As I have said for year, government doesn’t create jobs, the private sector does. What government can do is help create the infrastructure and environment that encourages the growth of wealth in our state.
As governor there are a number of things I would work to have implemented to help retain and create jobs for Vermonters. The one issue that we all agree upon is that the telecommunications-high speed Internet structure must be developed rapidly and it must reach all parts of the state. This will need to be a public/private partnership to support access for all Vermonters. This is an example of having lots of the parts, but no system. My administration will immediately assemble the parts that exist, the parts that are planned and all the partners to lie out the completion of an up-to-date system for all of Vermont.
I will implement the following ideas as rapidly as possible to grow jobs for Vermont.
I will properly fund the regional economic development organizations and the regional planning commissions. This is where local business folks come to get the information they need. I will make sure that each region had the connections with groups such as the small business administration, Epcore, job-training programs and the sustainable jobs fund. These offices need to be the one stop-shopping place for regional businesses. I will shift $1 million from existing money spent in the central office in Montpelier.
I will assemble a group of small retail business owners to work with state government to consolidate the number of licenses and permits they need to operate their businesses. If we want our downtowns to prosper, we have to make it easier for retail businesses of all kinds to thrive in our downtown areas.
Travel and Tourism is an important part of the Vermont economy. For years the dollars we have invested in this area have only been in marketing. I believe that the agency needs to have several specially trained staff who understand the needs of these special businesses to work with them on business plans and marketing plans so they can get through the good and the bad times. Travel and Tourism is a specialized business just like farming and we should begin to address their business needs, not just their marketing needs. One specialized position $100,000.
Many businesses have trouble gaining access to capital, yet we know that our banks have money to lend. The problem is not that the banks don’t want to lend money, but they have come under so much more regulation from Washington that they can take very little risk. I will work with the Vermont Economic Development Authority (VEDA) and develop a new program that would allow VEDA to work with these businesses and the banks to create lending programs that cover the risk that the banks can’t take. This type of partnership should open the door to lending from the banks and encourage significant growth. Potentially several million dollars to capitalize.
Vermont is a state of innovators and it is time we truly recognized this and turned this asset into real jobs and real wealth for our state. I will start an office of Innovation and Intellectual Property as governor. This office will work with all the regional economic development groups and teach them the basics of helping a business or an individual with an innovative idea get on the path of securing the intellectual property rights for their idea. This office will also help find sources of capital for innovators and will encourage the growth of innovation of all types all around the state. As innovation and the demand for assistance with applying for patents grows, there could be assistance from this office in the form of grants and loans to help inventors achieve their goals of getting their intellectual property and then starting a successful business. For several years I have worked with VCET (Vermont Center for Emerging Technology) to help grow this type of idea. VCET now has a small seed capital fund to help businesses that meet their criteria.
The industry that has been hit the hardest in this recession is that of the building trades. Just like the rest of the country the Vermont housing sector has stalled. From looking at numbers and talking with folks in the field, I think it is safe to say that this sector is suffering from an unemployment rate of at least 30%. If we really want to jump start the Vermont economy, this is the sector we should help. I propose borrowing $15 million a year for two years and giving the money to Housing and Conservation. The housing organizations around the state very easily turn $15 million into $60 million with the financial packages they develop. This would mean $60 million a year spread around the state to begin to address the issue of affordable housing. Every discussion concerning growing our economy comes back to the lack of affordable housing. This two-year program would get the building trades back to work and begin to address the shortage of affordable housing.
I believe that the above steps, combined with my plan for agriculture, will get our economy moving in the right direction and will provide job growth for a number of years. We can fund many of these changes by a reallocation of the existing dollars in the Agency of Commerce and Community Affairs. I feel that these dollars need to be at work in the field, not in Montpelier. There are many Vermonters who are eager to grow their business or to start a business; we just have to provide the right attitude and the right incentives.
As governor there are a number of things I would work to have implemented to help retain and create jobs for Vermonters. The one issue that we all agree upon is that the telecommunications-high speed Internet structure must be developed rapidly and it must reach all parts of the state. This will need to be a public/private partnership to support access for all Vermonters. This is an example of having lots of the parts, but no system. My administration will immediately assemble the parts that exist, the parts that are planned and all the partners to lie out the completion of an up-to-date system for all of Vermont.
