As 2025 approaches, a proactive strategy to bolster America’s economy can set the stage for sustainable growth. To remain competitive in a rapidly evolving global market, key areas such as technology, infrastructure, education, and trade require targeted efforts. Eric Hannelius, CEO of Pepper Pay, suggests that “innovation, smart investments, and policies supporting business growth and job creation will be essential for economic resilience.” Here are practical steps that could help enhance America’s economic outlook in the coming year.
- Encourage Technological Innovation and Digital Infrastructure.
Investing in digital infrastructure and technological innovation can drive productivity and economic growth. By expanding high-speed internet access across rural areas and strengthening 5G networks, the U.S. can improve connectivity for businesses and individuals. Additionally, support for emerging fields like artificial intelligence, blockchain, and fintech will position the economy at the forefront of technological progress.
Eric Hannelius highlights the importance of these investments, particularly in fintech: “With advancements in financial technology, businesses and consumers alike benefit from secure, efficient services. Strengthening digital infrastructure allows us to innovate faster and reach more people with cutting-edge solutions.”
- Strengthen Workforce Skills and Education.
As technology reshapes the job market, upskilling the workforce is essential. Investment in education and training programs can help workers adapt to shifts in industries and ensure that businesses have access to talent equipped with relevant skills. Programs focusing on STEM, coding, data analysis, and cyber security will help individuals compete in tech-driven fields and promote a skilled workforce that attracts investments and opportunities.
Aligning educational curricula with industry needs is another key factor. By partnering with educational institutions, companies can ensure that graduates possess the skills required for today’s job market. “Empowering the workforce with new skills strengthens our economy from within,” says Eric Hannelius. “In fintech, having a skilled workforce is foundational to driving safe and efficient innovations.”
- Promote Small Business Growth.
Small businesses are a backbone of the economy, providing jobs and supporting communities across the country. Simplifying tax structures and increasing access to low-interest loans will encourage small business creation and growth. Policies that support entrepreneurship, reduce red tape, and offer grants or tax incentives for startups can help reinvigorate local economies, foster innovation, and enhance job creation.
Eric Hannelius notes that small businesses, including those in fintech, thrive when they have support to grow without excessive regulatory burdens. “By creating an environment where small businesses can flourish, we encourage competition, innovation, and job creation, all of which fuel economic vitality.”
- Support Sustainable Energy and Infrastructure Development.
Updating the country’s infrastructure—especially in transportation, energy, and logistics—will increase economic efficiency and reduce costs associated with outdated systems. Investing in clean energy sources like solar, wind, and geothermal power will not only help reduce reliance on fossil fuels but also create jobs in the green energy sector. This focus on sustainability can lead to long-term economic benefits by reducing energy costs, enhancing public health, and creating a more resilient economy.
“Sustainable development is about building a lasting economic future,” says Eric Hannelius. “For fintech, we’re already seeing a shift toward supporting eco-friendly operations, and similar principles can be applied across sectors.”
- Foster Trade Partnerships and Adapt to Global Market Trends.
Adapting to global market trends and fostering strong trade relationships will allow the U.S. to stay competitive internationally. Negotiating favorable trade agreements with growing economies and maintaining strong relationships with key trade partners can open up markets for American goods and services. Additionally, monitoring global trends in sectors such as technology, manufacturing, and agriculture will ensure that the U.S. remains agile and responsive to economic shifts.
In the fintech sector, Eric Hannelius points out that an adaptable approach to international trade and market trends benefits both businesses and consumers. “With financial services expanding globally, it’s essential that we maintain partnerships and access to international markets. This approach fosters growth and innovation, which strengthen the economy.”
Building a Resilient Economy for 2025.
America’s economic future relies on proactive measures in technology, workforce development, small business support, sustainable infrastructure, and trade. These steps can help ensure that the U.S. economy remains competitive and resilient. Eric Hannelius stresses, “Economic resilience is about making thoughtful, strategic investments today that build a strong foundation for tomorrow. Fintech and other industries stand to benefit significantly from these approaches, as they create a more stable, innovative, and inclusive economy.”
By focusing on these areas, the U.S. can pave the way for sustainable economic growth, empowering businesses and individuals to thrive in an increasingly dynamic global environment.