Democrat’s Plan to Create Jobs, Spark Economy in Pennsylvania
jobs and fueling Pennsylvania’s economy were the topics of a Senate Democratic
Policy Committee hearing Tuesday in Scranton as they were joined by venture
capitalists, economic development analysts, and public policy experts.
capitalists, public policy experts and economic development analysts today
debated the strategic elements of the Senate Democratic plan to grow jobs and
foster business creation and expansion in Pennsylvania.
“PA Works,” the Senate Democratic strategy is a multi-faceted approach that
includes dozens of proposals and incorporates Senator Blake’s groundbreaking
“Innovate in PA” program. If enacted, “PA Works” would create an estimated
80,000 jobs and generate $2 billion in new private investment.
talking to local, state and private experts on the economy because we believe
Pennsylvania can do more to drive economic activity and encourage investment
and job growth. We’re excited about ‘PA Works’ and its prospects for both short-
and long-term benefits to our state’s economy,” Senator John Blake of
Lackawanna COunty said.
Senate Democratic Policy Committee, chaired by Senator Lisa Boscola,
Northampton County, engaged three panels of experts at the University of
Scranton’s Loyola Science Center.
Blake’s “Innovate in PA,” is designed to improve Pennsylvania’s capacity to
support the job creators of the future with new investments of nearly $100
million in the life sciences, advanced manufacturing, information technology
and energy business sectors.
Gausling, the managing director of Originate Ventures, praised “Innovate in PA”
for being there for new businesses.
who don’t take as much risk aren’t going to show up (with investment dollars),
so it is critical for the state to step up and provide early stage risk
capital,” Gausling said.
dollar the state invests, said Ben Franklin Technology Partners of Northeast PA
CEO Chad Paul, there will be a $3.60 return.
critical elements of “PA Works” that were spotlighted at the hearing will,
among other things, invest in the state’s small businesses, develop and rebuild
infrastructure, better prepare workers for in-demand jobs, and train veterans
for fulfilling civilian careers.
unemployment rate increased in August to 7.7 percent while the national jobless
rate hovered at 7.3 percent. The U.S.
of Labor’s Bureau of Labor Statistics said PA is 45th in the country in 2013
for year-to-date employment growth.
before the committee on the “PA Works” plan and “Innovate in PA” were Richard
Stein, CEO, Klios Inc.; Amy Luyster, assistant vice president, The Scranton
Plan; Dr. Mel Billingsley, CEO, Life Sciences Greenhouse of Central PA; William
administrator, Skills in Scranton; Ronald Vogel, regional representative, PA
Department of Labor & Industry; Teri Ooms, Institute for Public Policy
& Economic Development; and David Jadick, acting public affairs officer,
Tobyhanna Army Depot.