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Hillary Clinton pledges financial incentives for tech entrepreneurs

Published 28/06/2016

Hillary Clinton waves to workers while visiting Galvanize, a work space for technology companies, in Denver, Colorado (AP)
Hillary Clinton waves to workers while visiting Galvanize, a work space for technology companies, in Denver, Colorado (AP)

Hillary Clinton has proposed allowing entrepreneurs to defer making student loan payments in order to create jobs and stimulate growth.

The presumptive Democratic nominee told a crowd of coders at a Denver tech hub: "We need more job creators and we need more young people starting businesses."

Mrs Clinton was in Colorado to woo young voters who flocked to the candidacy of her primary rival, Senator Bernie Sanders.

She proposed permitting start-up founders and early employees to forgo payments on their federal student loans for up to three years.

Those who launch businesses that provide social benefits would also be permitted to apply for forgiveness of up to 17,500 US dollars (£13,000) of their debt after five years.

Mrs Clinton also called for connecting every household to high-speed internet by 2020 and training 50,000 new computer science teachers.

She spent time chatting with one start-up that created an internet platform for commodity sellers in East Africa, discussing how hard it is for subsistence farmers to survive when they do not know what price they can fetch for their crops.

She also took a swipe at her likely Republican opponent, Donald Trump, by quoting his slogan "Make America Great Again."

Mrs Clinton called it "code for saying you want to go back to what it used to be... That is not who we are as Americans. We don't want to go back - we go forward."

Meanwhile in Pennsylvania, Mr Trump outlined steps he would take to bring back American jobs and address past trade deals he says have hurt the US economy.

He said that, if elected, he would withdraw the US from the Trans-Pacific Partnership, a proposed Pacific Rim trade pact which he says would hurt manufacturing jobs.

He vowed to renegotiate the terms of the North American Free Trade Agreement "to get a better deal for our workers".

And he said he would label China a currency manipulator and instruct the US Trade Representative to bring trade cases against China. If China does not "stop its illegal activities," Mr Trump vowed to use "every lawful presidential power" to address the trade disputes.

Mr Trump was critical of Mrs Clinton, saying that, if his presumptive rival is elected, "inner cities will remain poor," factories will be closed and borders will remain open.

He said "the special interests will remain firmly in control," adding Mrs Clinton wants to "scare the American people" out of voting for a better economy in the future.

AP

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