Wednesday, March 04, 2009

Economic Stimulus Package

By now most have heard about the enormous $780+ Billion dollar Recovery and Reinvestment Act of 2009, that was recently signed by President Obama. The measures are so enormous that it is difficult to understand precisely what is included in the package and how it will eventually affect nonprofit organizations and the people they serve. I am compelled to do my due diligence and understand where the funds will go, so I am taking the time to read the over 400 page stimulus plan.

At times, I would rather be curled up with John Grisham's latest novel or another great read, but want to try to understand how the organizations I work with will benefit from the money that will eventually reach the state and local levels.

Don Griesmann has already done a fabulous job of researching program areas that offer funds to community organizations in his blog article titled "24 Economic Stimulus Programs for Non Profits."

The Obama administration has also put together a nice website at Recovery.gov that gives details about the program and its expenditures. You can also read the legislation in full by clicking on the following link: http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills&docid=f:h1enr.pdf

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