Carlucci Jobs Plan
David believes that the most important issue facing the District is the economy. The recent loss of such local employers as Pfizer, Dress Barn, and Mirant have reduced the jobs available in Rockland by approximately 2,500 and led to a loss in tax revenue of over $50 million. The unemployment rate in our District has doubled in the past ten years. David is proposing a four point plan, including an emergency two year job plan and a Strategic Jobs Incentive Program, to begin the critical process of growing the local job market.
David's four point plan for growing our job market includes:
1. Start Growing Jobs
Emergency Job Growth Plan
David proposes a plan under which business would be eligible for a payroll tax refund of up to $3,000 for companies who hire New York residents who have been unemployed for more than sixty days and stay employed full time for at least one year.
Strategic Jobs Incentive Program
David wants to start a program under which businesses are eligible for an 80% rebate of New York State personal income tax withheld on new jobs created in New York for up to ten years. To be eligible, businesses must sign an agreement in which they commit to creating a specific number of jobs and demonstrate that the program credit was a material factor in relocating to New York. These jobs must last a minimum of ten years or the benefit will be reclaimed by the State.
2. Protect Existing Jobs
David wants to promote the Department of Labor "Work Sharing" program. Companies who would otherwise lay off workers would instead agree to reduce pay and hours but keep the employees working with benefits. The loss in salary would be offset by a payment of partial unemployment insurance by the Department of Labor.
3. Cut Waste
Since 1997, approximately $3 billion has been allocated across the Governor's Office, the Assembly, and the State Senate with little oversight or transparency. David seeks to eliminate wasteful spending by consolidating authority for New York's economic development programs under a single office reporting directly to the Governor. This will allow for better regional planning and can offer more constructive ways for communities to engage in the process.
4. Streamline Business Creation
David wants to create an easy guide for New Yorkers to to get the permits, licenses, certificates, and other paperwork necessary to start a business and ensure these documents are available online. He also proposes to create an incentive estimator, which will be an easy resource for businesses to find out what incentives will apply to them. This will level the playing field when it comes to starting a business and getting incentives, which has traditionally relied too heavily upon political favors.
Additionally, David wants New York to become more friendly to small businesses. New York has the nation's second largest number of small businesses, yet small business loans decreased 54% from 2006 to 2009. Under David's proposal, New York State would insure small business loans for banks. These would be small loans, setting a maximum around $1.5 million, needed to modernize facilities and operations, access new markets, develop new products, improve competitiveness, purchase land, and cover costs of construction, renovation, and other capital projects. The program would also encourage banks to lend money to small businesses that may fall just outside the traditional underwriting standards.
By instituting these changes, and getting serious about attracting businesses to our community, we will be addressing a host of secondary issues: property taxes, education funding, deficits, the State budget process, unemployment, income tax rates, and transportation. It all starts with making New York business friendly.