House jobs panel meets today

Today’s third meeting of the House Jobs Task Force will look at job creation and capital investment strategies, officials said.

The day-long session at the State Office Building has several agenda items:

  • Testimony from the banking and finance industry about the availability of credit in the current market.
  • An update from Minnesota Management and Budget about the progress of new debt service guidelines being crafted by the Pawlenty Administration.
  • Discussion of what is a responsible level of borrowing and what levels of job creation can be expected from a bonding bill.
  • A report on the MnSCU construction timeline.
  • Extensive public testimony.

A statement from the House said meeting chair Rep. Alice Hausman, who also chairs the House Capital Investment Committee, believes the meeting will help in shaping the 2010 bonding bill.

“Economists and policy makers agree that bonding projects are one of the best ways government can stimulate the economy and disrupt a downward economic spiral,” said Hausman. “A strategic approach and stringent accountability for the projects we approve will play a significant role in getting people back to work and getting Minnesota’s economy moving again.”

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