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Candidate Estevez launches job plan

Posted by Gail Waterhouse  June 23, 2010 10:00 AM

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The following is a press release from the Eric Estevez Campaign:

State Representative candidate Eric Estevez has launched a new job growth proposal aimed at creating jobs and reviving the economy.  Estevez is the first candidate in this race to offer a full and detailed plan on the economy and job creation.
 
The Estevez PLUS Plan, which is an acronym for Promote, Leverage, Update and Create, is directed at improving the Massachusetts economy by making the state more competitive and creating jobs by offering certain incentives and other creative public policy ideas.
 
“Massachusetts has many wonderful resources and chief among them is our access and abundance of highly educated and highly skilled workforce.” Said Estevez.  “We need to send a message to small business and all businesses that Massachusetts is open and ready for you to do business here.”
 
Citing data from the American FactFinder survey, Estevez was quick to point out that 37% of Massachusetts residents possess a Bachelor’s degree or higher and we also have the highest percentage of Civilian Employed People 16 Years and Over in Professional and Related Occupations, with 22.7% of people working in a professional occupation.
 
According to the Pioneer Institutes Center for Economic Opportunity, Massachusetts’ Corporate Index Tax is the third highest in the nation.

“We need to become more competitive and my PLUS Plan is a step in the right direction. My opponents and the rest of the Beacon Hill establishment have not provided any new ideas to turning our economy around and the voters deserve the right to know that I am the candidate with new ideas and a fresh approach to get our economy back on track.” said Estevez.

Estevez, a Senior Lecturer of political science and international affairs at Northeastern University, remains disappointed that his opponents have yet to debate these important issues and has renewed his call for a series of candidate forums.  Estevez has significant public policy acumen and has served on the Wakefield Board of Registrar of Voters and is currently on track to receive his Doctorate in law and policy at Northeastern University. 

Estevez’s full PLUS Plan can be found on his website www.melrosewakefieldstaterep.com.

PROMOTE A BUSINESS FRIENDLY CLIMATE

We also must market Massachusetts better and can do this by reinvesting in Trade Missions abroad and adopting incentive based policies to lure businesses from other states.  This would include offering;
•    Business income Tax Credits for expansion of existing Massachusetts companies.
•    Real Estate Tax Credits for businesses willing to relocate to Massachusetts.
•    Bond Infrastructure Initiative, which would create a fund for small and mid-sized businesses to finance major capital expenditures for equipment and/or other capital improvements. 
•    Expand the Economic Opportunity Area Credit (EOAC) to up to 25% and offer state backed incremental financing option. 
•    Expand the Full Employment credit by increasing the maximum allowable credit to $3,600 per year, per employee. 

LEVERAGE OUR HUMAN CAPITAL

Massachusetts has many wonderful resources and chief among them is our access and abundance of highly educated and highly skilled workforce. 

Massachusetts has the highest percentage of People 25 Years and Over Who Have Completed a Bachelor's Degree.  According to the U.S. Census Bureau’s American FactFinder Survey a full 37% of Massachusetts residents possess a Bachelor’s degree or higher. 
M1502. Percent of People 25 Years and Over Who Have Completed a Bachelor's Degree: 2008 Universe: Population 25 years and over Data Set: 2006-2008 American Community Survey 3-Year Estimates Survey: American Community Survey, Puerto Rico Community Survey United States by State 2006-2008 three year survey.
 

Massachusetts has the highest percentage of Civilian Employed People 16 Years and Over in Professional and Related Occupations: According to the U.S. Census Bureau’s American FactFinder Survey a full 22.7% of people work in a professional occupation. 
M2402. Percent of Civilian Employed People 16 Years and Over in Professional and Related Occupations: 2008Universe: Civilian employed population 16 years and over Data Set: 2006-2008 American Community Survey 3-Year Estimates Survey: American Community Survey, Puerto Rico Community Survey United States by State


UPDATE MASSACHUSETTS BUSINESS REGULATIONS

Many of our Business regulations are old and outdated, which inhibits growth for existing companies and is a disincentive for start-ups and potential businesses.  We can eliminate and/or reduce the layers of bureaucracy, redundancy and streamline the disparate set of departments and divisions to form one comprehensive source for Business rules and regulations.   

STIMULATE THE ECONOMY BY CUTTING TAXES WHILE CREATING BETTER TAX POLICY

By creating a more equitable tax policy, the Commonwealth can let business know that Massachusetts is open for businesses both large and small.   

This tax policy includes; the 5-5-5 plan...
•    Institute a 5% tax rate for all business entities.
•    Roll back the Massachusetts state’s sales tax to 5%.
•    Reduce the state’s income tax rate to 5%. 

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