An Update on Recipient Reports
Time to update the numbers:
On Monday, Recovery.gov posted the most recent quarterly spending data submitted by recipients of Recovery Act contracts, grants and loans.
For the quarter ending December 31, the Recovery Board received 168,265 reports from recipients who had submitted prior quarterly reports. Additionally, we received 2,928 reports for new awards.
What’s more, recipients reported funding a total of 213,094 jobs in the quarter, the lowest number listed since recipients began submitting Recovery spending data in October 2009.
As I explained in my post of January 27, the reasons for the lower job numbers probably relate to the winter season, traditionally a slower period for construction projects, and the completion of more than half of the Recovery awards.
Most of the jobs funded in the past quarter — 172,242 — came from grants issued by various federal agencies. Contract awards funded 30,696 jobs, and the loan program, 10,156.
Awards from the Department of Energy funded more than 40,000 jobs in the quarter. According to the recipient reports, the Department of Education was next in line, funding nearly 37,000 jobs. The most jobs were funded in California (24,035); Texas (12,337); and New York (10,645).
Over the life of the program, established in February 2009, federal agencies have awarded $276.4 billion in contracts, grants and loans. Recipients reported receiving $201.2 billion during that period.
You can get even more information on spending data by visiting Recovery.gov and clicking on “Where Is The Money Going?” at the top of any page.
– Michael Wood, Executive Director, Recovery Board