NYC Economic Recovery Headlines

USDOL Issues More Guidance for Local Spending of WIA Recovery Act Funding (3/18/09) -The U.S. Department of Labor’s Employment and Training Administration released another guidance letter on Wednesday providing further advice to local workforce areas on how they should implement Workforce Investment Act (WIA) and Wagner-Peyser Act funding that they will soon receive under the American Recovery and Reinvestment Act (ARRA). Read full text here.

US DOL RELEASED INITIAL GUIDANCE ON WIA FUNDS (3/4/09) - ARRA implementation is in high gear with federal agencies moving projects forward at an unprecedented rate.  U.S. Department of Labor’s Employment & Training Administration released an update on Thursday of WIA and related programs.  The memo released by Deputy Assistant Secretary Douglas Small called on the workforce development system to act “expeditiously and effectively, with full transparency and accountability of our expenditure of funds.”  Read the full memo here.

HERE IS WHAT WE MEANT - SENATORS CLARIFY WIA LANGUAGE IN ARRA - Senators Harkin, Murray and Stabenow clarified the intent of the Workforce Investment Act formula grants in the American Recovery and Reinvestment Act in a discussion in the Senate Chamber. The Senators said the intent of the WIA formula grants for Adults and Dislocated Workers should be used to serve certain priority populations, such as those with low incomes and those with multiple barriers to employment, including older workers, those with low skill levels, and individuals with disabilities. The grants should also focus on helping individuals obtain the education, skills training and support services they need to obtain jobs in high demand occupations, specifically those in the green jobs and healthcare sectors. Read full text here.

MAYOR BLOOMBERG OUTLINES 11 INITIATIVES TO SUPPORT NEW YORK CITY'S FINANCIAL SERVICES SECTOR AND ENCOURAGE ENTREPRENEURSHIP -Programs Will Help Retain and Grow Financial Companies and Institutions in New York City and Promote Business Innovation through Entrepreneurial Activity. Learn more here   

NEW YORK INVITES PROPOSALS FOR ECONOMIC STIMULUS FUNDING - The American Recovery and Reinvestment Act provides a number of avenues for governments, organizations and other entities to receive funding for programs meant to create jobs and boost the economy. If you are interested in receiving funding for a program and would like to submit a proposal. Click Here

HUD ALLOCATES MORE THAN $10 BILLION OF RECOVERY ACT FUNDING ONE WEEK AFTER BILL SIGNING - The U.S. Department of Housing and Urban Development (HUD) today allocated nearly 75 percent of its funding, or $10.1 billion, made available through the American Recovery and Reinvestment Act of 2009. The Recovery Act includes $13.61 billion for projects and programs administered by HUD, 75 percent of which was allocated to recipients today - only one week after President Obama signed the Act into law. The funding announced today is primarily formula-based, meaning that it is allocated using set program criteria that do not require grantees to apply for the funds, allowing them to be allocated very quickly. The remaining 25 percent of the funds, which will be competitively awarded later, will be used to build on the President's priorities to promote green jobs and mitigate the destabilizing effects of foreclosures on communities.  Click Here