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White House Office of Urban Policy for Job Creation
The Obama-Biden administration has outlined their urban / metropolitan economic prosperity strategy for job creation and community sustainability
President Obama and Vice President Biden intend to create a White House Office of Urban Policy to develop a strategy for metropolitan America and to ensure that all federal dollars targeted to urban areas are effectively spent on the highest-impact programs. The Director of Urban Policy will report directly to the president and coordinate all federal urban programs.
To stimulate economic prosperity and development in urban areas, the Obama-Biden administration has stated the following will be their areas of focus:
- Support Regional Innovation Clusters: Thriving innovation clusters across the country like the North Carolina Research Triangle Park and Nashville's thriving entertainment cluster prove that local stakeholders can successfully come together and help reshape their local economies.
- Support Job Creation: double federal funding for basic research, expand the deployment of broadband technology and make the research and development tax credit permanent so that businesses can invest in innovation and create high-paying, secure jobs.
- Enhance Workforce Training: long-term investments in education, language training, and workforce development to create new high-wage jobs and prosper in a global economy. A critical part of this process is ensuring that we reauthorize the Workforce Investment Act (WIA) and ensure that it strengthens federal investments needed for success in the 21st Century.
- Increase Access to Capital for Underserved Businesses: strengthen Small Business Administration programs that provide capital to women and minority-owned businesses, support outreach programs that help business owners apply for loans, and work to encourage the growth and capacity of these firms. They will also strengthen Community Development Financial Institutions (CDFIs), which are engaged in innovative methods to provide capital to urban businesses.
- Create a National Network of Public-Private Business Incubators: support entrepreneurship and spur job growth by creating a national network of public-private business incubators, which facilitate the critical work of entrepreneurs in creating start-up companies. They will invest $250 million per year to increase the number and size of incubators in urban communities throughout the country.
- Convert our Manufacturing Centers into Clean Technology Leaders: nurture America's success in clean technology manufacturing by establishing a federal investment program to help manufacturing centers modernize.
- Strengthen Core Infrastructure: strengthening our transportation systems, including our roads and bridges and create a National Infrastructure Reinvestment Bank to expand and enhance, not supplant, existing federal transportation investments. These projects will directly and indirectly create up to two million new jobs per year and stimulate approximately $35 billion per year in new economic activity.
- Improve Access to Jobs: double the federal Jobs Access and Reverse Commute (JARC) program to ensure that additional federal public transportation dollars flow to the highest-need communities. The Obama-Biden urban agenda will also help facilitate the creation of new jobs in underserved economic areas, so more low-income urban residents can find employment within their home communities.
- Invest in a Skilled Clean Technologies Workforce: increase funding for federal workforce training programs and direct these programs to incorporate green technologies training, such as advanced manufacturing and weatherization training, into their efforts to help Americans find and retain stable jobs. Obama and Biden will also create an energy-focused youth jobs program to invest in disconnected and disadvantaged youth.
Learn more about the White House agenda for metropolitan stimulus programs:
White House: Urban Policy
Edited by Carolyn Allen