But it isn’t because jobs are good here; it is because jobs are scarce and getting more scarce. “Career Builder sites a 5.2 percent drop in jobs from July to October of last year as the reason for our area to be included.”
The story went on to describe a local resource fair designed to help people tap into local resources until the jobs market improves, but it wasn’t a jobs fair because there are no jobs. Since I haven’t been looking for a job, I hadn’t been looking at the want ads section of the newspaper. However, I recently took my mother in for her annual mammogram (She’s an 80 year old breast cancer survivor.) While waiting for her in the doctor’s office, I did take a peek at a local paper, and almost fell out of my chair when I saw less than a quarter-page of ads. I can remember when there were pages and pages.
Recently Governor Ritter sent out a press release about a credit reserve program that was being used to create jobs state-wide. It spoke of businesses that had been financed, some of which were in District 54. The credit reserve was created with Senate Bill 09-067. What a credit reserve is and how it works is a bit complicated for a blog, but this is exactly the kind of program that our legislators should be supporting in Denver. It is the kind of program that my former employer used to help create over 40,000 jobs nation-wide. There is another federal program that Colorado should be tapping into: New Markets Tax Credits (NMTC). The same organization that is utilizing the credit reserves authorized in the Senate Bill (CHFA) has previously received NMTC allocations, which are designed to drive private investment into areas like House District 54, where jobs are scarce.