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Stimulus Funds Prop Up Florida Market Publication Date: 24-JUN-09 Author: Jennifer Coskren, economist, McGraw-Hill Construction Analytics Format: HTML

Description:
The current recession is turning out to be severe, and Florida, with its dependence on housing, is particularly vulnerable. The most immediate help to the Florida economy will come from the federal stimulus bill. The American Recovery and Reinvestment Act of 2009 (ARRA) has a price tag estimated at $787 billion. The Florida Office of Economic Recovery estimates about $14.1 billion of these funds will flow into the state.

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