Economy | Congressman Tim Ryan
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Economy

As our country continues to grapple with the effects of globalization and automation and the challenges of the 21st Century economy, putting people back to work continues to be my number one priority as a member of Congress. We need fundamental changes that result in innovative, broad-reaching legislation that will grow the economy, give our children the skills they need to succeed in the future, reward businesses that keep jobs in the United States, create a level playing field for American workers in the global market.

There is no doubt we must do more to help educate the next generation for careers in this changing economy. Science, technology, engineering and math (STEM) education helps drive our nation’s economic train and ensures our children will be prepared to lead the world in innovation and entrepreneurship. To learn more, click here:

We need an immediate investment and focus in putting Americans back to work – in good paying jobs that will help grow the economy and strengthen our communities. Around the country our crumbling roads, bridges, railroads and sewer systems urgently need improvements and repairs. A long-term robust investment in our country’s infrastructure, including upgrading our country’s broadband network and electrical grid, can help put American’s back to work. To learn more, click here:

We cannot move our country forward, however, without growing our manufacturing sector. Manufacturing is a vital American industry and the backbone of our country, when manufacturers are given the tools they need to compete in a global marketplace, Americans prosper and our nation becomes stronger.  To learn more click here: 

We have begun to witness the massive economic boon that transitioning to a clean-energy economy can bring throughout the country. In Ohio alone over 100,000 jobs are supported by the clean energy sector, and that number is growing fast – by a rate of 4.9 percent. The clean energy economy is growing in every Midwestern state, and smart government investment in clean energy can help grow it even faster. To learn more, click here: 

More on Economy

August 3, 2020 Press Release

Lordstown, Ohio – Congressman Tim Ryan made the following statement in response to today’s announced merger between Lordstown Motors and DiamondPeak Holdings Corp. According to reports, $675 million of gross proceeds from merger are expected to fund production of the Lordstown Endurance. The reported combined equity value of the company is $1.6 billion. 

July 14, 2020 Press Release

Washington, DC – Congressman Tim Ryan (OH-13), a Member of the Defense Appropriations Subcommittee, applauded passage of the Fiscal Year 2021 Defense spending bill which Ryan was able to shape using his position on the Subcommittee. The bill funds many local, state, and national programs championed by Ryan, including funding in the bill for two additional new C-130J aircraft for the Air Force Reserve.

July 1, 2020 Press Release

Washington, D.C. – Congressman Tim Ryan (OH-13) today is announcing a $5 million CARES Act grant to the Mahoning Valley Economic Development Corporation (MVEDC) to capitalize a Revolving Loan Fund that will provide financing to small businesses affected by the COVID-19 pandemic. The loan fund will lend to borrowers in both Mahoning and Trumbull Counties who have seen economic dislocation and provide resources to support long-term economic gains. 

May 19, 2020 Press Release

Washington, DC – Representatives Tim Ryan (D-OH-13) and David Joyce (R-OH-14) along with Senators Sherrod Brown (D-OH) and Rob Portman (R-OH) have introduced legislation in the House and Senate to provide greater funding certainty to the Ohio & Erie Canalway National Heritage Area by extending funding reauthorization 15 years, to 2036, and increasing the funding cap by $10 million. The Ohio & Erie Canalway National Heritage Area spans more than 110 miles between New Philadelphia and Cleveland.

May 15, 2020 Press Release

Washington, DC — Congressman Tim Ryan (OH-13) voted today in support of the Heroes Act, a bold and comprehensive legislative package that meets the challenges this pandemic poses to our nation. The Heroes Act provides additional cash assistance payments, financial aid to local communities, hazard pay for essential workers, and support for testing, tracing, and treatment. The Heroes Act will protect working-class Americans by providing crucial stabilization funds.

May 11, 2020 Press Release

Washington, DC – Congressman Tim Ryan (OH-13) urges House and Senate Leadership to update the Paycheck Protection Program (PPP) and the Emergency Injury and Disaster Loan Program (EIDL) to account for the needs of local businesses and the current timeframe for businesses to reopen in the face of the unprecedented COVID-19 crisis.

April 23, 2020 Press Release

Washington, DC – Congressman Tim Ryan (OH-13) today voted in support of the Paycheck Protection Program & Health Care Enhancement Act, providing an additional $370 billion in assistance to small businesses through the Paycheck Protection Program, the Emergency Disaster Lending Program, and the Economic Injury Disaster Loan (EIDL) Program. The legislation also provides an additional $75 billion for hospitals and medical providers, and $25 billion for coronavirus testing.

April 17, 2020 Press Release

Youngstown, Ohio – Today, Representative Tim Ryan (OH-13) joins Reps. Rosa DeLauro (CT-03), Steve Cohen (TN-09), and more than 30 cosigners in urging House and Senate leaders to repeal a $170 billion tax break that was slipped into the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) for the benefit of hedge fund owners and wealthy real estate developers. While most Americans will get a one-time economic impact payment of $1,200, the small number of wealthy individuals eligible for this tax break stand to gain an average tax break of $1.6 million.

April 16, 2020 Press Release

Youngstown, Ohio – Congressman Tim Ryan (OH-13) today urged Ohio Governor Mike DeWine to expedite the implementation of the Pandemic Unemployment Assistance (PUA) program to expand eligibility for unemployment insurance in Ohio to those who would not normally qualify. The PUA was established in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

April 14, 2020 Press Release

Akron, Ohio – Congressman Tim Ryan is today announcing $7.8 million in federal COVID-19 funds made available through the CARES Act to local airports, including $7.6 million for Akron Canton Regional Airport. This funding is part of nearly $10 billion available from the CARES Act to eligible U.S. airports to help them respond to coronavirus impacts and for ongoing airport operations such as continued employment.

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