News & Events

News & Events

3.13.2009

Nesteroff Quoted on Benefits of the Stimulus Funds in Puget Sound Business Journal

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Lane Powell Shareholder Mike Nesteroff was quoted in an article titled “Firm Breaks Through: Stimulus-funded ‘green’ jobs triple local company’s size,” published by the Puget Sound Business Journal on Friday, March 13. The American Recovery and Reinvestment Act signed by President Obama on February 11, 2009, already has some local businesses increasing their workforce in preparation for the potential projects that could come from the onslaught of funding. Nesteroff states that the funds are meant to provide several benefits, including generating jobs, reducing utility bills for residents so they will have more disposable income to spend elsewhere, and help reduce greenhouse gas emissions by reducing the need for fossil-burning power plants.