Feb 12, 2008: CONGRESSMAN TIM RYAN RELEASES STATEMENT OF SUPPORT FOR GOVERNOR’S ECONOMIC PLAN

Feb 12, 2008

 

Washington, D.C. –Today, Congressman Tim Ryan (OH-17) gave this statement of support for Governor Ted Strickland’s $1.7 billion dollar Ohio Job Stimulus Package:

 

“With this package, the Governor has laid out a bold vision for Ohio’s economic future,” said Congressman Ryan. “By investing in critical infrastructure upgrades, cutting edge manufacturing in the renewable energy and biomedical sectors and $200 million to the Ohio Main Streets Renewal Initiative, we’ll see the creation of 80,000 jobs and new opportunities in  emerging industries which will have long-term benefits for all of us, especially in Northeast Ohio. I am 100% behind this plan and should it end up as a ballot initiative, I will actively campaign for it. I look forward to working with the Governor on the Building Ohio Jobs package and ensuring that Northeast Ohio is positioned to capitalize on the program’s benefits.”

 

Provisions of the Governor’s Jobs package include:

 

Economy: Building Ohio Jobs, $1.7 billion Ohio Jobs Package

 

To respond to the state’s economic challenges, Governor Strickland is proposing Building Ohio Jobs, a $1.7 billion jobs stimulus package to create more than 80,000 jobs and lay the foundation for future economic prosperity.

 

Through issuing bonds, the plan will invest:

 

  • $250 million in the advanced and renewable energy economy, including solar, wind and clean coal.

 

  • $150 million in our state’s infrastructure to help create a seamless network of roads, rails, and ports to support our logistics and distribution industry.

 

  • $100 million in bioproducts that use renewable sources instead of petroleum to create plastics and other products.

 

  • $200 million in the biomedical industry, saving lives by fueling Ohio’s leadership in new medical products.

 

  • $200 million establishing the Ohio Main Streets Renewal Initiative to spur redevelopment in downtown neighborhoods in our cities and towns.

 

  • $400 million in the Clean Ohio fund, to advance our efforts to reclaim brownfields and other damaged lands and preserve farm land and open spaces.

 

$400 million in the Ohio Public Works Commission to help our local partners with road, bridge, water and sewer projects.  These are projects that spur growth in our cities and towns and Ohio as a whole.