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

Jan 21, 2015 In The News

Chris Jennewein - As the 114th Congress convened on Tuesday, Rep. Scott Peters issued a list of 10 New Year’s resolutions ranging from creating jobs and supporting the military to comprehensive action on immigration.

The Democrat from La Jolla, who narrowly won a second term by beating challenger Carl DeMaio in November, was sworn in by House Speaker John Boehner.

Jan 21, 2015 In The News

Dave Schwab - 2014 was a good year for Peninsula residents, whose leaders are looking ahead to an even better 2015. Meanwhile, The Beacon reached out to Peninsulans to talk about their wish lists this year and about what they anticipate happening as the new year unfolds.

Gretchen Kinney Newsom, president of Ocean Beach Town Council, said there’s a plethora of things to look forward to and to strive to achieve, adding that she expects the council to be up to the task.

Jan 20, 2015 Press Release
“I was encouraged to hear President Obama engaging on issues of importance to San Diego and the country, and calling for bipartisanship on economic growth. Despite the recent good economic news, there are still too many families who are working harder than ever yet are still unable to get ahead. Fair wages and tax breaks for working families are a good first step, but the real answer lies in providing greater opportunities for prosperity for all." For the speech, Congressman Peters joined with his colleague from Arizona Congresswoman Kyrsten Sinema to bring Dr. Howard and Jean Somers to raise awareness on the tragic problem of veteran suicide.
Jan 13, 2015 Press Release
Today, U.S. Congressman Scott Peters (CA-52) joined San Diego business leaders at a summit on International Trade hosted by the White House Business Council and Business Forward. The forum focused on opportunities for American companies to expand their exports and for the administration to hear perspectives from successful businesses across the country.
Jan 13, 2015 Press Release
"Democrats need to have a real plan that creates economic opportunities for the millions of hardworking middle class men and women who are playing by the rules, and working harder than ever, but continue to feel like they can’t get ahead. And we need a plan for our young people entering the workforce unsure about their futures, worried about being able to afford college and whether there will be a job for them when they graduate. If we don’t figure out how to successfully share this message we will lose touch with the core of the Democratic Party and the desires of everyday Americans."
Jan 7, 2015 Press Release
Congressman Scott Peters (CA-52) helped pass H.R. 22, the ‘Hire More Heroes Act,’ in the House of Representatives. The bill exempts veterans, reservists, and others who receive healthcare benefits from the Department of Veterans Affairs (VA) or TRICARE from being counted toward the employer mandate under the Affordable Care Act.
Jan 6, 2015 Press Release
“Americans are exasperated by the lack of progress and productivity from Congress, and rightly so,” said Rep. Peters after being sworn in to his second term. “Today, I issue this list of New Year’s Resolutions for the 114th Congress as a call to action, and a reminder to us all that we’ve been granted a great and serious honor by the American people. We owe them more policy and less politics, and our steadfast commitment to giving them a Congress they can be proud of, and the representation they deserve.”
Dec 11, 2014 Press Release
This evening, U.S. Congressman Scott Peters (CA-52) voted in favor of bipartisan legislation that prevents a federal government shutdown and funds San Diego’s border infrastructure, gives our troops a pay raise, brings in personnel to cut down on the backlog of claims at the Department of Veterans Affairs (VA), provides money to fight wildfires, and supports NIH and algae research being done in our region.
Dec 4, 2014 Press Release
“Passing this bill will benefit San Diego’s economy and serve our national security interests,” Rep. Peters said. “This will improve our military’s readiness efforts and protect our promises to servicemembers and their families. I am glad that the House and Senate Armed Services Committees came together for a constructive discussion to form this agreement, ensuring that we pass our 53rd straight military budget.”
Dec 2, 2014 Press Release
Today, the Housing Assistance Efficiency Act, introduced last summer by U.S. Congressman Scott Peters (CA-52), passed the House of Representatives unopposed. It comes as the City of San Diego seeks to find a permanent home for its temporary homeless shelter, and as the colder winter season places homeless populations across the country in an increasingly vulnerable position.