JOB CREATION & ATTRACTING
NEW BUSINESS to
By The Committee to Elect & By Robert Matius
Democratic Candidate for State Senator District 24
Purpose:
To
create jobs in, to attract business to, and to spur growth of existing
businesses in
· Considered "green" companies (environmentally
compliant companies),
· Have higher growth rates in there SIC, and
· Considered to be high tech or that use innovative
technologies.
These
companies should use local, college
graduates and local, hourly
employees. Once jobs are created, they are meant to remain in
This
may also include an anonymous complaint system that prevents both parties from
suffering damage until the matter is resolved.
Goals:
To
increase tax revenue through additional jobs, by attracting new businesses, and
by business growth in Ohio. The increase in business and W2 (salary)
tax revenue should allow Ohio to decrease taxes on state residents, the state
sales tax, new school levies, and other taxes. An
expected result is slowing or to stopping the exodus of college graduates and
hourly workers from Ohio. Increased tax revenue would be used for
education, the elderly (health care, pharmaceutical subsidies, …), job
creation, and economic recovery within the State of Ohio.
Employment
Statistics:
It’s
the opinion of the authors of this white paper that unemployment statistics are
not representative of the current levels of long term unemployment, of
underemployment, and of workers displaced from high paying to low paying jobs
paying at $10/hr or less.
A Question:
Once
the manufacturing industry and the associated jobs leave the U.S., Will the
service industries supporting these manufacturers be used at the new,
international locations? Or will the
service industries also be without work?
Sources of
Revenue to Spur Growth:
Tax
Incentives
· Tax Incentive In Exchange for Years of Guaranteed Jobs in
Ohio
(For example, 5 Years of Incentive for 10 Years of
Guaranteed Jobs in Ohio
10 Years of Incentive for 20
Years of Guaranteed Jobs in Ohio…)
Land
Grants
· Land Considered Undesirable for Residential Use
· Brownfields (Old Industrial Properties with Pollution Issues)
· Land with Pollution Problems (Noise, Magnetic Field, …)
· Extremely High Traffic Areas Where Residents No Longer Wish to Remain
· Blocks of Property Obtained for Non-Payment of Taxes
State
Bonds (Tax Free Bonds)
· State Bonds that Support or Attract High Technology
Industries to OH &
· That Would Benefit Both
Industry & Agriculture. (This issue would again need to be
presented to the tax payers.)
Increased
Revenue from Speeding Fines & Minor Traffic Violations
· ( Dollars
for Points ) Increase Fines
& Drop the Points in Situations Where there Was "No Endangerment of
Life" - ($50 or more for a Point)
· Doubling or Tripling or 'X' Multiplier Speeding Fines (5% to
20% of Increases to Cities & 95% to 80% of Increases to State 'Job Creation
/ New Business Fund'
· This Speeding Fund Multiplier Would be Controlled by the
'joint business / government committee'
· Those unable to pay the fine would have the opportunity to
perform work beneficial to the elderly, schools, or to attracting new industry
and jobs to Ohio.
Island,
Ohio River, & Lake Gambling
· Lonzi's Winery or N. Bass Island Could Include a State Run /
Operated / Supervised Gambling Casino
· River Boat Cruises on the Ohio River Would Include Off-Dock
Gambling Controlled by the State. For
example, river boat casinos could be used on rivers, lakes, and in protected
areas on Lake Erie.
· Lake Cruises Would Include Off-Dock Gambling Controlled /
Monitored by the State
The First Planned, On-Ground Gambling Establishment Could be
at Lonzi's Winery or N. Bass or or
another location in the islands. 50.0%
or More of the 'Gross Profit' Would Go to the 'Job Creation / New Business /
School / Elderly / Pharmaceutical Fund'.
Other Casinos Would be Approved by the Committee to Increase Funds.
Visual Lottery
· Use of Funds from the Visual Lottery to Benefit the Goals of
this paper.
Projected $
Spent to Create Jobs or Future Tax Revenue (Ongoing Development):
2150
slot machines alone are projected to bring in $533.4 million in their first
full year of operation at the state's seven racetracks. (Source:
Plain Dealer, 4/23/04, pA1)
Job Creation /
New Business Fund:
Funds
would be kept in a newly created 'Job Creation / New Business Fund' that is
controlled by the state treasurer or possibly by a specific treasurer for this
fund, audited by a committee in the state senate, and that is restricted from
withdrawals that do not meet the goals mentioned in this white paper.
Joint Business
/ Government Committee:
A
'joint business / government committee' that is jointly appointed by the state
congress and governor would oversee and manage the program. This committee would include voters,
business leaders, government leaders, union leaders, engineers, environmentalists,
the initial author of this white paper, and other needed to provide information
to guide the committee on its business, legal, and financial decisions.
Examples:
Public Works Projects:
It is the opinion of the authors of this scope document that additional methods
of reducing energy costs and increasing competitiveness in NE Ohio should be
considered. Among these possible projects which would use local labor
are:
These Facilities would Generate Power from Waste & Recycle
Materials
Sound
Dissipation Along the Turnpike:
A
sample project that could provide additional work in NE Ohio is a sound
dissipation project along the Turnpike in Strongsville or Interstates within
the district. As there is a noise
problem in Strongsville along the recently widened turnpike this is a good
example. Local firms would be used
Flooding in N. Royalton &
Valley View:
Another
project could include additional studies as to possible methods of reducing
flooding along Canal Rd. in Valley View and in N. Royalton. Local firms would be used
Timing:
These
projects would be timed to increase work for locals during slow time or
preferably during recessions. (10/04)