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Recovery Act Opportunities
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Article Content
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| The American Recovery and Reinvestment Act |
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The American Recovery and Reinvestment Act is an unprecedented effort to jumpstart our economy, create or save millions of jobs, and put a down payment on addressing long-neglected challenges so our country can thrive in the 21st century. The Recovery and Reinvestment Act is an extraordinary response to a crisis unlike any since the Great Depression.
What the American Recovery and Reinvestment Act is not
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Does not directly provide seed or venture capital grant opportunities for entrepreneurs or start up businesses
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Does not generally include discretionary dollars for the Governor to allocate to projects.
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Does not fill the budget deficit that Oregon is facing and will not prevent all cuts to services.
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Does not allocate money to states in a one-time payment. Funding opportunities are staggered throughout a three year period and will, in many cases, flow through existing state or local programs.
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Does not include one deadline for applications for all programs. Each funding program will have specific deadlines which will be outlined, to the greatest extent possible, on this Web site as information becomes available.
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What the American Recovery and Reinvestment Act is
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Provides direct assistance and benefits to individual Oregonians through existing programs, tax incentives, etc. To see examples of individual demand-based resources, click here.
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Provides some assistance to state governments to fill state budget deficits.
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Provides additional state funding through a number of existing state administered programs.
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Provides direct funding opportunities for local communities and cities.
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For a listing of many of the funding sources anticipated to impact Oregon, as well as competitive opportunities that may be available, click here.
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| Accessing Recovery Act Opportunities |
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This Web site provides information about the federal recovery funds available for Oregon. Please read the following information to understand how and where applications for or statements of interest in funding should be directed.
How the distribution of federal recovery funds work:
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The federal recovery act outlines more than 100 programs that will receive recovery funds. Most are existing programs at the federal, state or local level.
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Each existing program has eligibility requirements established by federal or state law and rules. The federal recovery act and federal agency guidance add new eligibility criteria to be considered in awarding the funds.
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Applicants for the funds apply to the federal government, the State of Oregon, or the designated local organization, depending on what the legislation directs.
Below are different types of funding available with corresponding information outlining the descriptions of projects to be funded.
1. Direct benefits to individuals:
Please refer to the list of resources for individuals. Federal recovery act funds benefitting individuals will be distributed through established channels - there is no need to individuals to submit proposals on this Web site.
Resources for individuals
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2. Program funds to be distributed by the Federal, State or Local governments:
The American Recovery and Reinvestment Act (ARRA) has the potential to provide more than $3.9 billion in economic assistance to Oregon in important areas such as health care, education, energy efficiency, public safety and infrastructure. The major funding sources are divided into nine major ARRA areas consisting of formula, competitive and demand-based funding.
For organizations interested in finding information about federal recovery act opportunities available from federal or state agencies or local governments, refer to the summarized program chart.
If your project matches one of the programs listed for allocation, please contact the respective state or federal agency. Contact information for each program is included in summarized program chart.
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3. Opportunities for vendors:
Given the increase in funding to state and federal agencies and programs, there will be increased opportunities for vendors to do business with the state of Oregon and the federal government. Most state agencies post their procurement opportunities on the Oregon Procurement Information Network (ORPIN) and most federal agencies post their procurement opportunities on Federal Business Opportunities.
To register and search a list of available opportunities with the state of Oregon, please visit the Oregon Procurement Information Network (ORPIN).
To register and search a list of available opportunities with federal agencies, please visit Federal Business Opportunities.
Oregon Procurement Information Network
Federal Business Opportunities
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