Sunday, July 25, 2010

How to help Southern Vermont and the Northeast Kingdom

I do not believe that government creates jobs; I believe that our citizens create jobs. It is the individuals who are already in business or who have an idea that they want to turn into a business that create jobs and prosperity for the entire state. The state can help create an environment and provide infrastructure that helps business grown. As governor I would look at all of the existing programs that give money to businesses and make sure these dollars are really creating jobs. I would make certain that money would go to the new, small businesses that are our future.

As governor I would fund the regional economic development groups properly so they could spend their time helping local business. It is these regional organizations that can best assist local business people. It is also these regional groups working locally that can best develop an economic development plan for their region.

The Northeast Kingdom has suffered higher unemployment rates than most of the state for sometime. The area has been very dependent upon Ethan Allen and the severe negative impacts can be seen when the Beecher Falls plant was closed. The expansion at Jay Peak and the interest in a high tech company building in the area are positive signs that more jobs and opportunity are coming to that part of the state. This part of the state has been the champion of getting funding through a federal program referred to as the EB5 program. This allows foreign investors to make investments into targeted programs that create new jobs. As governor I would work to have other parts of the state take advantage of this source of capital.

I believe that innovation and intellectual property will be the answer for good jobs all over Vermont. The interest in renewable energy poses opportunities for regions of Vermont to become the center of excellence for research and innovation. The rapid growth in bio-diesel and growing our own fuel can provide ways to keep our farmlands all over the state as farmland, not houses. I would form an office of Innovation and Intellectual Property that would train all the regional partners in these areas so local businesses would learn of these opportunities and be helped in getting the patents of their ideas. This office would also work to assist in finding new sources of revenue for businesses.

These ideas apply to our entire state. As I am traveling the state, I find so many pockets of good ideas for job growth. I believe that we are poised to come out of this recession in a way that will ensure slow but steady job growth for all of Vermont.

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