Shovel-Ready

AAA

DEFINITION of 'Shovel-Ready'

A term widely used by President Barack Obama to describe a construction project that could be started as soon as it received funding. A truly "shovel-ready" project should already be planned and permitted. This term is typically used to describe infrastructure projects such as improvements to roads, bridges, highways and public transportation.

INVESTOPEDIA EXPLAINS 'Shovel-Ready'

Obama's 2009 stimulus package, passed in an attempt to spark economic recovery from the Great Recession, was supposed to fund numerous shovel-ready projects and create jobs. It was also supposed to jump-start the struggling construction industry. Time-consuming regulatory requirements delayed many projects, however, while others never happened, which subjected the president to much criticism.

RELATED TERMS
  1. The Great Recession

    The steep decline in economic activity during the late 2000s, ...
  2. Obamanomics

    A buzzword used to describe the economic philosophies of United ...
  3. Dodd-Frank Wall Street Reform and ...

    A compendium of federal regulations, primarily affecting financial ...
  4. Cash For Refrigerators

    A federal energy efficiency program introduced in the fall of ...
  5. Cash For Clunkers

    A program that allows car owners to trade in their old, less ...
  6. Troubled Asset Relief Program - ...

    A government program created for the establishment and management ...
Related Articles
  1. Liquidity And Toxicity: Will TARP Fix ...
    Insurance

    Liquidity And Toxicity: Will TARP Fix ...

  2. Why Can't Economists Agree?
    Economics

    Why Can't Economists Agree?

  3. Do Tax Cuts Stimulate The Economy?
    Taxes

    Do Tax Cuts Stimulate The Economy?

  4. Is The U.S. Government Too Big To Fail?
    Retirement

    Is The U.S. Government Too Big To Fail?

comments powered by Disqus
Hot Definitions
  1. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  2. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  3. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  4. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  5. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  6. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
Trading Center