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Obama announces $2.4B in stimulus money foster the manufacture of batteries and electric vehicles.

August 5, 2009 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

President Obama announced Wednesday a $2.4 billion infusion of stimulus funds to 25 states, including Indiana, to manufacture batteries and electric vehicles.

As he began speaking just before noon at an RV plant in Wakarusa, Ind., Obama told the crowd, "You’re living every day with the consequences of this recession and the financial meltdown."

The funds will be matched by $2.4 billion in investments from the companies who win those federal grants.

By Mary Beth Schneider, The Indianapolis Star

Full Story: http://www.usatoday.com/news/washington/2009-08-05-obama-indiana_N.htm

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