Mobile Menu - OpenMobile Menu - Closed
Twitter icon
Facebook icon
Medium icon
YouTube icon
Instagram icon

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

April 10, 2020 Press Release

Washington, D.C. – Congressman Tim Ryan (OH-13) announces over $50 million in federal funds for colleges, universities, and other higher educational institutions in Ohio’s 13th Congressional District, as well as emergency financial aid grants for students. The institutions are allowed to keep a portion of the money they receive to help cover the significant financial losses many schools have suffered.

April 9, 2020 Press Release

Akron, OH – Congressman Tim Ryan today announced that Ohio will receive $40,732,260 in supplemental funding from the Department of Health and Human Services (HHS) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act to support 51 Ohio health centers amid the coronavirus pandemic. Of that funding, Asian Services in Action, Inc. and Axesspointe Community Health Center Inc.

April 9, 2020 Press Release

Washington D.C.—Today Congressman Tim Ryan cosponsored the Coronavirus Community Relief Act, new legislation to provide $250 billion in stabilization funds for local communities, cities, and towns across the United States that are struggling amidst the COVID-19 pandemic. 

April 3, 2020 Press Release

Lordstown, Ohio – Congressman Tim Ryan (OH-13) applauds GM-Honda announcement to use GM-LG Chem’s Ultium batteries, which will be built in Lordstown, Ohio, in a new joint venture to develop two new electric vehicles. 

April 2, 2020 Press Release

Youngstown, Ohio – After Congressman Tim Ryan’s urging, venture capital backed start-ups will now be eligible for coronavirus relief loans through the Paycheck Protection Program passed under the $2 trillion CARES Act, which became law last week. Today, Treasury Secretary Mnuchin released new guidelines for the Paycheck Protection Program loan eligibility to allow small businesses not controlled by a single outside shareholder to be eligible.

April 2, 2020 Press Release

Washington, D.C. -- Congressman Tim Ryan today urged US House Speaker Nancy Pelosi to ensure that any future COVID-19 economic stabilization legislation provide direct funding to cities, towns, and counties with a population under 500,000. 

The Congressman joined 125 of his House colleagues in suggesting to Speaker Pelosi that without targeted stabilization funding, smaller localities will be unable to continue providing these critical services needed to confront the COVID-19 virus.

March 13, 2020 Press Release

Washington, DC – Today, Congressmen Tim Ryan (OH-13) and Rep. Ro Khanna (CA-17) proposed legislation to establish an emergency Earned Income Tax Credit (EITC) in response to the COVID-19 pandemic. The bill would provide a check between $1,000 and $6,000 to every American who earned less than $65,000 last year. More than three-quarters of American workers would qualify for this tax relief.

December 17, 2019 Press Release

Washington, DC – Congressman Tim Ryan (OH-13) today voted in favor of Fiscal Year 2020 Domestic Appropriations Package (H.R. 1865), which contained the Labor-Health and Human Services-Education; Agriculture; Energy and Water Development; Interior-Environment; Legislative Branch; Military Construction-Veterans Affairs; State-Foreign Operations; and Transportation-Housing and Urban Development Appropriations Bills. Congressman Ryan has served on the House Appropriations Committee since 2006 and currently serves as Chairman of the Legislative Branch Subcommittee. 

December 5, 2019 Press Release

Lordstown, OH – Congressman Tim Ryan (OH-13) today praised the announcement from General Motors (GM) and LG Chem to create a joint partnership that will build an electric vehicle battery plant in Lordstown, Ohio. This $2.3 billion investment will create 1,100 manufacturing jobs and break ground in mid-2020. This announcement follows Lordstown Motors’ acquisition of the former GM Lordstown Plant in November to build electric trucks.

December 3, 2019 Press Release

Washington, DC – Congressman Tim Ryan announced that the Department of Commerce’s Economic Development Administration (EDA) is providing a $1.6 million grant to the Mahoning Valley Economic Development Corporation (MVEDC) in Youngstown, Ohio, to establish a new Revolving Loan Fund (RLF) in support of small businesses and entrepreneurs. The EDA grant will be matched with $400,000 in local funds and is expected to help create 200 jobs, retain 55 jobs, and generate $9 million in private investment.

Pages