Administration Announces $8 Billion In Weatherization, Efficiency Grants
WASHINGTON - President Barack Obama is encouraging state officials to get on the front lines of the government's program to revive the ailing economy.
Obama stopped by a conference Thursday with state officials gathered in the capital to discuss carrying out the $787 billion economic stimulus program. He said he believes the American people are behind his administration's efforts but also said that officials at all levels of government must spend the money wisely.
Obama told his audience: "You've got this wonderful mission. And it's rare where you get your chance to put your shoulder to the wheel of history and put it in a better direction."
Biden and Energy Secretary Steven Chu also announced $8 billion in stimulus money to be directed to state and local weatherization and energy efficiency efforts.
From the Vice President's press release:
Vice President Joe Biden and Energy Secretary Chu today detailed an investment of nearly $8 billion in state and local weatherization and energy efficiency efforts as part of the President's American Recovery and Reinvestment Act. With an investment of about $5 billion through the Weatherization Assistance Program and about $3 billion for the State Energy Program, the Department of Energy will partner with state and local governments to put 87,000 Americans to work and save families hundreds of dollars per year on their energy bills.
To jump-start job creation and weatherization work, the Department of Energy is releasing the first installment of the funding - about $780 million -- in the next few days. The Department will release additional funding over time as states demonstrate that they are using the funding effectively and responsibly to create jobs and cut energy use.