CELLUSUEDE CELEBRATES 75 YEARS The Voice is online at rockfordchamber.com
Health Reform:
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March 2013 | Volume 26 | No. 3
By Henry J. Aaron, Senior Fellow, Economic Studies - Brookings
Manufacturing
As the storm moves on, wind and rain return, often with increased force. Those fooled by the calm who leave safe havens may be destroyed by what follows. The life cycle of a hurricane will bear an eerie similarity to that of health reform. Nearly four years elapsed between president Obama’s initial call for national health reform until the bill became law and the Supreme Court ruled on its constitutionality. The political and legal turmoil was intense and continuous. The process was rancourous and the outcome in doubt from start to finish. It took a bitterly fought presidential election to put an end to this phase of the struggle. Now, we are in a period of relative calm. The 2012 election settled the immediate fate of the Affordable Care
Act (ACA). The candidate who swore to repeal it lost. The ACA was the major domestic legislative achievement of the victorious incumbent president who won reelection. Now, eighteen states are in process of designing rules for health insurance exchanges—the administrative entities that will manage implementation of the new law, the most important provisions of which will take effect one year hence. The other states will either leave implementation entirely to the federal government or share administrative responsibilities with federal agencies. A huge amount of work remains to be done by October 1, 2013 when people can begin enrolling for insurance coverage in the new exchanges. more on page 3
while mitigating their investment risk By Barbara Connors
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ROCKFORD EXHIBIT FEATURED ON AMERICAN PICKERS IN MARCH
MARK YOUR CALENDAR! Celebration of
Resources to help businesses grow,
Visit us online at: rockfordchamber.com
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Cheap Trick guitarist/songwriter Rick Nielsen and his exhibit, Rick’s Picks: A Lifelong Affair With Guitars & Music, located at Burpee Museum of Natural History in downtown Rockford, will be featured in an episode of HISTORY’s American Pickers on March 11, according to exhibit creative team GrahamSpencer. Visit www.history.com/shows/ american-pickers.
the political storms are far from over The history of president Obama’s health reform bears an uncanny and disturbing similarity to the life cycle of a hurricane. With Sandy fresh in our memory, the similarity is not comforting. Hurricanes have three phases. The front wall of the storm brings high winds, lightening, and rain. Next, at the hurricane’s center, or eye, the wind drops and the air warms. If one is at sea, the water may turn calm and warm, bringing the illusion that the storm has ended.
INTERNET CRIME SCAM ALERTS
Housed at 120 W. State St., Ste. 306, in downtown Rockford, the Rockford Local Development Corporation (RLDC) is a not-for-profit, certified development company by the Small Business Administration that has been a trusted resource for area businesses seeking to grow. It has made a significant impact by offering diverse loan programs that enhance conventional bank financing, while mitigating investment risk. “We try to be as entrepreneurial as we expect our clients to be,” said John Phelps, president of the organization for
more than a decade. The organization manages an SBA 504 program, with millions in loan for businesses in Winnebago and Boone counties. Among its many projects, the RLDC was instrumental in turning the abandoned K-Mart property on North Main into a $5 million mixed-used community, complete with a medical clinic. It helped homeowners who were victims of the 2006 and 2007 floods at Keith Creek in Rockford, by acquiring devastated properties and relocating homeowners while the City of Rockford applied for state and federal grants. more on page 2
Expo & Dinner March 21 • Cliffbreakers For more info, see page 23
FAST GROWTH IN Ph.D.s, MASTER’S DEGREE HOLDERS From 2002 to 2012, the highest rate of increases in education attainment levels were doctorate and master’s degrees, according to new statistics from the U.S. Census Bureau. Those with a doctorate grew by about 1 million, or 45 percent, while those who held a master’s climbed by 5 million, or 43 percent. The population with an associate degree rose by 5 million, or 31 percent. Those whose highest degree was a bachelor’s degree grew at a smaller rate: 25 percent to 41 million. Meanwhile, the number of those without a high school or GED diploma declined by 13 percent, falling to 25 million. Women outnumbered men in 2012 among people whose highest level of education was a bachelor’s degree (21 million versus 19 million) or a master’s degree (9 million compared with 7.4 million). Conversely, more men had doctorate (2 million versus 1.2 million) or professional degrees (1.8 million compared with 1.2 million). Between 2002 and 2012, however, the gap between the number of men and women with professional degrees shrank. Tabulations also show that education continues to pay off. Among people 25 and older who had any earnings in 2011, average earnings were $59,415 for people with a bachelor’s degree (but no graduate degree), compared with $32,493 for people with a high school diploma, but no college.