Business and economic development leaders from around the country hear from Sec. Blank at the White House.
INSOURCING BUZZ: Midland, Saginaw Economic Leaders Look to Future
Bringing Jobs Back is Goal of Obama Administration Program
August 29, 2013
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By: Dave Rogers
Regional economic development leaders attended a White House forum on Wednesday.
The buzzword of the day was "insourcing."
The forum provided an opportunity to discuss the Obama administration's efforts to support U.S. businesses and encourage companies to bring good jobs back to America, a trend called insourcing," said Acting Commerce Secretary Rebecca Blank," adding:
"Both American and international firms are increasingly looking for opportunities to invest in the U.S. And businesses are not only choosing to bring jobs back, but they are also making decisions to expand here instead of shipping jobs overseas.
"These investments mean that more products will be made in America. That means more jobs and greater economic security for families across this nation. In an effort to accelerate insourcing among U.S. companies, President Obama has called on Congress to end tax breaks for companies that ship jobs overseas and give tax breaks to companies that bring jobs back.
Midland Tomorrow Chief Executive Officer Scott Walker and Saginaw Future Inc. President JoAnn Crary joined approximately 50 economic development professionals from across the country at a White House forum on economic development.
This is the second year the International Economic Development Council (IEDC), SelectUSA and other partners have hosted the forum at the White House.
Key topics were discussed that have the greatest potential to positively impacbr>
This is the second year the International Economic Development Council (IEDC), SelectUSA and other partners have hosted the forum at the White House.
Key topics were discussed that have the greatest potential to positively impact job creation in the near- and long-term.
The event featured substantive dialog and exchanges of ideas between attendees and the most senior decisions makers involved in federal economic development programming and policies from several federal agencies,t job creation in the near- and long-term.
"The Great Lakes Bay Region is an important economic engine and has great companies that are vitally important to our national economy," said Scott Walker, Midland Tomorrow Chief Executive Officer, "It's critical to participate in the Washington DC forums regarding the key issues facing our country."
Crary spoke at a session titled 'Facilitating Investment and Promoting Economic Growth in the US', commenting:
"This was a tremendous opportunity to interact with the recently appointed Commerce Secretary Pritzker, Select USA Director Thummalapally and other federal leaders impacting economic development," Crary stated. "We look forward to our collaborative efforts to attract jobs and investment to the Great Lakes Bay Region."
Dave Rogers
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Dave Rogers is a former editorial writer for the Bay City Times and a widely read, respected journalist/writer in and around Bay City. (Contact Dave Via Email at carraroe@aol.com)
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