All over the country, the American Recovery and Reinvestment Act (ARRA) of 2009 is at work. But construction signs on our roadways are just one visible example. There are lots of other ways we can reap the benefits.
The purpose of the Act (also known as the “Economic Stimulus Program”) is to create and save jobs, jumpstart our economy, and build the foundation for long-term economic growth. The Act includes measures to modernize the nation’s infrastructure, enhance America’s energy independence, expand educational opportunities, increase access to health care, provide tax relief, and protect those in greatest need.
For companies, in particular, the 2009 tax year is the time to take advantage of tax relief through 50% bonus depreciation. In addition, the available Section 179 expense deduction may allow almost double the amount of equipment that can be expensed, from $133K to $250K, for the 2009 tax year. Work chairs, office chairs, healthcare systems, boardroom furnishings, waiting area furnishings, accessories, and many other types of equipment may receive the benefit of bonus depreciation.
Federal health agencies receiving stimulus funds can use our clinical and administrative products to improve the care people receive. Our comprehensive portfolio of modular casework, seating, movable walls, storage, and carts are adaptive solutions that change as processes and facilities require.
And, for educational institutions interested in building, modernizing, and repairing facilities, Herman Miller offers products and applications designed to enrich teaching and learning for students, faculty, administrators, and the community.
By Marcia Davis