Entrepreneur Promotes Plan to Create Jobs for Millions of Rural Americans

Dec. 7, 2011 - PRLog -- TWO RIVERS, WISCONSIN – DECEMBER 7, 2011 – Christopher Hytry Derrington, CEO of rural US outsourcing company Rural America OnShore Outsourcing, Inc. (www.ruralamericaonshore.com), has unveiled a proposal for a jobs creation plan designed to create jobs for millions of rural Americans. The National Rural America Jobs Creation Plan (NRAJCP) proposes matching private investment with government bonds to create $500 million shared equally among the 50 states. NRAJCP targets five growth areas: IT, e-commerce, advanced energy, biomedical and advanced materials.

According to Hytry Derrington, his plan has both a precedent for success, and a low-risk investment design. “Ohio designed their Third Frontier Program in 2002, and I helped them design the rural component in 2005,” says Hytry Derrington. “Every study assessing the Ohio program reaches the same conclusion: increased job growth, increased tax revenue, and the state earned $10 for every $1 invested in that program.” Hytry Derrington adds that the Ohio program was recently extended to 2015.

“Ohio created 41,300 new jobs with its program, and predicts that the state’s overall tax revenue generated by their jobs creation program will exceed its entire investment by 2014, with a total economic impact 11 times its investment – and that’s just one state,” says  Hytry Derrington. “Imagine replicating those results in every state across America.”

Hytry Derrington also points to the recent U.S. policies that support and invest in underserved rural areas. “The American Recovery and Reinvestment Act of 2009 provided $7.2 billion to fund the expansion of broadband access and adoption across the U.S., both upgrading and adding high-speed Internet users,” Hytry Derrington notes. “It worked – in 2000, we had 8 million broadband users, and in 10 short years that number approached 200 million. This increases the pool of available workers that can work from any part of the U.S.”

The NRAJCP proposes that the $500 million be funded with 50 percent backed by federal government bonds, matched by local Venture capital and angel investment groups. This gives $10 million to every state. Investment in new and existing businesses located in Tier 2 and smaller rural cities and communities attracts entrepreneurs, builds companies and creates jobs.

“The investors reduce their investment risk by 50 percent with access to the government bond money,” notes Hytry Derrington. “This is a huge incentive for investors to place their funds in rural US companies that will lead to jobs creation.”

Investments are recouped when the companies mature and sell, with profits shared between the government and investors. Bonds are repaid with the sale proceeds.

Hytry Derrington is taking his NRAJCP on the road to shore up support, obtain feedback, and look for partners and champions in the private and government sectors. Anyone interested in volunteering or otherwise contributing to NRAJCP should visit www.techshore.org. You can get additional details on the NRAJCP from several online publications, such as The Huffington Post.

About Rural America-- Rural America OnShore Outsourcing, Inc., a USA-leading rural onshoring outsourcing company, provides clients worldwide with a variety of outsourcing services, such as Information Technology Outsourcing (ITO); software/website development, web/print graphic design, Creative Design Outsourcing (CDO™), Business Process Outsourcing (BPO); Marketing Process Outsourcing (MPO), interactive marketing, sales support, and more.

A minority owned company, Rural America OnShore Outsourcing enables customers to cut project and labor expenses by up to 40 percent by using lower cost, rural-based professionals providing a superior outsourcing alternative so businesses need not send projects offshore nor use expensive urban vendors.

With Business Development offices nationwide, Rural America OnShore Outsourcing is currently recruiting talent in 47 states.

More information is available at www.RuralAmericaonShore.com.

Useful links related to this news item:

Additional information and updates on NRAJCP
www.techshore.org/NRAJCP

U.S. National Broadband Plan and American Recovery and Reinvestment Act of 2009
http://www.broadband.gov
http://blog.broadband.gov/?entryId=1578165
www.recovery.gov/news/featured/pages/broadband.aspx
www.broadband.gov/plan/executive-summary/

Ohio’s Third Frontier Program
www.thirdfrontier.com/History.htm
(www.development.ohio.gov/ohiothirdfrontier/Documents/RecentPublications/Third_Frontier_Annual_Report2009.pdf

Jobs in Rural America
http://www.newnorthb2b.com/going-digital-in-dairyland.html

U.S. Connect America Fund
http://www.fcc.gov/blog/connect-america-fund-putting-consumers-map

Information for contacting your state and federal representatives to ask them to support NRAJCP
http://www.votesmart.org/

Safe Harbor Statement: Statements in this press release may contain forward-looking statements based on management’s current expectations, estimates and projections. Words such as “anticipates,” “intends,” “plans,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those projected or implied in the forward-looking statements. Rural America Onshore Sourcing is not undertaking any obligation to release publicly any updates to any forward looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

# # #

Rural America OnShore Outsourcing, Inc. provides clients worldwide with a variety of outsourcing services.