The Importance of Being "Shovel Ready": Tapping Into Stimulus Dollars for Energy and Environmental Projects
The American Recovery and Reinvestment Act of 2009, P.L. 111-5 (ARRA), makes billions of dollars available to eligible applicants for a variety of environmental and energy projects, including renewable energy, clean water infrastructure, green building and site remediation/brownfields redevelopment.
Private and public entities alike are eager to tap into public funding sources as a means of weathering the recession. At the same time, an increasing number of entities are in the process of "greening" their everyday practices. From real estate developers interested in enhancing their existing portfolios and providing green contracting services to manufacturers interested in making their operations more sustainable, all businesses are focused on reducing costs and risks associated with energy and resource availability.