Tuesday, July 27, 2010

Stimulus: Freeway construction in Orange County is expected to create 5,000 jobs

“Construction gets under way soon on one of the largest construction projects in Orange County in recent years.   The $328-million West County Connectors project will directly connect car-pool lanes on the 405, 605, and the 22 freeway.

 The project crosses the cities of Garden Grove, Westminster, Seal Beach, Los Alamitos and the community of Rossmoor. Although construction starts in August, lane closures are not scheduled until the end of the year. 

OCTA spokesman Joel Zlotnik said the project is expected to create more than 5,000 jobs. 

Stimulus: Santa Clara Co. County to Feed Thousands of Children with ARRA funds

The County of Santa Clara Social Services Agency is leveraging federal stimulus funding by implementing a Summer Nutrition program that will feed over 4,000 low-income children this summer, when schools are closed and feeding sites are limited.

The County estimates that it will spend over $5,346,000 in federal Temporary Assistance for Needy Families TANF Emergency Contingency Funds, provided through American Recovery and Reinvestment Act (ARRA) funds to subsidize the Summer Nutrition Program.

"Unlike school, hunger does not take a break," said County of Santa Clara Board of Supervisors President Ken Yeager. "Thanks to American Recovery and Reinvestment Act Funds we can assist parents who are struggling to provide a basic necessity to their families."

Terra-Gen kicks off world's largest wind power site

LOS ANGELES, July 27 (Reuters) - Terra-Gen Power LLC broke ground on Tuesday on what is slated to become the world's largest wind-power project, banking on U.S. efforts to reduce emissions and expand renewable energy use in coming years.

Wind power had been one of the fastest growing sources of power generation before the financial crisis, which squeezed funding. But the U.S. Treasury Department helped bankroll some 150 renewable energy projects with a portion of the $787 billion American Recovery and Reinvestment Act of 2009, doling out at least $1.5 billion in grants for wind initiatives.

Stimulus:Frank-Lin Distillers, Fairfield state-of-the-art facility generates jobs

The San Francisco Bay Area city of Fairfield, California announces it has closed its bond financing for the Frank-Lin Distillers Products Ltd., construction project. Proceeds of this bond were used to finance the construction of a $34 million, 288,000-square foot building on 15 acres in the Tolenas Industrial Park. Frank-Lin was the first completed Recovery Zone Facility Bond project in California to go through the state reallocation process.  The Recovery Zone Facility Bonds are made available under the American Recovery and Reinvestment Act
"The Frank-Lin Distillers Project is a perfect example of what the Recovery Zone Bond Program was designed to do," says Sean L. Spear, executive director of the CDLAC.  "A brand new commercial facility is brought to Fairfield; creating jobs and helping to improve the operations of an important California business.  CDLAC is proud to have provided the additional bond allocation that the project needed to get started."

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