Johnson Celebrates One-Year Recovery Act Anniversary at Denver Federal Center
As prepared for delivery
U.S. General Services Administration
Recovery Act One-Year Anniversary
February 17, 2010
Good morning, everyone, and thank you to Sue Damour for that generous introduction. I am honored to be here on behalf of the Obama Administration and in the company of many great Coloradans.
Today, in the Mile High City and in communities across the nation, we mark one year since the signing of an unprecedented investment in our nation’s economy -- the American Recovery and Reinvestment Act.
As our nation faced the greatest economic crisis since the great depression, the goal of the Recovery Act was clear -- to mitigate the economic impact and lay a new foundation for continued economic growth.
I can think of no better place to survey the Recovery Act’s progress than to stand here at the largest federal center outside Washington, DC, shoulder-to-shoulder with these hard working Coloradans who stand on the frontlines of rebuilding our economy.
As you can see from the work going on around us here at the Denver Federal Center, the evidence is clear – the Recovery Act is working. Our economy is growing again.
Although there are still far too many Americans out of work, job losses today are a fraction of what they were a year ago.
The Obama Administration and federal agencies are working tirelessly every day to invest in projects that put more Americans back to work.
As part of this effort, the U.S. General Services Administration has invested in creating a more sustainable, better performing federal buildings infrastructure.
To date GSA’s Recovery Act projects have put more than 400 companies back to work across the country. GSA is driving the construction industry toward green projects and technologies that invest in the jobs and economy of the future.
A hallmark of this kind of investment is right here in Denver where tens of thousands of additional solar panels will be part of 35 acres of solar energy generation – an array that will generate as much as 14 percent of this campus’ electrical power.
This investment will not only save taxpayer dollars through the building’s energy conservation, it will also create more jobs and promote the manufacture and use of green technologies.
It is the life blood of our communities that are making this happen -- our local workers and businesses. That’s where the folks standing up here with me come in.
Centerre Light, a Denver-based small business joint venture, is installing the three megawatt, roof-mounted solar array, which will save about $300,000 in power costs and 4,000 tons of greenhouse gas emissions per year.
In addition to these green jobs, our projects are stimulating jobs across the construction industry. Here in Denver additional Recovery Act funding is going to upgrade the utilities infrastructure of this campus. The new pump house behind us will reduce the campus’ water consumption and stormwater runoff. Colorado’s PCL, Inc. is putting Coloradans to work with this project.
The federal government has jump-started the economy by making smart, careful investments in our long-term prosperity.
But for all of the progress made, it is now clear that we have lost more jobs than anyone could have predicted one year ago. That’s why the president is working with Congress on additional job measures, to incentivize hiring and expand initiatives that have proven effective.
One year in, experts continue to say the Recovery Act has helped pull us back from the brink of economic disaster.
We will continue to work every day to find more ways to create jobs, drive economic growth, and lay a firm foundation for our nation’s economic recovery.