The financial challenges facing our nation today are translating into some tough times for many families, businesses, and communities. The SRDC is committed to highlighting important information in the following resource areas:
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Loading...- Govs feel the weight of wielding budget ax - February 9, 2010 - Even for governors sounding the alarm about unbalanced budgets, the act of getting their states back in the black is easier said than done. More…
- Stimulus funds for jobless? - February 8, 2010 - It said the Omaha trucking firm’s unemployment insurance rates were doubling, and that it would cost Hill $45,000 more this year to help finance the state-managed fund that pays out unemployment benefits. More…
- With Federal Stimulus Money Gone, Many Schools Face Budget Gaps - February 7, 2010 - Federal stimulus money has helped avoid drastic cuts at public schools in most parts of the nation, at least so far. But with the federal money running out, many of the nation’s schools are approaching what officials are calling a “funding cliff.” More…
- Recovery Data to Get a Checkup - February 4, 2010 - This past weekend, the government’s stimulus Web site, Recovery.gov, released its second big batch of data on stimulus projects. But be careful: That data, which includes tidbits such as award amounts and jobs information, is not the final version. Recipients have until Feb. 8 to make changes to the information they submitted. During that time, the folks at the Office of Management and Budget will be doing some data checks as well. More…
- One-Third of Stimulus Money Spent - February 3, 2010 - The Obama administration has passed the one-third mark in getting last February’s stimulus dollars out the door, according to the latest numbers from Recovery.gov. That figure includes $176 billion in spending, and an estimated $93 billion in tax relief. More…
- At Issue: Counting the Jobs Created - February 1, 2010 - As the Obama administration begins talking to Congress about a new jobs bill, it is still having trouble saying with precision how many jobs have been spurred so far by last year’s effort, the $787 billion stimulus package that was designed to create or save 3.5 million jobs over two years. More…
- Obama budget sends more help to states, cities - February 1, 2010 - President Barack Obama proposed on Monday sending more financial help to U.S. states and cities, as the economic stimulus program that gave local budgets emergency life support enters its final year. More…
- Stimulus created 600,000 jobs at the end of 2009, White House says - February 1, 2010 - The Obama administration's economic stimulus program created nearly 600,000 jobs in the final three months of 2009, a figure in line with the administration's goals for job creation through the end of 2010, the White House reported Saturday night. More…
- Sec. Vilsack Lists 6 Approaches for Rural Economy - February 1, 2010 - U.S. Ag Secretary Tom Vilsack wrote a long op-ed for the Des Moines (Iowa) Register where he outlined "six approaches" for improving rural economies. "Rural America needs to be renewed," Vilsack wrote, and thinking of the economy regionally (instead of town to town or county to county) is the key. "The framework of the new effort recognizes that the rural economy of tomorrow will be a regional economy," Vilsack wrote. "No one community will prosper in isolation." More…
- Auto Manufacturing Areas Suffer Largest Job Losses - February 1, 2010 - When you compare the unemployment rates in November of 2007 to November of 2009, you'll see that only 25 rural counties in the U.S. had declining rates. Everybody lost employment, but some places lost a lot more than others. More…
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About the American Recovery and Reinvestment Act of 2009
- Complete American Recovery and Reinvestment Act of 2009 [PDF]
- Ensuring Responsible Spending of Recovery Act Fund [PDF] - Memorandum from the President for the Heads of Executive Departments and Agencies
The Legislation
- Accessing Federal Stimulus Dollars: A Guide for Local Governments - The Ferguson Group will provide periodic updates to the American Recovery and Reinvestment Act. These continuing alerts will give you up-to-date information from the Federal agencies as that information is released on the various programs funded in the economic stimulus legislation.
- American Recovery and Reinvestment Act of 2009: State-By-State Estimates of Key Provisions Affecting Low- and Moderate-Income Individuals - The Center on Budget and Policy Priorities provides state-by-state estimates for a number of the major spending and tax provisions that will affect low- and moderate-income Americans.
- Federal Transit Administration - This site discusses the transit formula program related provisions of the ARRA and provides program and grant application requirements for these funds, to be made available through Federal Transit Administration (FTA) assistance programs.
- Get Your Hands on Stimulus Money - Gus Ezcurra, CEO of Advanced Telemetry, explains how business owners can take advantage of the stimulus bill's energy rebates.
