Taken from the government website www.recovery.gov

Wednesday, August 22, 2012

The 'X-Prize Foundation': $5,500,000.00

http://www.recovery.gov/Transparency/RecoveryData/Pages/RecipientProjectSummary508.aspx?AwardIdSur=19602

The X-Prize, a competition that will award a prize to the student group that designs a new fuel efficient automobile. The competion will furnish teams of experts to judge the entries, and even provide an online interactive experience for users as each entry is being run through its paces.

Basically, the government is giving away 5 million of your bucks to entice college students to design the next Smart Car. This is supposed to help stimulate the economy and create jobs.

According to the Award Overview, it created 2.

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