Congressman Scott Peters

Representing the 52nd District of California

Jobs and the Economy

Representative Scott Peters Working to Spur Growth for San Diego’s Economy

 

Read my full plan – “Growing the Economy and Creating Jobs in San Diego and Across the Country” – HERE

San Diego, and our country as a whole, is still recovering from one of the toughest recessions in America’s history. Stimulating job creation and economic growth is paramount on our path to recovery. In order to expand economic opportunities for the middle class and plan for a prosperous future, we must bolster the pillars of the San Diego economic engine: innovation and scientific research; the military, defense, and our veterans; and our world-renowned tourism industry.

I. Advancing the Innovation Economy, Scientific Research, & San Diego’s Talent-Rich Environment

San Diego is home to numerous innovative companies and research institutions. We must engage the bevy of talented institutions to drive our economy forward. In 2013, our institutions compiled $785M in National Institutes of Health (NIH) awards, which encompassed nearly one fourth of California’s total. The following has been done to accomplish this goal:

  • I hosted successful roundtables and symposia with community and business leaders to discuss how Washington can support San Diego’s Innovation Economy.
  • Introduced the Igniting American Research Act which will expand and make permanent the Research and Development Tax Credit. According to the Information Technology and Innovation Foundation, the act will generate 150,000 jobs and increase GDP by $66B.
  • As a member of the Congressional Caucus on Innovation and Entrepreneurship, I introduced a resolution for one day each year as National Entrepreneur’s Day in memory of San Diego Innovator, Duane Roth.
  • Support the repeal of the medical device excise tax, which will aid an industry that employs 3,200 San Diegans and delivers an economic impact of $2.629 billion dollars each year to the economy.
  • I was awarded the 2014 Visionary Award by the non-partisan California Healthcare Institute (CHI) for introducing the Health Savings Through Technology Act which will facilitate the incorporation of wireless health technologies into federal health care programs.
  • I am leading an initiative to increase NIH funding by nearly $5 billion to reach the level of $35 billion in coming years. Research by the Milken Institute suggests that $1 of NIH funding in biomedical research generates $2.21 in economic output.

II. Ensure Benefits and Growth Opportunities for Military and Veterans

The San Diego region is home to one of the largest concentrations of military force in the entire world. In the region, the military supports 317,000 jobs and $38.7 billion in gross regional product. As a member of the House Armed Services Committee, I advocate for the men and women who serve, and for the 225,000 veterans in the County.

  • Introduced the 21st Century Care for Military and Veterans act to expand coverage of telehealth to servicemembers, veterans, and their dependents by including wireless services in the TRICARE and VA health systems.
  • Introduced the Department of Defense Energy Security Act which will help the DOD reduce energy use, boost combat effectiveness, and expedite the development of advanced military technologies. The Navy is exploring alternative fuel sources, including biofuels such as algae, and San Diego---a national center for algae research--- is in strong position to benefit.
  • Introduced the Veterans Employment Transition Act, which will give employers a tax credit for hiring recently discharged veterans, and will improve job training programs between the Department of Veteran Affairs (VA), Department of Defense, and the Department of Labor.
  • Voted to enhance VA on-the-job training programs to create an office within the VA focused on vocational and education programs, and to support federal contracting with small businesses that are owned by veterans.

III. Generate Economic Growth by Stimulating Tourism

I understand the importance of the tourism industry to the San Diego economy. Each year, over 33 million people visit our district to enjoy the weather, natural beauty, and abundant local attractions. That’s why I advocate for legislation that will support the flourishing tourism industry which accounts for 158,000 San Diego jobs.

  • I supported legislation to expedite the visa interview process which will increase the number of international tourists visiting the United States, many of whom will come to San Diego.
  • Supported a proposal, which passed the House, to continue the public-private partnerships that have been created to foster tourism and job creation in the United States.
  • Introduced the Safe and Secure Border Infrastructure Act, which will improve efficiency and security at our nation’s busiest border crossings

For more information on my record or ideas on growing the economy and creating jobs, please contact my office HERE or at 202-225-0508. My full plan to create jobs can be read HERE.

Thank you.

See also information on Jobs and resources for Businesses.

More on Jobs and the Economy

Oct 30, 2014 Press Release
Biocom President Joe Panetta and local business leaders, including former San Diego Mayor Jerry Sanders, gathered at Arena Pharmaceuticals in Sorrento Valley to announce that U.S. Congressman Scott Peters (CA-52) will be named Biocom’s 2014 ‘Elected Official of the Year.' Rep. Peters is receiving the award for his advocacy for federal scientific research and commitment in Congress to promoting San Diego’s world-renowned biotechnology industry.
Oct 20, 2014 Op-Eds
We already have many of the technologies needed to fight super pollutants. Given how harmful these super pollutants are on our environment, it only makes sense to use these existing technologies to reduce our emissions and slow climate change before it is too late.
Oct 8, 2014 Event

WHAT: Screening of 'The Burden' and Panel Discussion

PANEL: Congressman Scott Peters, California's 52nd District

            Andrea Marr, Former Navy Officer and Operation Free spokesperson

            Nicole Capretz, Director of Policy for City of San Diego Councilmember Ed Harris

            Rosco Williamson, Chair of PLNU’s History Political Science Department

            April Maskiewicz, Chair of PLNU’s Biology Department

Oct 1, 2014 Press Release
“I am proud of my record supporting women by promoting educational and economic opportunities, defending their right to make their own healthcare decisions, and ensuring they are legally protected in the tragic situations of domestic violence,” Rep. Peters said. “Pay equity and equal access for women and girls to science, technology, engineering, and math (STEM) education will be critical pieces to growing the economy and keeping our country competitive in coming years.”
Sep 23, 2014 Press Release
This legislation will reduce the compliance costs and paperwork burden that comes with quarterly tax filings – a burden that is stunting small and new businesses. As I continue to push for comprehensive tax reform that simplifies the tax code and makes our country more competitive, this bill would provide immediate tax reporting relief to the small companies that drive economic growth and job creation.
Sep 22, 2014 Event

Event: Town Hall with the San Diego Biotechnology Network

Sep 19, 2014 Press Release
Congressman Scott Peters (CA-52) continued his effort to convince Speaker John Boehner that the House of Representatives should not adjourn early for seven weeks of campaigning. Yesterday, Rep. Peters led 42 of his colleagues in sending a letter to the Speaker demanding votes on important, pending legislation.
Sep 16, 2014 Press Release
“Far too often pregnant workers are denied simple, minor work adjustments – like receiving assistance with certain strenuous tasks or being transferred short-term to a less physically demanding job – that too often results in them being fired or having to take unpaid leave” Rep. Peters said. “This type of discrimination is unacceptable. Many households rely on women’s wages to pay the mortgage, educate their children, and save for retirement.”
Sep 15, 2014 Press Release
“Everyone agrees that our current system is broken and in dire need of reform,” Rep. Peters said. “This bipartisan proposal would create jobs, reduce the deficit, and benefit San Diego. It has gotten the support of local and national business groups, labor unions, faith leaders, farmers, and the majority of Americans, and it is time for Speaker Boehner to allow a vote. This legislation could become law if it were given a vote on the House floor."