American Recovery & Reinvestment Act, stay away from me · American Recovery & Reinvestment Act, mama let me be …

Posted on July 15, 2009 by Daryl Phillips, CEcD

Most of the buzz on the American Recovery & Reinvestment Act (ARRA, aka ‘the stimulus package’) is about grants and loans. Another component that can be beneficial to business are the tax benefits made possible by the ARRA. From expanded Work Opportunity Tax Credits to new Net Operating Loss Carryback rules to Energy Efficiency and Renewable Energy Incentives, there are things on the IRS website that you might should know before that tax filing deadline. For updated information on federal tax and the American Recovery & Reinvestment Act, check out the IRS page, The American Recovery and Reinvestment Act of 2009: Information Center.

About Daryl Phillips, CEcD

I am a professional economic developer. I presently work for communities and companies in developing and implementing workforce and economic development solutions as CEO of Phillips Economic Development Solutions (Phi EDS). Prior to September 2017, I was the economic development professional who served a community team of elected officials, business people, community leaders and dedicated stakeholders for economic development in Cheatham County, Tennessee (pop. 39,880) and its four towns. During my five-year tenure, I served the team as Cheatham County grew over 1,700 jobs, turned around population declines at the start of this decade into healthy population growth, increased tourism expenditures 20.3% and local tax revenue from tourism 25.4%, grew sales tax revenue 36%, focused on developing the local workforce and was recognized by SmartAsset as having the 9th highest Incoming Investment Index of all the 95 counties in Tennessee. I am a member of International Economic Development Council, Southern Economic Development Council, Tennessee Economic Development Council and International Council of Shopping Centers. I have earned the designation of Certified Economic Developer (CEcD) from International Economic Development Council (IEDC), the Economic Development Finance Professional (EDFP) certification from National Development Council and hold a Master of Business Administration from Tennessee Technological University.
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