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

Jun 19, 2015 Press Release
Congressman Scott Peters stood with innovative job-creators and leaders in San Diego’s economic community supporting a repeal of the harmful medical device tax.
Jun 12, 2015 Press Release
Congressman Scott Peters (CA-52) released the following statement after voting in favor of Trade Adjustment Authority (TAA) and Trade Promotion Authority (TPA). TPA provides more than 100 directives to President Obama that must be met in future international trade agreements.
Jun 10, 2015 Press Release
“No American should be fired or denied a job or place to live for being who they are or because of who they love,” Rep. Peters said. “My amendment would demonstrate that Congress is willing to lead on equality and fairness as we work toward full non-discrimination provisions for LGBT individuals.”
Jun 2, 2015 Op-Eds
The medical device tax hinders job growth in the industry and keeps companies from investing billions of dollars into research and development. According to multiple industry surveys, approximately three-quarters of its members have deferred or canceled capital investments, reduced investment in start-ups, experienced difficulty raising capital, or deferred pay raises for employees because of the medical device tax. While these resources could be used to cultivate the next generation of life-saving devices, they're instead being sent to the IRS.
Jun 1, 2015 Press Release
Congressman Scott Peters (CA-52) spoke on the House floor supporting his amendment to H.R. 1335 to give communities input and increase the ability of local agencies to hold polluters more accountable after an oil or hazardous materials spill.
May 19, 2015 Press Release
"It is long past time for Republicans and Democrats to come together behind a real and enduring plan to fix our nation’s crumbling roads and bridges and to modernize our shipping ports so we can increase growth, overcome wage stagnation, and create jobs,” said Rep. Peters.
May 15, 2015 Press Release
Our country needs a strong, smart, forward-looking military force that provides our warfighters with the tools necessary to quickly and decisively confront the dynamic new threats facing our nation at home and our countrymen abroad,” Rep. Peters said. Congressman Peters had seven amendments included in this year’s NDAA.
May 12, 2015 Press Release
Recently, Congressman Scott Peters (CA-52) reintroduced legislation to help communities better prepare for disasters. “Building up community resiliency will save lives and save money; we know that for every dollar invested in preparedness and resiliency, we save four dollars in restoration. Not to mention the lives that could be saved, something we cannot put a dollar value on,” Rep. Peters said.
May 11, 2015 Press Release
Late last week, Congressman Scott Peters (CA-52) led a group of first and second-term members of the U.S. House of Representatives in calling for a repeal of the harmful medical device excise tax. The letter, sent to House Speaker John Boehner, Minority Leader Nancy Pelosi, Ways and Means Committee Chairman Paul Ryan, and Ways and Means Committee Ranking Member Sander Levin, was co-signed by 17 other members.
May 4, 2015 Press Release
Congressman Scott Peters (CA-52) and representatives from Zero8Hundred met with the Secretary of Veterans Affairs (VA), Robert McDonald, to discuss the innovative approach San Diego is taking in providing assistance to service members as they transition into civilian life and employment.