head Start: $86,000

“New Building Inspired by Jazz Legend”Ch. 13, March 21, 2011Housing and Community DevelopmentMore than $100 million to Tampa Bay regionTampa Housing Authority received $38 million to revitalize downtown Central Park while creating jobs, in addition to funding for to renovate other housing complexesNeighborhood Lending Partners received $50 million for housing initiatives in Pinellas and Pasco countiesRedevelop hard-hit communities, create jobs, purchase and rehabilitate vacant homesPinellas County received $1.3 million to provide short-term rental assistance to those who have become homeless or are facing homelessnessTampa received more than $1 million for CDBG for community centersAdditional $74 million for homeless assistance grants throughout Tampa Bay

I-4/ Crosstown ConnectorBreaks Ground Tampa Bay Business Journal, April 9, 2010Transportation – I-4/ Selmon Crosstown Connector$105 millionCreates almost 13,000 jobsProvides vital relief to Tampa Port and local businessesPort of Tampa poised for economic expansion

The Miracle on U.S. 19 St. Petersburg Times, June 14, 2009Transportation – U.S. 19 and More$45 million in Recovery Act funds for U.S. 19Will 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 PSTAHART 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 appropriationBus stop shelters and benches$15 million for Pinellas Suncoast Transit Authority for capitol projects and operatingHybrid-electric replacement buses, real-time bus information, and passenger amenities

Stimulus Funds to Help St. Petersburg-Clearwater Airport’s Terminal BuildingTampa Bay Business Journal, April 9, 2009Transportation – Our Region’s Airports$16 million for Tampa International Airport includes funding for security enhancements and runway workCreating hundreds of jobs$5.4 million for St. Petersburg-Clearwater Airport for terminal renovations and improvementsExpected to create or retain 44 jobs

How Tampa Leads the NationSource: New York Times/ July 9, 2009

High-Speed RailMore than $2.6 billion was directed to Florida for high-speed railWould have created more than 20,000 jobsCivic, business and elected leaders worked together to save HSR and fought to keep these jobs in FloridaGov. Scott killed the initiativeRally in Tampa toSupport High-Speed RailTBO.com,Feb. 18, 2011

Community Health Centers$13 million to Tampa Bay areaCreates jobs for doctors, nurses and other medical professionalsAllows centers to serve more patientsConstruction money allowed Community Health Centers of Pinellas to open Women’s Health CenterNew community health center open in East TampaNew clinic opened in North TampaManatee County Rural Health Services adding exam rooms and hiring medical professionals

Research – Tampa Bay’s High-Wage Jobs of the FutureSignificant competitive research grants through NIH and NSF$25 million awarded to Moffitt Cancer Center, supporting more than 400 jobsMoney will support cancer research and M2Gen partnership with MerckMore than $24 million to University of South Florida for research and to hire facultyCollege of Marine Science researchers received grants to better understand and monitor climate change and environmental damageCompeting for more grant moneySRI received almost $500,000 for research“There is no question that USF, that the stabilization funding, stopped a horrible year of cutting positions and cutting people.” – USF Vice President Michael Hoad

Tampa Bay’s Ports – Our Vital Economic EnginesTampa port awarded $2.2 million federal stimulus grant to rebuild berthTampabay.com Aug. 25, 2009 $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 RepairRiverhawk Marine, Diversified Marine Tech, Port of Tampa benefit

$1 million for Port security at Port ManateeTampa Bay’s Water InfrastructureCity of Tampa received $23 million low-interest loan and $2.5 million grant, which will create 125 jobsCity replacing aging water pipes downtown and on Davis Islands$3 million loan to Oldsmar to build a new water treatment plantPromotes reliable infrastructure, clean and healthy Tampa Bay

MacDill Air Force BaseMore than $12 million for repairs and improvements to the runway and sinkhole mitigationRunway 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 missionCol. Larry Martin says out of the $39 million available for Air Mobility Command, MacDill Secured $13 million because “we were ready”

Pinellas County Urban League Helps Create New JobsWeekly Challenger, September 10, 2010Energy EfficiencyPinellas County Urban League won $1.5 million in weatherization money to upgrade homesRecovery Act Weatherization Assistance has supported more than 200 jobs in Florida in the second quarter of 2010Energy Efficiency and Conservation Block Grants to cities and counties, including new solar panels at old county courthouseEnergy audits, building retrofits, reduce and capture greenhouse gases, new street lights, for government buildings$18 million to Tampa Bay regionHillsborough County Courthouse Real-Time Solar Monitoring – 10/28/2010 9:23 am

Investing in Solar EnergyIn Arcadia, President Obama announced $3.4 billion for “smart grid” energy$267 million for Florida, including Lakeland, Miami and TallahasseeDeSoto Next Generation Solar Energy Center creating jobsUniversity of South Florida involved in smart-grid workTampa-based Ultrasonic Technologies receiving $1.4 million to lower cost of photovoltaicsSolar energy is clean, plentiful and affordableFocus on creating a clean energy economy

COPS – Keeping Us SafeStimulus Money To Allow Hiring of Tampa Bay OfficersSt. Petersburg Times, July 28, 2009$4.7 million to St. Petersburg Police Department, Bradenton PD and Manatee County SheriffHire and retain 25 officersFunding through Justice Department’s COPS initiativeProvide salaries, benefits for three yearsTampa also received FEMA grant for assistance to firefighters program

PaperFree FloridaUSF Ready to Hire for Medical Data Project St. Petersburg Times, April 14, 2010University of South Florida received $6 millionUSF striving to be in forefront of electronic medical records initiativePaperFree 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 YorkerRecovery Act at Work: More Jobs to ComeThe 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.The tax relief and income support provisions of the ARRA alone account for roughly half of the beneficial employment benefits.Johnnie Ruth Clarke Health CenterMidtown St. PetersburgJ.L. Young Apartment Complex, Tampa

Additional Resourceswww.recovery.govwww.castor.house.govwww.flarecovery.comwww.makinghomeaffordable.gov

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American Recovery and Reinvestment Act in Tampa Bay

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American Recovery and Reinvestment Act in Tampa Bay