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

Jul 29, 2015 Press Release
Today, Representatives Earl Blumenauer (OR-03), Suzan DelBene (WA-01), Scott Peters (CA-52) called on U.S. Trade Representative (USTR) Michael Froman to secure a strong and fully enforceable Trans-Pacific Partnership (TPP) environment chapter.
Jul 29, 2015 Press Release
Congressmen Scott Peters (CA-52) and Matt Salmon (AZ-05), bipartisan co-chairs of the Congressional Algae Caucus, introduced the “Carbon Capture Research and Development Act.” The bill would help speed the development and deployment of new technologies that can convert captured CO2 to fuels, chemicals, and other products by adding “conversion, use, and storage of carbon dioxide” to the Fossil Energy Office’s list of research areas.
Jul 29, 2015 Press Release
“Our current budgeting system gives no incentive to make investments today that will create millions of jobs, save billions of dollars, and keep the United States ahead of our competitors.”
Jul 27, 2015 Press Release
Congressman Scott Peters (CA-52) led a letter, with support from a bipartisan group of 78 other colleagues, to House leadership asking for changes to the Inter Partes Review (IPR) portion of H.R. 9, the so-called “Innovation Act,” before the bill comes to the floor for a vote. Peters has been out front and persistent in the fight to make substantial changes to the currently-flawed legislation before it is considered by the whole House of Representatives.
Jul 22, 2015 Op-Eds
The increased frequency and magnitude of extreme weather has resulted in immense recovery costs. In 2011 alone, disasters left $170 billion in damages in their wake. These annually increasing costs are in many ways preventable. Research has shown that every $1 spent on preparedness saves $4 in disaster recovery costs.
Jul 20, 2015 Press Release
By passing DODESA, we can diversify the DOD’s energy portfolio and promote energy efficiency, which will enhance our national security and protect our warfighters from the needless harm that comes from transporting convoys of fuel across remote battlefields.
Jul 16, 2015 Press Release
“Two of the deadliest wildfires in California history, the Witch and Cedar fires, occurred in San Diego and killed 17 people; this is also a matter of life and death,” Congressman Peters continued. “The images of depleted reservoirs, lakes, and streams drying up abound, and millions of dead trees litter our forests. As the New York Times reported just yesterday, ‘For those who know fire, fuel is all they see.’”
Jul 15, 2015 Press Release
“When we passed the last short-term patch – just two months ago – we were told that the time would be used to develop a robust, long-term, and sustainable plan for funding the investments necessary to move us beyond simply maintaining the crumbling, mediocre system we currently have. Instead of taking this task on, Congress is letting the American people down by punting this along with no real plan for action. Congress’s failure to act is hindering economic and job growth, and harming states and localities who are counting on the consistency of a multi-year infrastructure strategy.
Jul 14, 2015 Press Release
Today, H.R. 1047, the “Housing Assistance Efficiency Act,” introduced by Congressman Scott Peters (CA-52) passed the United States House of Representatives.
Jul 10, 2015 Press Release
The legislation includes almost $1.2 billion in emergency funds for reclamation projects, increased water infrastructure support, water reuse and recycling efforts, assistance for farm communities, and contaminated groundwater cleanup.