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The government could give every state $1B to spend within a year. The money should be granted to startups that focus on developing state-specific, local, resources and technologies. So, fund a thousand startups per state, with a million $ per startup. No big players allowed!

Every state has some unique resources. For example:
 - Massachusetts has ocean, educated residents, a lots of medical research, a good deal of Nature, and other specifics. This suggests ocean technology startups doing things like fish farming, tidal energy product development, tourism, educational support... and whatever else can be imagined by the state's entrepreneurial residents.
 - Arizona, has lots of sunlight, lots of beautiful desert, lots of empty space. Lots of mineral resources. This suggests solar energy, wind energy, tourism, mining, large manufacturing, and whatever else the imagination of the state's entrepreneurial residents.
 - South Dakota has space, prairie, and a large unemployed sub-population of American Indians. This suggests wind energy development, ranching, tourism - particularly cultural tourism - and whatever else can be imagined by the state's entrepreneurial residents.
 - etc. Each state is different.

Require a state to "use it or lose it" to the tune of one thousand $1M grants and you are going to see something happen in that state. Putting a billion into the local economy is a good thing and the cost to the Fed is negligible (compared eg to the cost of a month in Afghanistan).  Most of the startups will fail but the $1B will still have gotten spent locally and pumped into the local economy. Sometimes a startup will grow and that will add permanent jobs to the state. However it works out, it would be a win-win for the state.

Administering the grants: Residents will have six months to generate business plans and to create a local review committe. Or participants can ask the Fed to review and choose between business plans. If fewer than 1000 grants are made, the money goes back to the Fed.

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Comment Preferences

  •  I love this idea, but pie in the sky. If you mean (1+ / 0-)
    Recommended by:

    "the government" as in "government under the Obama administration," at least 15 states would take the money but do nothing in their states to use it for a general improvement of the local economy.  They will do nothing that might end up making the President look good.  They'd rather blow up their statehouses than participate in federal support for programming of state resources and plans toward larger federal goals that help everyone.

    That's one more thing to add to my long list of small problems. --my son, age 10

    by concernedamerican on Sun Nov 18, 2012 at 05:41:14 AM PST

  •  I say provide grants to put solar on (2+ / 0-)
    Recommended by:
    ladybug53, mommyof3

    1.5 million households (or more) - for the cost of another nuke plant, even out the energy demand, put tons of people to work in a new industry.

    After the Republicans burn down the world, they will prove the Democrats did it.

    by jimraff on Sun Nov 18, 2012 at 05:57:37 AM PST

    •  You can do that yourself. (0+ / 0-) describes a way that state and municipal authorities can promote green energy.  Is your area one of them?  Find out when the next bond auction is and join the bidders.

      Solar  Various businesses exist now to install residential solar.  Contact them and find out if they have any references for financing their projects.  Set up a grant program or join one.

      -7.75 -4.67

      "Freedom's just another word for nothing left to lose."

      There are no Christians in foxholes.

      by Odysseus on Sun Nov 18, 2012 at 09:32:09 AM PST

      [ Parent ]

    •  Domestic capacity (0+ / 0-)

      I want to see the price of solar driven down, like we've seen wind reach levelized cost of operation over 20 yrs- prices of 3.3 to 6.5 cents per KW hr.

      Solar grants would help increase demand, on the flip side of tax breaks for outsourcing, how about tax breaks for domestic investment in solar manufacturing?

      We used to give smart tax breaks prior to 1986

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Sun Nov 18, 2012 at 09:54:59 AM PST

      [ Parent ]

  •  The money would go straight to ... (0+ / 0-)

    political connections and donors; i.e. a complete waste.

    "Two things are infinite: the universe and human stupidity, and I am not sure about the universe." -- Albert Einstein

    by Neuroptimalian on Sun Nov 18, 2012 at 01:05:15 PM PST

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