On February 13, 2009, the House and Senate passed H.R. 1, The American Recovery and Reinvestment Act of 2009 (ARRA). This afternoon, President Obama signed the $787 billion economic stimulus bill into law.
Gray Plant Mooty's Economic Recovery Team is closely monitoring this new legislation and its impact on our clients. In addition to providing frequent e-alerts, GPM's Economic Recovery Team will host a forum on the stimulus package in the near future. Please watch for your invitation and plan to attend.
The legislation includes billions of dollars in spending on investments in renewable energy, infrastructure, education, health care, as well as aid to state governments and tax breaks for businesses and individuals. Notable components of the bill include:
Gray Plant Mooty is recognized as one of the leading corporate law firms in Minnesota and one of the top franchise firms in the world. Our roots go back to 1866. Today, we are a 180-plus attorney, full-service firm with offices in Minneapolis and St. Cloud, Minnesota; Washington, D.C.; and Fargo, North Dakota.