- Helping Small Business Start, Grow and Succeed, Q&A for Small Business Owners [PDF] - Business questions answered about the ARRA by the U.S. Small Business Administration
- How the 2009 Federal Stimulus Package Will Affect Agriculture - The University of Minnesota Extension discusses tax cuts and spending programs related to agriculture and presents related sources.
- Information Related to the American Recovery and Reinvestment Act of 2009 - In order to help Appalachian communities find information on ARRA grant opportunities, the Appalachian Regional Commission staff has identified links to agency postings that may be of interest to economic and community development leaders and organizations in Appalachia.
- No Small Change: The Stimulus Package and Its Impact - Patton Boggs Analysis of the American Recovery and Reinvestment Act of 2009
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No Small Change Part II: Distribution of Federal Competitive, Discretionary, and Formula Funding - Patton Boggs Analysis of the American Recovery and Reinvestment Act of 2009
- Recovery.gov - Recovery.gov is the main vehicle for finding out how taxpayer dollars are being spent to rejuvenate our economy.
- Southern Education and The American Recovery and Reinvestment Act [PDF] - An Analysis of Historic Federal Funding to Improve the South’s Low-Achieving Schools
- Strategies for Education Leaders to Obtain Stimulus IT Funding - If you are managing IT at an educational institution, you are trying to understand the best and most valuable way to benefit from the American Recovery and Reinvestment Act (ARRA). There are dozens of provisions in the act - which ones match up best with your organization’s goals? This webcast will help Education leaders answer these questions, and understand how technology can both further their organization’s overall mission and fit into the provisions of the ARRA.
- Stimulus Bill Provisions for Rural Communities - President Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA), the stimulus bill, on February 17, 2009. It is intended to jumpstart the nation’s economy, create or save jobs, and address other economic challenges. We discuss the most promising programs for rural communities and farmers and ranchers in this article.
- Stimulus Funds Can Renew Rural Communities - In this issue you can read about many of the funding opportunities available in the federal stimulus bill. Tapping these programs at the local and regional level can provide new opportunities for rural community revitalization, but the key to unlocking the full potential of the stimulus bill is creative and innovative uses of the available funds.
- Stimulus Legislation Community Resource Guide - Find summaries and copies of the full legislation, as well as copies of provisions and summaries of the broadband provisions, Health IT provisions, and science and technology provisions.
- Stimulus Stings Some Businesses - When Congress approved the Obama administration's economic stimulus package in February, a little-known provision aimed at easing the pain of healthcare costs for laid-off workers triggered a financial affliction for business owners.
- Top Small-Business Questions about the Economic Stimulus Package - The American Recovery and Reinvestment Act of 2009 provides tax relief for American workers, but raises questions for many small-business owners about how to make the changes required under the new law. To help business owners comply with provisions of the $787 billion stimulus package, payroll-tax experts from Paychex, Inc.—a leading provider of payroll, human resource, and benefits outsourcing solutions for small-to-medium-sized businesses—have identified six top questions about the law from the company’s small-business clients.
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Understanding the Stimulus Package - We in the Mid South have an unprecedented opportunity to access hundreds of millions of dollars in stimulus funds to improve the region’s economy. Information is key to understanding who and which programs are eligible to access these funds. This page will pass along important links and information on what the act is, how to access funding, and how the money is being used.
- Broadband Technology Opportunities Program - The U.S. Congress has appropriated $4.7 billion to establish a Broadband Technology Opportunities Program for awards to eligible entities to develop and expand broadband services to unserved and underserved areas and improve access to broadband by public safety agencies.
- Focus on the Economic Crisis by the Foundation Center - View maps to see which areas are receiving funding as well as funders in your area with specific interests from community and economic development to food assistance.
- Grants for Rapid Response Research (RAPID) - The RAPID funding mechanism is used for proposals having a severe urgency with regard to availability of, or access to data, facilities or specialized equipment, including quick-response research on natural or anthropogenic disasters and similar unanticipated events.
- In Their Own Words: 2009 Foundation Giving Forecast - View list of foundations that have publicly announced their plans for how they will respond to the economic crisis.
- Recovery Act Opportunities on Grants.gov - Find Recovery Act opportunities and view granter agency recovery site.
- Rural Business Enterprise Grant Program Notice (RBEG) - This notice announces the request for grant applications from units of State, tribal or local government, land-grant colleges, universities, or other institutions of higher education (including 1994 Land Grant (Tribal Colleges) and 1890 Land Grant Colleges and Historically Black Universities), rural electric cooperatives, and public power entities to provide energy audits and renewable energy development assistance for agricultural producers and rural small businesses. Due date is June 9, 2009.
