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Senate Proceeding 06-14-11 on Jun 14th, 2011 :: 3:51:15 to 3:56:50
Total video length: 4 hours 42 minutes Stream Tools: Stream Overview | Edit Time

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Previous speech:

Sherrod Brown

3:51:06 to 3:51:26( Edit History Discussion )

Sherrod Brown: quorum call: mr. brown: mr. president? the presiding officer: the senator ohio. mr. brown: i ask unanimous consent to dispense with the quorum call. the presiding officer: without objection. mr. brown: i ask tact speak as if in morning business for up to ten minutes. officer without objection. mr. brown: thank you, mr. president. the senate has been debating for over a week the economic development revitalization act of 2011, which would reauthorize

Sherrod Brown

3:51:15 to 3:56:50( Edit History Discussion )
Speech By: Sherrod Brown

Sherrod Brown

3:51:27 to 3:51:47( Edit History Discussion )

Sherrod Brown: funding for existing programs of the commerce department's u.s. economic development administration through 12015. e.d.a. has traditionally been noncontroversial, traditionally been a bipartisan job-creation bill, supported by presidents of both parties, often supported in this body without dissent. it helps broker deals between

Sherrod Brown

3:51:48 to 3:52:08( Edit History Discussion )

Sherrod Brown: the public and private sectors, which is critical to our economic recovery and growth. it's particularly important to economically distressed communities, particularly in tough economic times. every $1 in e.d.a. grant funding leverages nearly $7 worth much private investment. for every $10,000 of e.d.a.

Sherrod Brown

3:52:09 to 3:52:32( Edit History Discussion )

Sherrod Brown: investment and business incubators or accelerators some call them, which help entrepreneurs "star" start up companies, nearly 70 jobs are created. in ohio and i don't think -- in the presiding officer's state is much different -- we've seen some 40 e.d.a. grants where $36

Sherrod Brown

3:52:33 to 3:52:53( Edit History Discussion )

Sherrod Brown: million leveraged into $70 million . colleges and universities from bowling green in northwest ohio to ohio university in southeast ohio to miami university in southwest ohio have received e.d.a. funds. so, too, have port authorities in toledo, in the west, in ashtabula, in the far northeast, and in cleveland and apa lay

Sherrod Brown

3:52:54 to 3:53:15( Edit History Discussion )

Sherrod Brown: chavment if we're going to strength -7b our competitiveness, we will need to equip businesses world trade center tools they need to thrievment that's what e.d.a. is designed to do. e.d.a. is the front door for communities facing sudden and severe economic distress. when economic disaster hits, communities turn to the government and it's e.d

Sherrod Brown

3:53:16 to 3:53:37( Edit History Discussion )

Sherrod Brown: does the job at low cost leveraging all kinds of private dollars is. it has helped develop the former g.m. plant in lorain and a -- the bill the senate is considering would strength -7b a proven job program.

Sherrod Brown

3:53:38 to 3:53:58( Edit History Discussion )

Sherrod Brown: it would reduce regulatory burdens. it would encourage public-private partnerships that we've already seen make a difference in my state. the bill would better streamline e.d.a. cooperation with other federal, state, and local agencies to better assist communities with local economic development. i plan to offer two amendments to further strengthen e.d.a.

Sherrod Brown

3:53:59 to 3:54:19( Edit History Discussion )

Sherrod Brown: one would assist former communities where a plant closure or a downsizing causes economic distress, like wilmington or lorain. the amendment gives special prenches to auto communities. the other would make more communities eligible to receive funds for business incubators. ohio is home to the national business incubator association

Sherrod Brown

3:54:20 to 3:54:40( Edit History Discussion )

Sherrod Brown: in athens. and several model business incubators from toledo to shaker heights to youngtown. this amendment would allow more companies in ohio and more communities in ohio to support home-grown entrepreneurship. two weeks ago i visited, as i have in several places around the state, an incubator in shaker heights called the launch house.

Sherrod Brown

3:54:41 to 3:55:01( Edit History Discussion )

Sherrod Brown: there were some -- there was an old car dealership t closed down several years ago. it was renovated with relatively political money. it is now the home to about 40 entrepreneurs, one- and two-person start-up operations with the average age of these young entrepreneurs under 30. most of the great majority of

Sherrod Brown

3:55:02 to 3:55:26( Edit History Discussion )

Sherrod Brown: these 35 or 40 entrepreneurs were themselves under 30. and you can, you know, some of these start-ups won't economies in two years. some of them will have grown in two years. many of them will be hiring lots of people in theees ahead. some will fail, some will succeed. as i pointed out earlier, only $10,000 of e.d.a. investment and a business incubator creates

Sherrod Brown

3:55:27 to 3:55:48( Edit History Discussion )

Sherrod Brown: somewhere in the vicinity of 50, 60, or 70 jobs. we must better connect our entrepreneurs with the resources they need to turn ideas in labs into a product in the market. earlier this year i held and innovation round table in columbus with leading ohio entrepreneurs and business leaders where we discussed the need to strengthen workforce

Sherrod Brown

3:55:49 to 3:56:09( Edit History Discussion )

Sherrod Brown: verntle promote business entrepreneurship and support city planning. e.d.a. assistance, they tell me, is critical to these goals. it's legislation we should move forward on. i'm sorry that my friends on the other side of the aisle, who have been so supportive e.d.a.

Sherrod Brown

3:56:10 to 3:56:29( Edit History Discussion )

Sherrod Brown: in the past, as it's always been bipartisan, seem to be standing in the way of this. it's more than to move forward. i ask for the senate i yield the floor and suggest the absence of a quorum. the presiding officer: the clerk will call the roll.

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