{"id":3530,"date":"2009-05-12t10:04:58","date_gmt":"2009-05-12t15:04:58","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=3530"},"modified":"2016-04-21t14:55:17","modified_gmt":"2016-04-21t18:55:17","slug":"local-cpas-stand-to-gain-from-stimulus-dollars","status":"publish","type":"post","link":"\/\/www.g005e.com\/2009\/05\/12\/local-cpas-stand-to-gain-from-stimulus-dollars\/","title":{"rendered":"how local cpas stand to gain from the arra economic stimulus package"},"content":{"rendered":"
the arra federal recovery program\u00c2\u00a0could add 1.6 million jobs to small businesses.<\/strong><\/p>\n local and regional accounting firms — the backbone of the profession — stand to reap a small\u00c2\u00a0windfall, if not a lifeline, from the federal spending plan. as we’ve been reporting, they are already outperforming the rest of the profession and all but a few economic sectors, like healthcare and education.<\/p>\n mark koziel at the aicpa reports\u00c2\u00a0today that smaller firms are expecting “marginal growth in the upcoming year and some are even expecting double digit growth<\/a>.”<\/p>\n and now, a new research report underwritten by sap software suggests why: the american recovery and reinvestment act, a $787 billion initiative, is generally expected to create 3 to 4 million jobs over the next two years. one of the report’s authors, steve king at emergent research says, “a significant share of jobs created or saved will be in sectors where growing businesses play a major role.” (steve, by the way, blogs at smallbizlabs<\/a>.)<\/p>\n emergent predicts particularly\u00c2\u00a0rapid growth in:<\/p>\n other areas to watch:<\/p>\n but cpas need to move quickly. most of the money will spent quickly.<\/p>\n “the government plans to have 75% of money committed to projects by september of 2010 and 91% committed by september of 2011. stimulus spending has already started and will ramp up over the summer and into the fall of 2009,” he says. “because of this, growing businesses need to be prepared now to act on opportunities created by stimulus spending.”<\/p>\n free download:<\/strong> the report — “the stimulus package: what it means for growing businesses” –\u00c2\u00a0is available here<\/a> (pdf, 21 pages).<\/p>\n\n
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