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The US Department of Labor is offering $500 million of stimulus money to programs that will train workers to compete in emerging “green” industries – i.e. energy efficiency and renewability. The money is spread across five different competitions, each of which will be awarded to programs developed at either a national, state, or community level.
Today’s announcement included a notice that the DOL wants these projects to align their training with other local “Recovery Act” programs, in hopes that this will boost their ability to ultimately transfer workers into already established industries.
Get the details here
http://www.doleta.gov/grants/find_grants.cfm
With hundreds of thousands of jobless people about to run out of all benefits, congress has moved to extend unemployment benefits by 14 weeks nationwide for those whose relief has run out, and up to 20 weeks in states — 26 currently — where the unemployment rate is over 8.5 percent.
For the moment, the extra 14 weeks is the number that applies in NH.
The legislation also continues the $8,000 tax credit for first-time home buyers for another five months. It creates a new $6,500 tax credit for certain homeowners who want to buy another home.
At a recent talk to the Business and Professional Women organization I focused on two related issues: If this recession was our Katrina, how much damage did it inflict on the economic infrastructure? One thing we don't know is when credit markets will recover.
So it was with some interest that I read this article in the Washington Post. I think it captures our current economic situation, nationally, and points our eyes in the right direction as we look for signs of true recovery.