Getting the economy back on track and creating good paying jobs here in Wisconsin is my first, second, and third priority. I am advocating for policies that will create and save jobs, invest in stabilizing state and local economies, and provide help to the unemployed.
As of August 1, 2010, we have now seen our national economy create private-sector jobs for seven months in a row for a total of 630,000 private sector jobs so far this year. The manufacturing sector alone is up 183,000 jobs.
As of August 1, 2010, Wisconsin has added more than 25,400 jobs since December and manufacturing jobs are up 10,900, leading the recovery. The unemployment rate in Wisconsin in July was at 7.8%, a strong decline from 8.9% in July 2009 and according to the Wisconsin Department of Revenue, is expected to grow 1.7% and 2.5% during 2011 and 2012, respectively.
Small businesses are the backbone of our economy, creating 2 out 3 new jobs according to the Small Business Association (SBA). This is why any job growth strategy must begin with a focus on Main Street.
Working for Western Wisconsin
The private sector creates job growth -- not the federal government -- and I am focused on promoting policies that position our businesses in western Wisconsin to remain competitive and continue growing. Below are some of the initiatives I have supported to help create the incentives and positive economic climate to get Wisconsin businesses and families working again.
American Made: Ensuring a Strong Economy
We must build, construct and grow manufacturing in Wisconsin and across America in order to ensure a strong American economy.
That's why I've put together a plan to help us do just that.
By capitalizing on existing American strengths -- a well educated and well trained labor force, innovation, and competitive spirit; supporting the transformation and growth of America's manufacturers to move into the markets of the future; and by coordinating with federal, state, local governments and private institutions, we can ensure America's economic success.
Strengthening Our Economic Competitiveness
More than half of the growth in the size of our economy since World War II can be attributed to development and adoption of new technologies. I supported the America COMPETES Reauthorization Act, which passed the House of Representatives on May 28th, to strengthen science, technology, engineering, and math education; double our investments in the basic research that lays the foundation for future prosperity; and foster innovation through helping small and medium-sized manufactures access capital to become more efficient and creating Regional Innovation Clusters. These investments are crucial to ensuring our nation can compete in a global economy and remain the most innovative, creative country in the world.