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Jobs: Opportunity for all Cincinnatians

Jobs: Opportunity for all Cincinnatians

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Published by Roxanne for Mayor
Small businesses employ over 50% of the private sector workforce and generate 60-80% of net new jobs annually. The size of a small business can vary from a one-person enterprise to one employing more than 1,500, and can have annual receipts of up to $21.9 million, depending on the industry. Some initiatives may be applicable to all small businesses, but others may need to be tailored in response to the variety of types of small businesses
Small business also includes our locally-owned shops and stores that make up the fabric of vibrant neighborhood business districts. These small businesses usually employ local residents.
Small businesses employ over 50% of the private sector workforce and generate 60-80% of net new jobs annually. The size of a small business can vary from a one-person enterprise to one employing more than 1,500, and can have annual receipts of up to $21.9 million, depending on the industry. Some initiatives may be applicable to all small businesses, but others may need to be tailored in response to the variety of types of small businesses
Small business also includes our locally-owned shops and stores that make up the fabric of vibrant neighborhood business districts. These small businesses usually employ local residents.

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Published by: Roxanne for Mayor on Jul 12, 2013
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07/12/2013

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Jobs:OpportunityforallCincinnatians
Opportunityforallsmallbusinesses
 
Smallbusinessesemployover50%oftheprivatesectorworkforceandgenerate60-80%ofnetnewjobsannually.Thesizeofasmallbusinesscanvaryfromaone-personenterprisetooneemployingmorethan1,500,andcanhaveannualreceiptsofupto$21.9million,dependingontheindustry.Someinitiativesmaybeapplicabletoallsmallbusinesses,butothersmayneedtobetailoredinresponsetothevarietyoftypesofsmallbusinesses
 
Smallbusinessalsoincludesourlocally-ownedshopsandstoresthatmakeupthefabricofvibrantneighborhoodbusinessdistricts.Thesesmallbusinessesusuallyemploylocalresidents.
 
1.Supportavailabletoall:
 
 
CuttheredtapeatCityHall.
EstablishSmallBusinessAssistanceTeams,composedofrepresentativesofdepartmentsthatissuelicensesandapprovals,toworkwithapplicantstoensureaspeedyandeffectiveapprovalprocesssobusinessescangetupandrunning.
 
 
Expandmicro-lendingprograms
sostart-upscanaccessmoneyneededtohireemployeesandpurchaseinventory.
 
 
Rewardjobcreation
bymakingsmallbusinesseseligibleforalocaltaxcreditforeverynewjobcreatedthatpaysalivingwageandhealthbenefits.
 
 
 
Growsmallbusinessesintolargerbusinesses.
Itcantakeanumberofyearsforastartuptogenerateaprofit.Supportfuturesuccessbyallowingstart-upstocarryforwardtheiroperatinglossesfor25years, justasthefederalgovernmentdoes.
 
 
Revitalizeandrenewbusinessdistricts
bymakingunusedcityownedpropertyavailableatanominalfeetostart-upsandlocallyownedsmallbusinesses.
 
 
WorkdirectlywiththeAfricanAmericanChamberofCommerceandHispanicChamberofCommercetoidentifynewstart-ups
andtomatchentrepreneurswithresources,andidentifynewandexistingminoritybusinessesinareasundergoingredevelopment.
 
2.Investininnovationandthegreeneconomy
 
 
TheUniversityofCincinnati,Children’sHospitalandourotherresearchinstitutionsareverycompetitiveinthenumberofpatentsobtained.
Turnpatentsintoprofitsandjobs
bypartneringwithuniversityandhospitalresearcherstoturnresearchintocommercialproducts.
 
 
UseFocus52Fundstodevelopamedical-university
UptownResearchPark
.
 
 
Grow21
st
centurygreenjobsandbusinessesusing21
st
centuryfinancingtools
.Establisha
 
propertyassessedcleanenergy(PACE)programthatfinanceslarge-scaleenergyconservation
 
measuresforcommercialbuildings.
 
 
PartnerwiththePortAuthorityto
acquire,cleanupandprepareagingindustrialsitesfornew
 
greenmanufacturing.
 
 
 
 
Growhi-techstartupbusinessesintolargerbusinesses.
Itcantakeanumberofyearsforastartup
 
togenerateaprofit.Supportfuturesuccessbyallowingstart-upstocarryforwardtheiroperatinglossesfor25years,justasthefederalgovernmentdoes.
 
 
Incentivizesignificantcapitalinvestmentwithtaxcredits.
Themoreacompanyinvests,thelesslikelyitistomove.
 
 
CreateaTechnologyIndustryInclusionCouncil
withthegoalsofincreasingminorityemploymentintechnologyfirms,increasingminorityownershipoftechnologyfirms,andcreatingapipelinefromCPSintohigh-techjobs.
 
3.Getthebiggestbangforthebuck
 
 
FocusmajorpublicinvestmentinthesixregionsoftheCityidentifiedasgivingthehighestROI
intaxrevenuesandjobsforthecitybasedonGOCincinnati.
 
 
Rewardmajorinvestment
injobsandCincinnatibygivingalocaltaxcreditbasedontheamountofcapitalinvestmentinthebusiness.
 
4.Leveltheplayingfield
 
 
Makeastandardminimumpackageofcitysupportandassistanceavailable
toanybusinessthat
 
generatesnewjobsintheCityofCincinnati.
 

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