Jeffrey A. Simon Chief of Foundation Speculation.

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Jeffrey A. Simon. Chief of Infrastructure Investment. 2. Massachusetts. Financial Recovery ... 15. Jeffrey A. Simon. 617-727-2040. contact. ...
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Jeffrey A. Simon Director of Infrastructure Investment

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Massachusetts Economic Recovery Plan Unprecedented financial difficulties More individuals swinging to state government for help Deteriorating state incomes Integrate state, elected and private endeavors to secure our normal future

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MASSACHUSETTS PREPARATIONS Governor Patrick worked with the Obama Administration and the Congressional appointment to shape the ARRA Governor set up Project Delivery Task Forces in December 2008 to start anticipating framework subsidizing Identification of "scoop prepared" base undertakings Recommendations for organizing ventures Recommendations for rapid and powerful venture conveyance, including acquirement, allowing and workforce Over 275 members from open offices, the assembly, temporary worker associations, worker\'s parties, little organizations and different partners

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MASSACHUSETTS PREPARATIONS Governor built up Working with the AG, IG, State Auditor and Comptroller to survey existing responsibility controls & build up extra controls Legislature set up Joint Committee on Federal Stimulus Oversight Establishing frameworks to guarantee we can track and provide details regarding each dollar Established Office of Infrastructure Investment

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American Recovery and Reinvestment Act (ARRA) - $787 billion Clean Energy and Environment Energy Efficiency and Conservation, Water and Sewer, Weatherization, Superfund, Brownfields Education K-12 Chapter 70, Higher Ed, Title I, IDEA, Pell Grants Housing Public Housing Improvements, Home Investment Partnership, Neighborhood Stabilization, Homelessness Prevention, Community Development Block Grants Labor and Workforce Development Workforce Training Programs Public Safety and Security Byrne Justice Assistance Grants, Community Oriented Policing, Violence Against Women, Fire Stations, Port Security, Emergency Shelters

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American Recovery and Reinvestment Act (ARRA) - $787 billion Safety Net Medicaid or "FMAP", Unemployment Insurance, Transitional Assistance for Needy Families, Children and Family Service Programs, Food Stamps Tax Benefits Municipal Bonds Technology and Research Electronic Health Records, Broadband Expansion, National Science Foundation, National Institutes of Health Transportation Highways, Transit, Airports, High Speed Rail/Intercity Passenger Rail

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Distribution Methods Specific, confined purposes Agency Plan Competition Demand Formula Tax Relief Recipients - the Commonwealth, regions, private and non-benefit substances "Use it or lose it" necessities

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Table: U.S. Aggregate and MA Share

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MASSACHUSETTS PREP FOR RECOVERY FUNDS Filed state enactment to guarantee consistence with ARRA and to guarantee successful usage Provisions important to agree to ARRA (e.g., SRF) Provisions prescribed by Task Forces to guarantee we amplify elected finances and follow use it or lose it necessities (e.g., acquirement)

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Lead Maximize the dollars - $1-2B Point of contact - the general population Point of contact - government Ensure speculation is done astutely Coordinate subsidizing with the Recovery Plan Assist Provide an organized reaction Assist state organizations Assist regions Assist with getting instant administrative endorsements Office of Infrastructure Investment

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Monitor Transparency Accountability Compliance - GAO Selection Central clearinghouse Reporting to the Federal Recovery program Report To the general population To the Federal government To State government Office of Infrastructure Investment

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Project choice Shovel prepared #Jobs Regional value Impact on Operating spending plans Invest for the long haul Reinforce Massachusetts\' qualities Development Cabinet Priorities

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Transparency Project Selection Bids Awards Contracts Budget Schedule Accountability Problem Prevention Rigorous Oversight Coordination Inspector General Attorney General Recovery Accountability and Transparency Board Government Accountability Office

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Next Steps Work with every state office to survey proposition Work with State and Federal offices on accessible financing sums - $6 - $9 billion Work with our Federal accomplices to impact the advancement of elected direction.

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Jeffrey A. Simon 617-727-2040

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