Recovery in Action: Addressing America's Immediate and Long-Term Needs
Posted byon July 09, 2009 at 07:09 PM EST
Vice President Biden highlighted both the short- and long-term investments provided by the Recovery Act this week, hosting conference calls with Mayors and County Executives from across the country on Monday and travelling to Ohio and New York today.
Speaking this morning from the American Can Building in Cincinnati, a formerly abandoned factory that is being converted to a multi-use economic development project with funds provided by the Recovery Act, Vice President Biden outlined how the Recovery Act is helping Ohio:
"Roads plus teachers plus cops plus jobs equals a community — and that equals paychecks and prosperity. In other words, it equals a better future right here in Southwest Ohio."
Later in the day in Saratoga County, he announced the release of over $275 million in unemployment insurance (UI) modernization funds authorized by the Recovery Act. Vice President Biden was joined in New York by Congressman Scott Murphy, who noted that in addition to addressing workers’ immediate needs by financing unemployment benefits, the Recovery Act is addressing the nation’s long-term needs as well:
"By improving our roads, bridges and water infrastructure, we are not only creating jobs in the short term, but building a base upon which we can attract businesses to our area and foster long-term economic growth."
For additional information on the Recovery Act, including breakdowns by category, state and agency, please visit Recovery.gov.
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