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

Apr 23, 2015 Op-Eds
Let's take a cue from the Pentagon and the private sector - enterprises that already account for the costs of carbon. The idea that we have to choose between economic growth and environmental sustainability is a false one and should be rejected. Barring agencies from including the social cost of carbon is not just a backward approach, but threatens our country's ability to create high-quality jobs and to ensure our nation's future security. Congress should embrace the use of the social cost of carbon as a way to increase informed policy making.
Apr 22, 2015 Press Release
Congressman Scott Peters (CA-52) voted against efforts to undermine the Consumer Financial Protection Bureau (CFPB) and continued his support for programs that protect Americans from fraud and predatory practices. The CFPB was established in the wake of the 2008 financial collapse to help safeguard the American people from future financial sector malfeasance.
Apr 3, 2015 In The News

BAE Systems will significantly expand dry-docking capabilities at its San Diego shipyard, enhancing the ship repair, maintenance, and modernization services the company provides to the U.S. Navy, other government agencies, and commercial customers. The investment by BAE Systems, which will include the purchase of a new dry dock and a range of infrastructure improvements at the yard, will total approximately $100 million.

Apr 3, 2015 In The News

San Diego, CA – U.S. Trade Representative Michael Froman, the chief United States official on international trade, came to San Diego Tuesday to highlight California as a national model for why President’ Obama’s historic trade agenda is central to his State of the Union theme of Middle Class Economics: because exports and trade unlock economic opportunity for Americans. 

Mar 31, 2015 Press Release
U.S. Congressman Scott Peters (CA-52) and U.S. Secretary of Labor Thomas Perez toured the Homeless Veteran Reintegration Program at People Assisting the Homeless (PATH) in Downtown San Diego. Rep. Peters and Secretary Perez met with homeless veterans and service providers to hear their perspectives on how to help homeless veterans off the streets, into stable housing, and back into the job market.
Mar 27, 2015 Press Release
Affordable higher education for every American willing to work for it is central to ensuring future generations can achieve the American Dream and our nation’s competitiveness. I would not have been able to attend college without student loans and work study programs. We should be making it easier and more affordable for students to go to college, not keeping it financially out of reach for more and more families.
Mar 25, 2015 Press Release
All Americans should have the opportunity to earn a living, own a home, put away something for retirement, and pursue their dreams. We need a middle-class prosperity budget that keeps America’s engine revving, creates high-paying jobs, and improves the skills of all Americans who seek them.
Mar 16, 2015 Press Release
Representatives Scott Peters (CA-52) and Joaquin Castro (TX-20) led 71 other colleagues in a letter to President Obama urging him to take concrete actions to help clear the green card backlog, improve the lives of hundreds of thousands of immigrants, and provide a critical shot in the arm for innovation and job creation.
Mar 10, 2015 In The News

After several straight months of positive numbers on jobs and unemployment, the American economy finally looks poised for recovery.

But under the hood, the engine of American job growth might be sputtering.

Mar 10, 2015 In The News

San Diego’s homeless population was fifth largest among major American cities last year, but its federal funding from a key source was dramatically less than cities with a fraction of the homeless population.