I will implement the following ideas as rapidly as possible to grow jobs for Vermont.
I will properly fund the regional economic development organizations and the regional planning commissions. This is where local business folks come to get the information they need. I will make sure that each region had the connections with groups such as the small business administration, Epcore, job-training programs and the sustainable jobs fund. These offices need to be the one stop-shopping place for regional businesses. I will shift $1 million from existing money spent in the central office in Montpelier.
I will assemble a group of small retail business owners to work with state government to consolidate the number of licenses and permits they need to operate their businesses. If we want our downtowns to prosper, we have to make it easier for retail businesses of all kinds to thrive in our downtown areas.
Travel and Tourism is an important part of the Vermont economy. For years the dollars we have invested in this area have only been in marketing. I believe that the agency needs to have several specially trained staff who understand the needs of these special businesses to work with them on business plans and marketing plans so they can get through the good and the bad times. Travel and Tourism is a specialized business just like farming and we should begin to address their business needs, not just their marketing needs. One specialized position $100,000.
Many businesses have trouble gaining access to capital, yet we know that our banks have money to lend. The problem is not that the banks don’t want to lend money, but they have come under so much more regulation from Washington that they can take very little risk. I will work with the Vermont Economic Development Authority (VEDA) and develop a new program that would allow VEDA to work with these businesses and the banks to create lending programs that cover the risk that the banks can’t take. This type of partnership should open the door to lending from the banks and encourage significant growth. Potentially several million dollars to capitalize.
Vermont is a state of innovators and it is time we truly recognized this and turned this asset into real jobs and real wealth for our state. I will start an office of Innovation and Intellectual Property as governor. This office will work with all the regional economic development groups and teach them the basics of helping a business or an individual with an innovative idea get on the path of securing the intellectual property rights for their idea. This office will also help find sources of capital for innovators and will encourage the growth of innovation of all types all around the state. As innovation and the demand for assistance with applying for patents grows, there could be assistance from this office in the form of grants and loans to help inventors achieve their goals of getting their intellectual property and then starting a successful business. For several years I have worked with VCET (Vermont Center for Emerging Technology) to help grow this type of idea. VCET now has a small seed capital fund to help businesses that meet their criteria.
The industry that has been hit the hardest in this recession is that of the building trades. Just like the rest of the country the Vermont housing sector has stalled. From looking at numbers and talking with folks in the field, I think it is safe to say that this sector is suffering from an unemployment rate of at least 30%. If we really want to jump start the Vermont economy, this is the sector we should help. I propose borrowing $15 million a year for two years and giving the money to Housing and Conservation. The housing organizations around the state very easily turn $15 million into $60 million with the financial packages they develop. This would mean $60 million a year spread around the state to begin to address the issue of affordable housing. Every discussion concerning growing our economy comes back to the lack of affordable housing. This two-year program would get the building trades back to work and begin to address the shortage of affordable housing.
I believe that the above steps, combined with my plan for agriculture, will get our economy moving in the right direction and will provide job growth for a number of years. We can fund many of these changes by a reallocation of the existing dollars in the Agency of Commerce and Community Affairs. I feel that these dollars need to be at work in the field, not in Montpelier. There are many Vermonters who are eager to grow their business or to start a business; we just have to provide the right attitude and the right incentives.
Susan,
ReplyDeleteI am a retired teacher. I would like to find part-time work in education or in a field which would challenge my mind, preferably in science or technology. However, most of the opportunities which I see advertised by non-governmental organizations in Vermont are retail or otherwise low-wage, low-responsibility types. More government jobs seem to be disappearing than materializing over the Douglas years, despite his touted slogan of Jim=Jobs. Maybe the new administration should consider tapping the senior labor resource for meaningful employment with reasonable compensation rather than trying to get by with appeals to cheap volunteerism. I can't believe that State officials are unaware of the constantly rising costs of living for the many non-wealthy seniors and the wealth of knowledge and experience of those same people. Volunteering is spiritually satisfying, but the power bills and taxes have to be paid and groceries have to be purchased, and social security payments seem to run out faster these days.
At last someone has given realistic jobs plans for Vermont. That can be very effective to find the jobs in their relative fields.
ReplyDelete