- UK’s Overview of ARRA Funding Opportunities - The University of Kentucky has linked to ARRA grant opportunities by federal agency.
- USDA Seeks Applications Seeks Applications For Grants To Repair Rural Housing - Agriculture Secretary Tom Vilsack announced today that USDA is accepting applications for grants to help low- and very-low-income rural residents repair their homes.
- Everyday Democracy - Ideas and Tools for Community Change
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Kettering Foundation - The Kettering Foundation works on strategies to strengthen democracy.
- Public Deliberation Resources - Expanding Engagement through Public Deliberation and Action.
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Business.gov - The Office Business Link to the U.S. Government
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Business Retention and Expansion Course - Ongoing training to help support existing business develop and expand in today's global economy.
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Entrepreneurs & Their Communities - Featured articles, activities, and Webinars for
entrepreneurs and small business owners.
- Focus on the Economic Crisis - The Foundation Center’s resource for responding to the economic crisis
- National e-Commerce Extension Initiative - Helping people, small businesses, and communities adopt technology.
- The Right Way to Handle Layoffs - On paper, cutting staff can make sense. In practice it's a painful process that, if poorly executed, can hamstring turnaround efforts
- Sales Strategies in an Economic Downturn - First and foremost stay calm and don't panic! Recessions and economic downturns have occurred before. Prepare now to position yourself and your business to benefit from the eventual and inevitable climb back to success.
- Surviving in a Down Economy - Courses available from the U.S. Small Business Administration
- Upward Communities - Exploring viable opportunities for low-wealth communities in the Delta
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10 Warning Signs of Predatory Lending - The Mortgage Bankers Association provides questions to make sure you're not being misled about your mortgage loan.
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Answers for Managing Tough Times - Learn to make hard choices during tough times. Find answers from reliable resources and experts backed by research at Iowa State University Extension’s new Web site “Managing Tough Times.”
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eXtension Financial Crisis Community Page - The Financial Crisis has been identified as a timely issue for special attention and content collaboration across eXtension's subject matter specialists.
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Financial Crisis - News and publications related to financial crisis from Purdue University’s Department of Agricultural Economics.
- Financial Security for All - A resource area on personal finance.
- Financial Security: Managing Money in Tough Times - More Americans feel added stress and anxiety about their financial future as talk of rising consumer debt, falling housing prices, rising costs of living, and declining retail sales bring up worries about the nation’s economic health.
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A Guide to the Recent Financial Crisis - Colorado State University Libraries presents a guide to the recent financial crisis in the U.S.
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Helping Friends Cope with Financial Crises [PDF] - Montana State University Extension presents this guide on understanding how to reach out to a friend experiencing a financial crisis can help you assist them during their time of need. Knowing what resources are available can prepare you to help your friend. And being aware of signs of depression can alert you to a friend’s need for professional help.
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If You Can't Pay Your Bills - The cost of living is increasing, yet the buy-now/paylater syndrome, greater expectations, higher standards of living, and sloppy buying habits are all contributing to a large number of Alabamians finding themselves in financial trouble. If you are one of these and feel that matters are getting beyond your control, don’t despair. There are several things you can do.
- Managing Money in Tough Times - Texas A&M AgriLife Extension Web page
- Money Management Calendar 2009 - Good money management skills should become habitual. The money management calendar is a resource that can help build and improve your budgeting skills. Begin today using this calendar to list your fixed, occasional, and flexible expenses. You will immediately be able to determine your comfort level with using a budget.
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Moneywise: Decision-Making in Today’s Economy - University of Kentucky Cooperative Extension Service’s Web site designed to help people make informed financial choices.
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Rip-offs and Fraud Cost Money - Rip-offs and fraud are unscrupulous ways to separate people from their hard-earned money. Many consumers are unaware of deceptive tactics that exist in the marketplace. Being a savvy consumer means more than just knowing how to find a good bargain. It also means consistently recognizing fraud and knowing how to avoid a bad deal.
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Thriving in Challenging Times - Alabama Cooperative Extension System’s active blog addressing the economic downturn.
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Thriving in Challenging Times: The Road Head - Designed as a road map to help you find your way through challenging economic times, this 28-page publication is based on information written for the ACES Web front page Thriving in Challenging Times blog. It is packed with practical tips about shopping on a limited budget, managing and overcoming debt, keeping yourself and your family physically and emotionally healthy, and saving on energy costs. The emphasis is on the basics: caring for yourself, safeguarding your family, and facing up to the challenges many people encounter along the way to recovery.
