Madam President, the one thing that all Members of Congress agree we need more of is jobs. Illinois recently published its most recent statewide unemployment numbers and there is no question that the numbers are disappointing. Following 15 straight months of declining unemployment, unemployment rates rose for the first time to 8.9 percent. The only way to decrease the unemployment rate is to ensure robust job growth in all parts of the country. And while Members from different parties often disagree on how to help create jobs, the Economic Development Administration, EDA, reauthorization before us today is a great example of bipartisan legislation that can help. On May 1, 1961, President Kennedy signed into law a bill creating the precursor of the Economic Development Agency, the Area Redevelopment Administration, ARA. The ARA was championed by another Illinois Senator and the man who gave me my start as an intern in this building, Senator Paul Douglas. ARA provided assistance to distressed areas through loans and grants for public facilities; technology and market information; and research grants in order to spur economic growth. Sound familiar? Paul Douglas believed then, as I believe now, there is a proper role for government to play in assisting distressed communities and regions. Now for 50 years, the ARA and then the EDA have helped communities identify the best strategies for creating economic growth and leveraging private investment to help create jobs.…
On the recordJune 21, 2011
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