Recovery Funds Increase During First Quarter

Washington, D.C. – Congressman Sanford D. Bishop, Jr. (D-GA02) announced today that Georgia’s Second Congressional District has received $336,269,998 under the Recovery Act between February 17, 2009 and March 31, 2010. This amount represents a $62 million increase since December 31, 2009.

“The impact of the Recovery Act continues to be felt in every corner of Southwest Georgia,” said Congressman Bishop. “With these funds, we are creating new jobs and saving existing ones. We also are improving drinking water, constructing new roads, bolstering our rural health care infrastructure, strengthening our schools, and improving the quality of life for all of the residents of the Second Congressional District.”

Of this amount, 449 were grants totaling $288,677,108; 85 were contracts totaling $45,406,395; and two were loans totaling $2,186,500. All thirty-two counties in the Second Congressional District have received Recovery Act funds.

Congress passed the American Recovery and Reinvestment Act of 2009 on February 13, 2009 in direct response to the economic crisis. The legislation was signed into law on February 17, 2009. The Recovery Act has three immediate goals: to create new jobs and maintain existing ones; promote economic activity and invest in long-term growth; and encourage unprecedented levels of accountability and transparency in government spending.

The data, available at https://www.recovery.gov, is collected from reports submitted in April 2010 by recipients of federal contracts, grants, and loans awarded to date.

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