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Roundtable Discussion at UCSF on the One-Year Anniversary of the Recovery Act; $46 Million in Recovery Act Funds Allocated to Doyle DriveRoundtable Discussion at UCSF on the One-Year Anniversary of the Recovery Act Recently marked the one-year anniversary of President Obama signing into law the American Recovery and Reinvestment Act, which brought the American economy back from the brink. One year later, leading economic indicators document the Recovery Act’s success – 2 million jobs have been created or saved, and last quarter, the GDP grew at its fastest rate in six years.To discuss the Recovery Act’s impact on San Francisco, I hosted a roundtable discussion with Mayor Gavin Newsom, UCSF Chancellor Susan Desmond-Hellmann, Police Chief George Gascón, and several local business owners who used Recovery Act funding to hire new employees. The University of California San Francisco (UCSF) is the second largest recipient of National Institute for Health funding in the nation, and with over $100 million in Recovery Act funds, this innovative research university has created or saved more than 550 jobs in San Francisco. The greatest testament to the Recovery Act’s success comes from our local community – the small business owners, police officers, educators, and other San Franciscans who have seen the Recovery Act translated into jobs. These people are the faces of the Recovery Act – a young cadet hired by the San Francisco Police Department, a green Laundromat owner hiring additional employees, a community-oriented parking business that is able to expand. Across the nation, we’ve put people to work rebuilding our roads, bridges, and rail lines, and invested in the clean energy jobs and the communications technology of tomorrow. We’ve kept hundreds of thousands of teachers in the classroom and police officers and firefighters on the streets. We’ve given a tax cut to 95 percent of working Americans and offered tax cuts and loans to millions of small businesses. One year later, we can see that job losses have decreased dramatically – 20,000 jobs were lost last month, down from the 779,000 job losses in January 2009. But our work is far from over. Moving forward, we must build on the success of the Recovery Act, stay focused on creating good-paying jobs for our workers and middle class, and open the doors of opportunity to all Americans. $46 Million in Recovery Act Funds Allocated to Doyle Drive I am pleased that the Presidio Parkway/Doyle Drive Replacement Project was awarded $46 million through a Transportation Investment Generating Economic Recovery (TIGER) grant under the Recovery Act. This is a significant step toward replacing the aging and unsafe Doyle Drive with a new Presidio Parkway that connects San Francisco, the Golden Gate Bridge, and the Presidio. These funds will reduce congestion and lessen traffic, creating safer roadways and shorter commute times as we greatly improve the seismic safety of the roadway and eliminate dangerous conditions for the 100,000 drivers and 18,000 transit riders who use Doyle Drive every day. As a longtime supporter of the Presidio Parkway project, I have worked to secure $18 million in federal funding over the last five years – on top of the $50 million investment of Recovery Act funding received last year and the $46 million awarded today. I will continue to work with city, state and federal officials to relieve traffic congestion, protect our environment by cutting carbon emissions, reduce our dependence on foreign oil, and invest in infrastructure for the future so that we can meet the transportation and safety needs of those in San Francisco and throughout the nation. Please feel free to forward this information to your family and friends. To learn more about these efforts, to express your views, or to sign up for email updates, please visit my Web site. Sincerely, Nancy Pelosi, Member of Congress -------------------- USA Today - Assessing the Recovery Act: ‘The best is yet to come’ First, we think the Recovery Act is working because of the progress we’ve made in slowing job loss…Independent economists believe that, thanks to the Recovery Act, about 2 million people are on the job today who would not have work otherwise. Second, the Recovery Act is working because it is helping hard-hit families get through tough economic times… these tax cuts and direct aid to individuals are the largest parts of the Recovery Act — more than half of all Recovery Act spending has gone to cut taxes or provide relief to seniors, veterans and the unemployed. Third, we know that the Recovery Act is working because we can see the results all around us. Thousands of road projects are not only creating jobs — they are making for faster, safer transportation. Superfund sites are being cleaned up and commuter rail tracks are being repaired. Work is underway on water, weatherization and construction projects — creating jobs now, and making critical improvements in our nation’s infrastructure for the future. Year Two of the Recovery Act will build on the successes of Year One, continuing to generate jobs while seeding the transformative investments needed to ensure that our economy remains the world’s strongest. Website:www.speaker.gov/newsroom/reports?id=0299 Discuss it on SBE Forum >> |
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