Primary Objective To provide federal funds and tax breaks so as to stimulate spending and foster economic growth during this time of deepening recession. Stimulus Package Goals Breakdown Total package: 787 billion 499 billion: Transportation, infrastructure Health care, Housing and energy 288 Billion: Tax breaks Spending Breakdown Safety Net- About 60 percent of spending is for health care, social services and Housing. Education- About 18% of stimulus is for education, half of which is going to retaining teachers. Transportation 48.1 billion- For highways, bridges, rails and ports. Energy 43billion: Dedicated to reduce energy use, increase renewable energy sources, electric grid modernization, and research and development. Spending Breakdown Environment Spending 23.4 billion: EPA is provided with 16.4 billion for superfund sites , water treatment plants, and 6 billion for clean up of nuclear sites. Housing 14 billion: 3 billion for community block grants, 2.25 billion for low income home owners, 1.5 billion for homeless prevention, and 2.3 billion for rent subsidies. Communication 7.3 billion: The majority of this is going to broadband service. Science and energy 7 billion: Which goes to Department of Energy, National Science Foundation , NOOA, NASA , and 50 million for the National Endowment of the Arts. Ways to Access the Funding: Through State Agencies: FDOT sub allocations MPOs , FDEP, FDOE and Agency for Work force Innovations. Through federal Agency formula programs: Community Development Block Grant Program, Byrne Justice Assistance Grant Program, Emergency Shelter Grant Program, Energy Efficiency and Conservation Block Grant Program. Through federal Agency competitive grant programs: Neighborhood Stabilization Program, Economic Development Assistance, Community Oriented Policing Services Program, Brownfields , Fire Stations Construction. Tax Provision-Business Extension on Bonus Depreciation: The AARA extends the temporary benefits to 2009, which allows businesses to recover capitals expenditures made in 2008, only up to 50 percent of depreciable property. 5 Year Carry Back of Net Operating losses for Small Businesses- It is being extended from two years to five with gross receipt of 15 million of less. Small Business Capital Relief- Allows 75 percent exclusion for individuals on the gain from the sales of certain small business stock held for more than 5 years. Only effects after date of enactment. Incentives to Hire Unemployed Veterans and Disconnected Youth- ARRA two new targets : (1) Unemployed Veterans and (2) disconnected youth. Funding Distribution Majority of funding is distributed through existing federal funding formulas and programs. It is a one time infusion of existing operating programs. Funding is available for 2 years- beginning immediately and through September 2010. (Appropriations for 10 years) Not designed as recurring assistance. Caveats Estimates are preliminary and subject to change. Potential federal agency clarification of legislation could further revise the estimates. Many programs have specific eligibility periods and must be done program by program. Funds can not be used for casinos , gambling establishments, aquariums, zoos, golf courses or swimming pools. Accountability and Transparency Governor must certify investments that they are appropriate use of tax payers dollars. Grantees must submit quarterly reports detailing the us of funds to granting agency. Federal recovery website: www.recovery.gov State recovery website: www.flarecovery.gov City of Miami website: www.recoverymiami.com Funding Types Formula City of Miami eligible for formula funding Roads and Bridges - $10.6M Transit - $4.1M Justice Assistance Grant (JAG) - $2.5M Community Development Block Grant - $2.2M Emergency Shelter Grant - $3.3M Energy - $4.7M Funding Types Potentially eligible for these Competitive Grants COPS Hiring Recovery Program ARRA Brownfields Job Training Edward Byrne Memorial Competitive Grant ARRA Clean Diesel Finance Program ARRA Clean Diesel Funding Assistance Program Neighborhood Stabilization Program Assisted Housing Stability and Energy Green Retrofit Fire Stations (DHS) (Application deadlines between 4/09 and 2/11) What Stimulus means to non profits Before turning to general themes and specific points, community‐based nonprofits should consider a truth not spoken at the briefing but one that common sense and past experience support: Rather than diverting a lot of energy chasing after dreams of a pot of gold in the form of a federal grant that won’t exist for most nonprofits, review your organization’s past history of government funding. 1. If you haven’t received federal funds before, then you face an uphill battle trying to start now with fast‐moving stimulus funds. If you have received federal grants or contracts before, then your positive track record may position you to receive such funds again. So before expending a lot of energy worrying about how to get federal stimulus funds, first consider whether this route would be a wise use of your time. 2. Partner with State & Local Governments. When community‐based organizations receive government funds, it’s usually via state or local contracts or grants. So instead of seeking money directly from the federal government, consider whether you should focus your energy on partnering with state and local governments. Some of the federal funds to the states will require them to work with and through partnering nonprofit organizations. Source National Council of Nonprofits What Stimulus means to non profits Program: Establish a New Initiative to award capacity building grants directly to nonprofits Funding Agency: Department of Health and Humans Services Federal Funding: $100,000,000 Description: This program will expand the delivery of social services to individuals and communities affected by the economic downturn. How to Apply: The guidelines for the grant process will be established by the Secretary of Health and Human Services. More information can be obtained at www.hhs.gov and www.grants.gov. What Stimulus means to non profits Program: Innovation and Improvement Funding Agency: Department of Education Federal Funding: $200 million U.S. (Conference Report) Description: All the funding provided is for the Teacher Incentive Fund (TIF) program. This