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The American Recovery and Reinvestment Act of 2009 - more commonly referred to as the economic stimulus package - is not government as usual.
I have never seen a bill as Web-based as this one, said Pembroke Consulting's Adam Fein in a recent MDM Webcast, "Economic Stimulus Package: Impacts & Opportunities for Distributors."
A big shift is the transparency being required of all the involved agencies - from cities and towns all the way up the channel to the federal government. Every detail of how the $787 billion will be spent is supposed to be made available, in advance, to the general public.
"What that means is that we have an unprecedented ability to track specific funding initiatives and specific projects," Fein said.
Details are already emerging. The U.S. General Services Administration today announced plans to allot $300 million in ARRA funds for the purchase of energy-efficient and alternative fuel vehicles for use in the federal fleet.
The Department of Defense has also released a plan, detailing how money allotted to them will be used for the renovation, repair and construction of facilities in the U.S., Fein said.
Every agency handling money from the ARRA will have to do the same, so be on the lookout for plans that will impact you.
Want to hear more of Fein's analysis of the Economic Stimulus Package? Click here to order a DVD of the Webcast."