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To date, California has been awarded more funding than any other state in the nation. To see the most updated figures according to the federal government, visit its Recovery Web site at: Recovery.gov and click on the state of California.
Much of the money is already benefiting California. For example, Californians on unemployment began receiving an additional $25 per week from the Recovery Act in March, Caltrans has already broken ground on highway construction projects, and school districts throughout the state have already applied for and gotten billions in Fiscal Stabilization Fund money.
The first thing every small business interested in state and federal stimulus projects should know is you are NOT too late. Most of the money designated for federal stimulus projects is still available and will be distributed over the next two years.
Furthermore, the stimulus funding is divided into 10 general categories, across multiple agencies, all with varying timelines. This means now is the time to be learning more about projects you may want to bid on and positioning your business to compete effectively.
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