Clinton Talks Job Strategy in New York

Tuesday, September 27, 2011

New York Mayor Michael Bloomberg and former President Bill Clinton at a green job initiatives press conference on April 14th, 2011. (Bob Hennelly)

Former President Bill Clinton told economic development leaders from across the state that New York can rise again and urged New York to keep looking to the future to create a better state.

The New York Open for Business Statewide Conference brought together the state's 10 Regional Economic Development Councils, which are competing for $200 million in funding and tax incentives.

He suggested investments in alternative energy generation plus retrofitting to cut consumption to create jobs and lower costs.

The former president also said small business should find a way to funnel products regionally. "We need a feed-in system," he said. He said New York universities should consider MIT's model for technology transfers, where it takes an ownership interest in a new company in return for licensing new technology as a possible model. It lowers start up costs and could mean windfalls later.

Clinton also said that a strong economy requires and effective government that will "ask the right questions" about using local assets to invigorate business, something he believes New York Governor Andrew Cuomo does.

The governor was there earlier and announced a $4.4 billion investment in the state by five major semiconductor manufacturers.

The project should help the state keep or create 6,900 jobs. The state will kick in $400 million to state universities for equipment and technology in the effort.

With the Associated Press


More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Comments [1]

leonafitz from US

What’s more clear with Employment report is that when it comes to joblessness, having a college degree is more important than ever that is why we need the help of "High Speed Universities" now

Sep. 28 2011 03:56 AM

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.


Latest Newscast




WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public


Supported by