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Thriving In Today's Times - The South Dakota Cooperative Extension Service offers a variety of services and resources to help individuals and families manage their resources. This site offers references to Web sites , publications, and a variety of information backed by research for planning meals, family relations, home conservation, community resources, and more to help you manage your family's resources in these tough times.
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The 2008/2009 World Economic Crisis: What It Means for U.S. Agriculture – The Economic Research Service reports that so far, the overall impact on U.S. agriculture is not as severe as on the broader U.S. economy because the record-high agricultural exports, prices, and farm income in 2007 and 2008 put U.S. farmers on solid financial ground.
- Community Response to the Foreclosure Crisis: Thoughts on Local Interventions [PDF] - Dan Immergluck, a visiting scholar in Community Affairs at the Federal Reserve Bank of Atlanta, shares the range of responses to the foreclosure crisis in which local organizations have been engaged in recent years.
- Economic Crisis 2008: What Should Rural Oklahoma Expect [PDF] - Oklahoma State University Agricultural Economics Rural Development presents data on real estate, retail sales, labor statistics and energy prices.
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Economy at a Glance - Summary of leading economic indicators.
- Entrepreneurs and Recessions: Do Downturns Matter? - In this study, Kauffman Foundation Senior Fellow Paul S. Kedrosky presents findings from collecting and analyzing data to find out how economic conditions impact startup success.
- Findings from a National Survey & Focus Groups on Economic Mobility - In the midst of an historic economic crisis, Americans insist that despite the recession it is still possible for people to improve their economic standing, and most believe that they control their economic destiny.
- Food, Housing or Health Care: Latino Immigrants Face Quandary, Research Shows - Do you feed the family, or pay the rent or medical bill? That’s reality for many Latino immigrant families in Iowa. Data from the multi-state Rural Families Speak project show the tough choices these families face as they figure out how to stretch their limited incomes to cover food, housing and health care costs.
- Is Rural America Facing a Home Price Bust? [PDF] - The Federal Reserve Bank of Kansas City discusses the rural housing market.
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Overview of the U.S. Economy: Perspective from the BEA Accounts - BEA produces some of the most closely watched economic statistics that influence decisions of government officials, business people, and individuals. These statistics provide a comprehensive, up-to-date picture of the U.S. economy. The data on this page are drawn from featured BEA economic accounts.
- Rural Broadband at a Glance, 2009 Edition - This Economic Information Bulletin, produced by the Economic Research Service, discusses the size and growth of U.S. Internet use and connectivity.
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A Special Report on Entrepreneurship - Below is a series of articles on entrepreneurship from The Economist
- The Entrepreneurial Society Better, on the Whole, Than Managed Capitalism
- Global Heroes: Despite the Downturn, Entrepreneurs Are Enjoying a Renaissance the World Over
- An Idea Whose Time Has Come: Entrepreneurialism Has Become Cool
- Lands of Opportunity: Israel, Denmark and Singapore Show How Entrepreneurialism Can Thrive in Different Climates
- Magic Formula: The Secrets of Entrepreneurial Success
- The More the Merrier: India and China are Creating Millions of Entrepreneurs
- Saving the World: Entrepreneurs Are Trying to Do Good as Well as Make Money
- The United States of Entrepreneurs: America Still Leads the World
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Stateline’s Recession & Recovery site - Read the latest news, analysis and research on the economic crisis in the states from Stateline.org and the Pew Center on the States, plus top headlines from around the country.
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Stimulus and the States - The enormity and complexity of the federal stimulus program weigh heavily on cash-strapped states, which are required to keep track of numerous deadlines and reports for the $49 billion of recovery funds flowing into their coffers this year. Follow how states are managing the stimulus and see which programs are receiving these funds.
- Through Boom and Bust: Minorities, Immigrants and Homeownership - The boom-and-bust cycle in the U.S. housing market over the past decade and a half has generated greater gains and larger losses for minority groups than it has for whites, according to an analysis of housing, economic and demographic data by the Pew Hispanic Center, a project of the Pew Research Center. More…
- Transportation Challenges of Rural America [PDF] - Testimony to the House Appropriations Committee Subcommittee on Transportation, Housing and Urban Development on March 12, 2009


