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

tments. What works to stimulate economic growth in one region or sector can vary in another.

Transparency in 2009: B-
Although the stated intent was to track spending “down to the penny,” in reality ARRA did not require tracking beyond the first two tiers of stimulus distribution. Therefore the reporting is often provided by pass-through agencies that are not the final recipients of the money. With 65% of spending occurring below the first two tiers, the federal government does not have the visibility required to track every dollar awarded to contractors and subcontractors. Onvia’s approach is to track contract allocation, advertisement, and award data from 89,000 government entities daily. The company established Recovery.org in February of 2009 to give businesses transparency into recovery project spending.

Running Totals of Recovery Act Project Spending and Job Funding

BY END Q1 '09:
Allocated: $16,787,100,869; Advertised: $1,018,948,343; Awarded: $494,493,477
Totals: $18,300,542,689; Jobs Funded: 5, 370

BY END Q2 '09:
Allocated: $42,586,019,916; Advertised: $9,040,180,674; Awarded: $8,890,069,029
Totals: $60,516,269,620; Jobs Funded: 96,546

BY END Q3 '09:
Allocated: $56,174,200,019; Advertised: $17,611,039,800; Awarded: $28,982,845,282
Totals: $102,768,085,101; Jobs Funded: 314,754

BY END Q4 '09:
Allocated: $72,378,127,460; Advertised: $25,892,702,030; Awarded: $43,280,352,869
Totals: $141,551,182,359; Jobs Funded: 470,025

AS OF FEB 10 2010:
Allocated: $85,645,483,797; Advertised: $32,006,096,535; Awarded: $49,404,137,193
Totals: $167,055,717,525; Jobs Funded: 536,529

Source: Onvia

Potential Impact in 2010: A-
89,000 government entities in the United States will spend $5.5 trillion in 2010, nearly half of GDP and an all time high as a percentage of GDP. Competition will be fierce
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Source: PRWeb
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