Programs

The program that I would like to introduce is The Economic Recovery Act of 1981. This program was brought to the 97th United States Congress by Jack Kemp and it was mandated by Congress August 13, 1981 under the Reagan administration. This program has been in existence for 38 years, sadly 19 out of 20 business owners do not know this program exists. Since the inception of this program the incentives, refunds and rebate that equal a cash payment have grown to more than 700 and continue to evolve. A business owner is eligible for these incentives, refunds and rebates through the processes and behaviors they implement within their business. This could be for innovation, advertising, training, custom solutions, scientific data and measurement, research of competition, ways to grow revenue, competitive analysis, modifications in software, CRM solutions and modifications and hundreds of others. This program has been such a tremendous boost to the economy that now 43 states have their own version of The Economic Recovery Act of 1981. In 2015 under the Obama administration The Economic Recovery Act of 1981 has been made permanent under the Path Act. Each year Congress, through the mandatory budget process, earmarks $20 billion dollars in which it is put into an incentive pool specifically set aside for business owners who claim the incentives, refunds and rebates.