SOURCE: Industrial Info Resources

December 07, 2009 05:00 ET

Renewable Energy, Light Rail, Pharma & Biotech Benefit From Federal Stimulus Spending in 2009, an Industrial Info News Alert

BATON ROUGE, LA--(Marketwire - December 7, 2009) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Several U.S. industries have benefitted from federal stimulus funding this year, and those industries will continue strengthening in 2010 as more federal spending gets into the market, according to Michael Bergen, Industrial Info's senior vice president for marketing and forecast products. "We actually expected more of the stimulus spending to enter the economy in 2009, but in many cases, it took longer than anticipated for the government to establish guidelines and procedures for spending under the American Recovery & Reinvestment Act." Bergen said that stimulus money was a particular boon to projects involving the Pharmaceutical & Biotech Industry, rail transportation, and renewable energy.

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