Rendell says stimulus has been helping smaller companies
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HARRISBURG -- A Pittsburgh road contractor has been a major beneficiary of transportation funds given out under the federal stimulus program, Gov. Ed Rendell said today.
Buckley & Co. Inc. has received four contracts under the American Recovery and Reinvestment Act approved by Congress last year. The contracts total $103 million, which is part of the total of $994 million that Pennsylvania companies have received for transportation projects, Mr. Rendell said.
He also noted that Buckley is a small business, with 100 or fewer employees, showing that the stimulus funds have been good for smaller firms. Of the 107 prime transportation contractors getting stimulus funds, 72 of them, or 67 percent, have 100 or fewer workers, he said. Another 20 percent of the firms have 250 workers or fewer.
Also, Pennsylvania has done well in breaking ground for the transportation projects that are being funded with stimulus funds -- with 99.7 percent of the projects either put out to bid, under contract or starting construction. That is the second highest among the 50 states and the District of Columbia, according to congressional officials.
First Published May 12, 2010 12:37 pm