program supports efforts to develop and implement performance-based teacher and principal compensation systems in high-need schools. A high-needs school is defined as a school with more than 30% of its enrollment from low-income families which is based on eligibility for free or reduced priced lunches or other poverty measures permitted by the state. Local Education Agencies including charter schools that are LEA’s in the State may apply. How to Apply: Grants will be distributed by the federal agency. Visit http://www.ed.gov/fund/grants-apply.html?src=rt or http://www.ed.gov/programs/teacherincentive/index.html. What Stimulus means to non profits Program: Broadband Technology Opportunities Program Funding Agency: National Telecommunications and Information Administration, United States Department of Commerce Federal Funding: $4.7 billion U.S. (Conference Report) Description: Funding is being provided to state, county, local, and qualified nonprofits for the purposes of expanding broadband use to underserved areas, and to strategic institutions that will create jobs or provide significant public benefit. $200 million will be available as competitive grants for expanding public computer center capacity, and $250 million shall be available for competitive grants for innovative programs for sustainable broadband deployment. How to Apply: Grants will be distributed by the NTIA. Visit http://www.ntia.doc.gov/ or http://www.ntia.doc.gov/otiahome/top/grants/grants.htm. What Stimulus means to non profits Program: Violence Against Women Prevention and Prosecution Funding Agency: Office on Violence against Women Federal Funding: $225 million U.S. (Conference Report) Description: Funding for Violence against Women Prevention and Prosecution Programs will be available until September 30, 2010. $175 million is for the STOP Violence against Women Formula Assistance Program. $50 million is for transitional housing assistance grants. How to Apply: Grants will be distributed by the federal agency. State and local units of government, non-profit non-governmental victims’ services programs may apply. Visit http://www.ovw.usdoj.gov/stop_grant_desc.htm for STOP Violence Against Women program and http://www.ovw.usdoj.gov/thousing_grant_desc.htm for the transitional housing assistance grants. What Stimulus means to non profits Program: Serve America Act Funding Agency: AmeriCorps Federal Funding: $ 50,000,000 (fiscal year 2009), $ 360,000,000 (2009-2013) Description: The Serve America Act was passed in 2009. The goal of the Serve America Act is to create 175,000 volunteer positions by 2013. The program targets students, working adults, and retirees by greatly expanding the number of volunteer corps currently in existence. The program has a direct impact on nonprofits by creating opportunities for volunteerism in conjunction with nonprofits, and by creating innovative approaches to streamlining the cooperation between nonprofits, the government and private sector. How to Apply: Funds will be distributed via a combination of formula grants to states and competitive grants via http://www.learnandserve.gov/for_organizations/funding/nofa.asp. What Stimulus means to non profits Program: Grants and Administration Funding Agency: National Endowment for the Arts Federal Funding: $50 million U.S. (Conference Report) Description: Grant funding will be distributed in direct grants to fund arts projects and activities which preserve jobs in the nonprofit arts sector threatened by declines in philanthropic and other support during the current economic downturn. 40 percent of funds will be distributed to State arts agencies and regional arts organizations in a manner similar to the agency’s current process. 60 percent of the funds shall be for competitively selected arts projects and activities according to the National Foundation on the Arts and Humanities Act of 1965. How to Apply: Grants will be distributed by the State of Florida and by the federal agency to non-profit organizations. Visit http://www.nea.gov/grants/apply/index.html or http://www.arts.gov/news/news09/nea-announces-recovery-programs.html for more information. What Stimulus means to non profits Program: Youth Build Funding Agency: Department of Labor Federal Funding: $50 million Description: These funds will allow for expanded services for at-risk youth, who gain education and occupational credentials while constructing or rehabilitating affordable housing. How to Apply: These funds will be distributed through competitive grants through the Department of Labor. Grant information will be available as the Department of Labor administers the program at www.grants.gov. What Stimulus means to non profits Program: Community Service Employment for Older Americans Funding Agency: Department of Labor Federal Funding: $120 million Description: The Community Service Employment grants for older Americans are a community service and work based training program created in 1965. Through this program, older workers have access to the SCSEP services as well as other employment assistance available through the One-Stop Career Centers of the workforce investment system. The wages paid to these low-income seniors will provide a direct stimulus to the economies of local communities. How to Apply: Nonprofit organizations may apply. Current grantees will be provided with the additional funding directly from the Department of Labor. What Stimulus means to non profits Program: Math and Science Partnerships Funding Agency: National Science Foundation Federal Funding: $25 million U.S. (Conference Report) Description: The Math and Science Partnership (MSP) program is a major research and development effort that supports innovative partnerships to improve K-12 student achievement in mathematics and science. MSP projects are expected to raise the achievement levels of all students and significantly reduce achievement gaps in the mathematics and science performance of diverse student populations. How to Apply: Institutions of higher education, local K-12 institutions and their local partners may apply for these competitive merit based grants. Grants will be distributed by the federal agency. Visit: http://www.nsf.gov/funding/pgm_summ.jsp?pims_id=5756&org=NSF or www.grants.gov.
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