The American Recovery and Reinvestment Act (ARRA) provided $787 billion in funding to promote spending and economic growth during the global recession. It funded “shovel-ready” projects and included tax credits and relief to state budgets. Economists were divided on its effectiveness. American Recovery and Reinvestment Act (ARRA) funds are funds allocated by the United States […]

The American Recovery and Reinvestment Act (ARRA) was passed in 2009 to stimulate the US economy by promoting spending and economic growth. The $787 billion funding was allocated to various agencies and initiatives, including tax credits, competitive grant programs, and direct relief to state budgets. Economists had mixed opinions on the effectiveness of the funding. […]