(Archived Content)
TG-521
Geithner Tours Honeywell Factory, Meets with Local Business, Labor Leaders, Industry Representatives and Elected Officials MINNEAPOLIS – On the heels of the President’s State of the Union call for a new jobs bill to jumpstart private sector job creation, Treasury Secretary Tim Geithner traveled to Minneapolis today to meet with local business and labor leaders, industry representatives and elected officials to discuss the work being done in Minnesota to create green jobs.
After touring facilities at Honeywell International, Inc., a company considered to be a leader in the implementation of manufacturing efficiency measures, Secretary Geithner participated in a roundtable discussion hosted by the company and the Mayors’ Green Manufacturing Initiative. During the roundtable, the group discussed how investments in clean energy and energy efficiency present significant opportunities to create green manufacturing jobs in Minnesota and nationwide while helping move the country toward a green economy. Secretary Geithner also announced that the Administration’s budget, to be released next week, will expand the Advanced Energy Manufacturing Tax Credit by $5 billion. This program provides a 30 percent tax credit for investments in the factories that will make the products to power the clean energy economy. In the process, it is helping assure that America leads the world not in just reducing greenhouse gases to protect the environment, but in making the products needed to accomplish that reduction. A full list of roundtable attendees is below.
We hope Congress will move quickly to pass a jobs bill including credit and tax cuts for small businesses; investments in innovation including clean energy technology; investments in road, bridge, rail and port projects; and policies to spur more exports of American manufactured products, said Secretary Geithner.
Following the roundtable discussion, Secretary Geithner had lunch in Minneapolis with local business leaders from Cargill, Cuisine Concepts & Franklin Bakery, General Mills, Hemisphere Restaurant Properties, Honeywell, Hormel Food Corp, and Land O’Lakes.
ROUNDTABLE PARTICIPANTS
R.T. Rybak Mayor of MinneapolisChris Coleman Mayor of St. PaulRep. Keith Ellison Minnesota Fifth DistrictRep. Betty McCollum Minnesota Fourth DistrictRoger Fradin President and CEO, Automation and Control Solutions, HoneywellDavid Foster Executive Director, Blue Green AllianceLois Smith Partner, Smith PartnersRobert Elde Dean, College of Biological Sciences, University of MinnesotaTom Gunkel CEO, Mortenson ConsctructionRandy Hagen President, Solar SkiesCharles Hayes Vice President, Organizational Performance, SAGE ElectrochromicsRed Heitkamp Director of Advanced Manufacturing Engineering, Remmele EngineeringJon Hjelm Vice President, Clean Technology and Renewables Investment Bank, Piper JaffrayLouis Jambois President, Saint Paul Port AuthorityGeorge Garnett President and CEO, Summit Academy OIC, Co-Chair HIRE MinnesotaBrad Lehto Chief of Staff, Minnesota AFL-CIOTom Lambrecht Sustainable Development Leader, Great River EnergyMark Lofthus Director, Business and Community Development Division, MinnesotaDEEDGregg Mast Senior Program Manager, BioBusiness Alliance of MinnesotaHarry Melander Executive Secretary, Saint Paul Building and Construction Trades CouncilGail O’Kane Education-Industry Partnership Manager, Emerging Technologies, MNState Colleges and UniversitiesMike Christenson Director, Community Planning and Economic Development, MinneapolisMike Harley Executive Director, Minnesota Environmental InitiativeJeremy Kalin Minnesota State RepresentativeMilt Nordmeier Secretary-Treasurer, International Brotherhood of Teamsters Local 1145Lois Quam Founder and Chair, Tysvr, LLCCora McCorvey Executive Director, Minneapolis Public Housing Authority