Rebuilding Our Economy

 

Investing in comprehensive infrastructure

We must commit to an estimated $4.5 T in public investment over the next 10 years to rebuild our communities and nation. It’s estimated that fully investing in this priority could yield at least 3,000 new jobs to District 23.

Investment in a renewables-based infrastructure including multi-phase lines, municipal grids, and storage would be a transformative investment for our infrastructure and local economies. Other nations are committing to this investment while the U.S. is being left behind in technology and career opportunities. Congress has the capacity to enact legislation that will provide a call and commitment to action, and provide for transition funding.


Investing in our workers and manufacturers

Voting on legislation to encourage manufacturing alone is not sufficient if we aren't also protecting our union workers powering this sector and proactively embracing changing markets. We cannot allow our workers and factories to be left behind in a world moving toward renewables, and in the face of increased automation and efficiencies. We must ensure that both our youth and adults have the pathways for training needed to meet demands and evolution in both skills and market demand.


Investment in manufacturing and local partnerships

We must invest in our skilled workforce and facilities by providing them the training and retrofitting needed to get ahead on a world increasingly moving to renewable energy. 

  • Provide increased support and funding to our manufacturers through a new version of H.Amndt 374, extending funding for the Manufacturing Extension Partnership
    • Nationwide network proven effective in assisting manufacturers in creating and retaining jobs, increasing profits, and becoming more efficient.

Investment in Innovation and Technology

We must support investment in research and technology to maintain an edge over international advancement and which drives new economic opportunities. We can support programs including:

  • ARPA-E (Advanced Research Projects Agency - Energy)
    • Provides funds for energy researchers to bring emerging technologies to market.
  • SBIR (Small Business Innovative Research Fund)
    • Incorporates collaborative funding from pathways such as the National Science Foundation, Department of Energy, and Department of Defense, which has brought millions of dollars into the Southern Tier annually.

Investing in local networks and resources

We can empower our existing local economic networks and provide new opportunities through:

  • Supporting partnerships and incubators for innovation
    • Southern Tier Research and Innovation corridor
    • REV
    • High-tech companies including Corning Inc. and Lockheed Martin
    • Higher-education facilities, like Cornell University
  • Cultivating of agricultural networks
  • Increasing support for regional organizations that provide funding for worker training, jobs, and infrastructure improvements
  • Creating District Planners tasked with facilitating business planning, negotiating start-up and ongoing regulations, and access to funding pathways such as microenterprise loans.
  • Supporting organizations that bolster local economic development

Federal Job Guarantee

Millions could face unemployment with societal collapse unless we begin planning accordingly. It is also the reality that certain areas of our nation and District are unable to generate enough economic opportunities to sustain all communities. Two potential solutions include a universal basic income and a federal job guarantee. At the present, I believe a federal job guarantee is most advantageous.

  • Administered at the State and local levels with direct reimbursement from the Federal Government. To be used to reach full employment or roughly 3 percent
  • At 2017 levels of unemployment (just above 4 percent), it is thought that an additional 15 million individuals who are currently un- or underemployed could benefit from this program.
    • Estimated cost at these levels:
      • $750 billion + administrative costs per year to employ 15 million at a living wage 
    • Estimated savings offsets (reduction in need for Medicaid, SNAP, etc.):
      • $250 billion to $750 billion