The final version of the $787.2 billion economic stimulus bill approved by Congress is good news for the construction industry, though certainly not a cure-all for infrastructure needs for the Carolinas. HR 1, The American Recovery and Reinvestment Act of 2009, includes both spending and tax cuts. Here is a breakdown of some what it means for the construction industry: Transportation: The bill includes $47.8 billion in transportation funding: $27.5 billion for high & bridge formula funding $1.5 billion for discretionary competitive grant program for surface transportation $8.4 billion public transportation $850 million Amtrak capital grants ..... read more