Congress can provide incentives for companies bringing back work from offshore to high unemployment areas.
Some companies with facilities in the United States and offshore may shift work back to the United States if provided with modest incentives to do so. Toward that end, Congress should charge the Economic Development Administration with providing forgivable loans for companies that expand employment in high un employment counties by bringing back jobs from overseas. The loans would be forgivable if the company creates and retains the jobs promised. It is important to note that the difference between this kind of proposal and simple job creation tax credits is that this is targeted at influencing the location of a job that has already been created, rather than at getting a firm to create a new job.