nvdaily.com link to home page

Traffic | Weather | Mobile Edition
Archives | Subscribe | Guide to the Daily

Local News arrow Business arrow Economy and Jobs

| 0 | 1 Comment

Wolf, Warner promote jobs bill

* Breaking News

If local news is breaking and you know about it:
* Call Us: 800-296-5137
* E-mail Us
* Upload Your Photos

Bipartisan effort has incentives for employers

By James Heffernan -- jheffernan@nvdaily.com

U.S. Sen. Mark Warner, D-Va., and Rep. Frank Wolf, R-10th, have introduced a joint initiative to encourage the creation of new manufacturing jobs in America.

The bipartisan effort includes a competitive grant program for states to recruit companies, additional federal incentives for employers, improved worker training and industry certification, and fast-track financing for businesses to expand exports.

The initiative builds upon Warner's 2010 America Recruits Act, aimed at helping rural and economically distressed areas of the country, and incorporates elements of Wolf's Bring Jobs Back to America Act, designed to reclaim jobs that have been outsourced overseas over the last two decades.

"America's competitors for these solid, good-paying manufacturing jobs are nations like India, China and Korea -- countries which have consistently offered generous incentives to attract investment and jobs," Warner says in a statement. "Our legislation provides more tools for states and localities, allowing them to 'tip the balance' by providing an additional financial incentive and a trained, qualified workforce as employers are considering where to open new factories and hire new workers."

"I believe that a strong manufacturing and technology development base is critical to job creation and the economic competitiveness of the United States," Wolf adds. "However, we have been far too slow in responding to our international economic competitors in this era of global markets and competition.

"This legislation helps to re-focus the United States to be more proactive and a smarter competitor in the global economy -- both in the short-term and long-term," Wolf says. "We cannot afford to wait. Our international competitors aren't."

Specifically, the legislation:

• Creates a competitive grant program for states to provide up to $5,000 in forgivable loans for each new manufacturing job created and maintained for at least five years within rural or economically distressed areas;

• Works with employers to develop training and education programs for specific jobs available at area businesses, strengthening those programs that provide an industry-recognized credential for workers in the advanced manufacturing and information technology industries; and

• Expedites federal financing to allow certain qualifying companies to increase export capacity.

Wolf touted American manufacturing can-do last year during a tour of Thermo Fisher outside Middletown, which recently completed a $9 million addition to its medical diagnostics facility, producing 50 new jobs.

Locally, the manufacturing sector has been resilient in the face of the economic downturn with the opening of Mercury Paper's manufacturing-distribution facility in Strasburg and expansions at the Quebecor World and Kraft Foods plants in Frederick County. And Toray Plastics in Warren County, which makes polyolefin foams for the automotive and flooring markets, is currently receiving assistance from the state to offset the cost of retraining its 90 employees.

But there have been setbacks as well: the closing of General Electric's Winchester Lamp Plant last September in response to new federal lighting efficiency standards; International Automotive Components' decision to ship 110 jobs from Strasburg to Mexico in 2009; and cabinet maker American Woodmark's shuttering of its Berryville and Moorefield, W.Va., plants that same year.

1 Comment

What in the heck else is new!!?? Every congressional official who seeks election or re-election spouts off this redundant rhetoric... Nothing will be done; the stock market will once again continue to drop significantly; congressional representatives will trade their morals and virtues for sexual favors and covert contributions, and the voters will complain as to the outcome of elections... They will "not" be elected if there is no "scrutiny" administered... What a sorry lot we are... Reginald D. Arno Danville, Va...

Leave a comment

What do you think?

(You may use HTML tags for style)


Comments that are posted on nvdaily.com represent the opinion of the commenter and not the Northern Virginia Daily/nvdaily.com.

Comments that contain Web addresses, e-mail addresses, personal attacks, name-calling or personal information considered by the editor to be inappropriate for posting here will not be posted.

Commenters agree to abide by our COMMENTS POLICY when posting. Questions? E-mail us at info@nvdaily.com.


Local News Sections

2010: Year in Review Agriculture Apple Blossom Festival Basye Berryville Big Picture Bob Wooten Books Boyce Breaking News Business Business Spotlight City of Winchester Civil War Clarke County Colleges Corrections Courthouse Notes: Building Permits, Real Estate Transactions Courts & Legal News Crime & Public Safety Economy and Jobs Edinburg Edward N. Bell Entertainment Environment fair Fall 2010 Festivals Fire & Rescue Fort Valley Frederick County Front Royal Great Train Raid Hard Times Health history History Holidays Homes In The Spotlight Jody Lynn Bradley Justin Shane Slater Ledger Livestock Local Government Local Markets Maurertown Media Middletown Military & Veterans Moms Mt. Jackson New Market Page County Pets & Animals Politics Quicksburg Religion School News Shenandoah County Shenandoah National Park Solar Farm Star Tannery Stephens City Strasburg Swine Flu Technology The Year in Review Toms Brook Tourism Traffic & Transportation Video In The Spotlight Warren County Weather Winchester Woodstock

News | Sports | Business | Lifestyle | Obituaries | Opinion | Multimedia| Entertainment | Homes | Classifieds
Guide to the Daily: Advertise | Circulation | Contact Us | NIE | Place a Classified | Privacy Policy | Subscribe

Copyright © The Northern Virginia Daily | nvdaily.com | 152 N. Holliday St., Strasburg, Va. 22657 | (800) 296-5137

Best Small Daily Newspaper in Virginia!

nvdaily.com | seeshenandoah.com