Jobs and the Economy:
The number one issue facing the Commonwealth today is jobs. Although we have made progress towards reducing the unemployment rate in Pennsylvania it is still 7.5% in July 2012, a huge increase from 4.2% in November of 2007. There are some economic sectors that are showing improvement in our commonwealth, such as mining & logging; education & health; information & technology; and trade, transportation, & utilities. But the improvements aren't huge, and many Pennsylvanians are having a hard time filling these jobs.
The economy has changed and so must we - Many see our situation as a problem to solve, but we also have an opportunity. Through bolstered education and job training programs, we can build a strong workforce. Through sound investment in the business sectors which have demonstrated that they will be the backbone of our 21st century economy, we can create high-paying jobs for Pennsylvania's workers. These are the two things we need most in order to not only recover from our current recession, but maintain a robust economy in the future.
Investing in the industries of Pennsylvania's future is critical to their growth and success here. We must adopt an "Invest Green In Green" strategy: invest our green dollars in the green economy. Support for green energy will create jobs in manufacturing, construction, and engineering. Much of that investment will come from the commonwealth. But we must also attract investments from out-of-state and overseas partners in alternative energy industries like wind and solar.
In addition, Tim has been a supporter of investing in Economic Development opportunities which assist in growing our economy and attracting more businesses to our Commonwealth. Just recently, Tim supported the creation of the Pennsylvania Resource Manufacturing Tax Credit which could open the door for as many as 20,000 new jobs both directly and indirectly.