Take a look at these new posters from the US Department of Energy, looking so promising about our future.
Seven years ago today, President Obama signed the American Recovery and Reinvestment Act (ARRA, or the Recovery Act) into law and created the Section 1705 Loan Guarantee Program.
The Recovery Act was designed to spur economic growth while creating new jobs and saving existing ones, similar to New Deal programs like the Works Progress Administration (WPA) that invested in large-scale projects such as the Hoover Dam — the world’s largest dam at the time of its opening.
Between 2009 and 2011, the Energy Department’s Loan Programs Office (LPO) guaranteed $16.1 billion in loans to 25 Recovery Act projects. These projects supported more than 10,000 jobs and have the capacity to power more than 1 million average American homes annually.
Read more at the Department of Energy
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