Obama US$320-B Multimodal Freight Grant Proposal Welcomed

The Coalition for America’s Gateways and Trade Corridors ( CAGTC ) has welcomed the proposal totaling 4302 billion over four years thereby applauding the vision of the Administration to improve the multimodal freight network with the hope of supporting American business as well as the national competitiveness in the world market place.

It has been informed by CAGTC that the top-line items of the bill is to create a multimodal freight grant program with yearly funds of $2.5 billion available for highway, rail and port projects for the efficient movement of goods across the country and the world.

CAGTC has further said that it has made its best effort in promoting freight-specific grant program by which funding is awarded through the use of merit based criteria in identifying as well as prioritizing projects with a demonstrable contribution to the national freight efficiency.  It happens to be cross jurisdictional border, frequently multimodal as well as large-scale when it comes to freight projects.  This makes it very difficult in funding through formula programs or such other traditional distribution methods.

CAGTC Chairman and Deputy Executive Director of the Southern California Association of Governments, Sharon Neely, said that the 18 million residents of Southern California that represents 191 member cities applaud President Obama and his administration for being able to recognize the linkage between efficient freight movement and the ability of the nation to compete in the global marketplace.

For More Information Visit : 

http://www.marinelink.com/news/multimodal-proposal364816.aspx

Obama Grants for Small Business

As President Barack Obama has said that he would continue to do everything in his power in order to make a good contribution to their community as well as for the future of the United States of America, he has really done for lot.

If you wish to start a business on a small scale then you can try to apply for government grants where it does not require you to repay any amount of money unlike loans. In order to apply for free grants for small business, one needs to refer to the website of the US government grant.

One can also try to look forward to Obama Small Business Stimulus Package where troubled small businesses in the economy get tax relief. An amount of $730 million is provided to the Small Business Administration (SBA) as a means of financial assistance. This economy stimulus packages serves to be very much useful for both small businesses as well as medium sized businesses.

In order to utilize a major chunk of 730 millions U.S. Small Business Administration has made the following plans:

• $375 millions: For reducing or eliminating loan fees as well as to back certain loans to the maximum of 90% of loan amount.

• $255 millions: To handle debt payments in backing small businesses.

• $30 millions: In boosting microloan program.

• $15 millions: To back surety bond guarantee policy of SBA.

Thus Obama administration has taken the best step by introducing economic stimulus package in order to get America out of the economic recession.

For More Information Visit the SBA(http://www.sba.gov/) Website.

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