The results are in, the Recovery Act is working - it has helped keep us from the brink of the greatest economic crisis since the Great Depression, and it is laying the foundation for a new era of economic growth in the 21st century. After only one year, the Recovery Act is fully at already making a difference across the country saving and creating jobs for our families and providing growth opportunity for our businesses.
In New Jersey alone, more than $4 billion in funds have been awarded to finance thousands of innovative projects in the most important areas of our local economy- projects that range from transportation modernization and clean energy development to housing and urban initiatives. In addition, the federal government has awarded New Jersey's local governments millions in tax relief to further help our families and businesses and has provided financial resources to help crucial programs like Medicaid weather the budget shortfalls they have faced as a result of this crisis.
To read about some of these projects and success stories accross the states, click HERE. You can also view a complete list of grants our state has received so far HERE. Finally, I encourage you to see this video on how the Recovery Act is helping cities across the country HERE.
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