A new report from the Council of Economic Advisors (
outlines four categories of Administration's policies to lay a
foundation for 21st-century growth that will continue to strengthen and
diversify the rural economy, support rural workers and businesses, and
put rural America on a path toward a more prosperous future.) Many
of these policies are already being implemented through the American
Recovery and Reinvestment Act of 2009. But further work remains to
ensure the prosperity and vitality of Main Streets across America.
The first category of Administration policies for strengthening rural America is focused on growing businesses and expanding employment opportunities. These policies include increased support for small business lending through Recovery Act funds to the Small Business Administration. They also include incentives to greatly expand biofuel production and renewable energy generation, which are often centered in rural areas. For instance, with the Renewable Fuels Standard just put into place, it is expected that over 100 ethanol plants will be built over the next decade, while incentives for renewable energy generation in the Recovery Act are expected to double wind generation. There are also important new opportunities for rural tourism and recreation.
To read the full, original article click on this link: What's New in Workforce Investment?, Employment & Training Administration (ETA) - U.S. Department of Labor
