To address the recent financial crisis gripping the nation and long-neglected challenges that are preventing our country from thriving in the 21st century and keeping pace with the rest of the world, the U.S. government is putting forth efforts to jumpstart the economy, save and create millions of jobs, improve infrastructure and enhance efficiency in the areas of energy, healthcare and education.
On February 17, 2009, the American Recovery and Reinvestment Act was signed into law, representing a significant investment of $787 billion across many markets. Because the Act strives to also provide transparency and accountability, much information is available about how, when and where the tax dollars are being spent. This creates the potential for many opportunities through government contracts, federal grants and loans. A large portion of the funds is also being distributed to states and territories, which in turn creates state-specific opportunities.
At Hubbell Wiring Systems, we want our customers to succeed – in good times and bad. That is why we are striving to provide you with the information you need to take advantage of government stimulus opportunities and construction-related spending in energy, healthcare and education – three areas where many Hubbell products thrive.