Six months after the passage of a more than $700 billion federal stimulus package, the City of Boston has benefited to the tune of 1,666 jobs saved or created and a further $162.2 million for a total economic investment of over $334.8 million citywide in 41 "shovel-ready" projects, according to a new report from Mayor Thomas Menino’s office.

Menino unveiled the report at a Tuesday conference announcing $720,000 in EPA funding expected to prepare three shovel-ready Brownfields projects in Codman Square and Jackson Square for $16 million worth of new development.

The BRA applied for the federal stimulus Brownfields funding in April on behalf of the Codman Square Neighborhood Development Corporation (NDC) and Urban Edge. The Codman Square NDC has purchased two Brownfields redevelopment sites in Dorchester – the former Levedo Motors site and the AB&W Building/157 Washington Street – and Urban Edge is part of the team redeveloping Jackson Square, according to a statement form the Mayor’s office.

Among the highlights of the six-month stimulus project report:

  • That the City is investing $42.5 million in transportation enhancements including the reconstruction of Dorchester Avenue, an investment in improved technology for intelligent transportation systems and the resurfacing of over 75 streets citywide.
  • That $30.1 million has been dedicated to public housing modernization, most notably at Washington Beech in Roslindale.
  • That the City recently issued a Request for Proposals on how best to spend $8.2 million Homelessness Prevention and Rapid Re-Housing Program (HPRP) funds to fight homelessness by significantly expanding prevention services.
  • That the City will use $15.6 million of Title I and IDEA funding to save the jobs of 180 teachers and buy additional books and classroom materials.
  • That a $6.5 million Energy Efficiency Block Grant will fund Renew Boston – the City’s largest effort to help businesses and homeowners save money by cutting expenses though weatherization and energy efficiency upgrades.
  • That $2.3 million of Community Development Block Grant funding will jumpstart $8.9 million worth of stalled housing and economic development projects citywide.
  • That the City will stabilize small businesses throughout the City with over $1.075 million in funding for capital improvements and short term rental assistance – more than 40 businesses can be helped.

Menino Outlines Boston Stimulus Benefits In New Progress Report

by Banker & Tradesman time to read: 1 min
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