PHILADELPHIA, May 11, 2009 – The City of Philadelphia’s Philadelphia Recovery website went live this morning – a one-stop-shop for all information relating to Philadelphia and the American Recovery and Reinvestment Act 2009. Philadelphians can visit http://www.phila.gov/recovery to see which pots of money the City is applying for, which projects will get up and running, and how they and their families can benefit from the largest single domestic spending program in U.S. history.
“The Recovery Act is designed to put people to work, to help families in Philadelphia, and to do it quickly,” said Mayor Nutter. “We are committed to making all recovery information available on this website so that you can follow exactly how we are using every dollar of this unprecedented investment.”
The website will be updated regularly to provide current and comprehensive information on all details related to the City’s use of federal stimulus funds and the impact of the funding on Philadelphia. The Recovery Act represents a number of separate funding opportunities for which the City of Philadelphia is directly eligible, either by formula or competitive grant. In addition, grants to other local governments and authorities, which will be spent in and on Philadelphia, are significant and will benefit the city.
For each of the funding opportunities contained within the Recovery Act – whether formula or competitive – the City must identify exactly what projects and initiatives it will pursue with this funding. The federal agency or department responsible for administering the funding stream must then evaluate the proposals according to the established eligibility criteria. This also includes a commitment to complying with strict reporting and accountability requirements. Information on all of these funding streams is being made available on a daily basis and this site will be updated regularly as further information becomes available.
The Recovery Act is a one-time stimulus, with funding flowing almost exclusively to existing programs and “shovel ready” construction projects. Almost all of the Recovery dollars that come to the City do not relieve our General Fund budget, either because they have rules that prevent us from using them to replace City dollars or because they are competitive grants and we cannot plan on receiving the funds for budget planning purposes.
Mayor Nutter unveiled the new website Mayor Nutter at “Recovery 101,” an event co-sponsored by the Commerce Department, Sustainable Business Network, and Small Business Administration at the Community College of Philadelphia. “Recovery 101” is the first in a series of events intended to inform Philadelphia’s small businesses of the opportunities that will be made available due to new resources from the American Recovery and Reinvestment Act.
Today’s event was organized to educate attendees on the steps they can take now to place themselves in the best position to compete for federal procurement opportunities and access SBA loan programs. In addition, panelists provided information on the best ways to increase energy efficiency to reduce business operating costs, as well as opportunities to access workforce training resources.
Further events in this series will be scheduled over the coming months to provide timely specifics on programs and contracts as additional information becomes available. Check http://www.phila.gov/recovery for further details.