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Recovery Act's One Year Anniversary -- 2009 Was Just the Opening Act
Date:2/17/2010

Onvia Releases Scorecard and Cumulative Spending Figures

Washington, DC (PRWEB) Feb. 17, 2010 -- A one-year scorecard on the American Recovery and Reinvestment Act prepared by government spending analysts at Onvia reveals 2009 was a start-up year, paving the way for huge impacts in 2010. Onvia is the leader in business-to-government solutions and the creator of Recovery.org, a private sector initiative to give businesses access to recovery contracts and projects.

Impact on Jobs in 2009: C+
536,500 jobs have been funded by contract spending in the year since stimulus passage. The majority of jobs funded to date are in the public sector, primarily teachers and public safety personnel. In 2010 Onvia expects more than 90% of the job creation to shift to the private sector.

Tracking job creation was a major challenge in 2009 due to the formulas used and reliance on recipients.

Spending Velocity in 2009: C
In 2009 just 25% of stimulus contract spending was awarded to the contractors and subcontractors that create jobs, with the bulk of the remainder cued up for award in 2010.

ARRA intended to utilize existing programs to speed funding to the marketplace to jumpstart job creation. However the time lag between announcement of Federal funding and actual spending/contracting at the local level has proven to be more protracted than expected.

Federal-Regional Alignment in 2009: C
With huge sums of federal money being spent nationwide, attention to regional attributes – such as pre-existing infrastructure and workforce skills – can allow agencies to make the best use of stimulus dollars. However disseminating funds through existing formula programs has not been optimized for this strategy. For example there has been no significant focus on distressed communities, or where best to make healthcare vs. energy vs. infrastructure inves
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Recovery Act's One Year Anniversary -- 2009 Was Just the Opening Act
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