Minnesota Governor Mark Dayton held a press conference this morning at 11:15 in the Governor’s Reception Room to unveil his bonding bill proposal. During the news conference Dayton announced $1 billion to create jobs now and stimulate economic growth throughout Minnesota. He proposesd $531 million in investments in over 300 critical infrastructure projects; and, in an unusual, if not unprecedented approach, the Governor has purposely left the other half ($470 million), and has invited the Republican-controlled legislature to fill that half of the bill with projects it deems most important. According to the Dayton team, the projects funded are estimated to create up to 28,000 jobs, based upon an analysis by Dr. Stephen Fuller, Faculty Chair and Director of the Center for Regional Analysis at George Mason University.
Governor Mark Dayton’s words in a press release released today:
“In my Inaugural Address earlier this month, I said that my top priority was to get Minnesotans working again. This billion dollar Bonding Bill is another important Jobs Initiative, in addition to my Early Medicaid Opt-in and Permit Streamlining Executive Orders. Studies estimate that a billion dollars of public bonding, when aimed at ‘shovel ready’ and ‘paint and repair’ projects, such as those in my proposal, can create up to 28,000 private sector jobs. With unemployment as high as 50 percent in the building trades in some parts of Minnesota, these jobs are critically important to Minnesota workers, to their families, and to communities across our state.”
And here are investments targeted in Dayton’s proposed bonding bill. 2011 Bonding Governor