STATEHOUSE-Many House Republican members were present today at the Statehouse as the governor signed into law several bills providing additional economic development tools to communities in order to better foster job growth. "In these tough economic times job creation is a top priority," said State Rep. Bill Friend (R-Macy). "We want to ensure that Hoosier families have the chance to prosper as Indiana leads the way out of this economic recession. These bills will create jobs and attract new businesses to Indiana." Rep. Friend, along with his House Republican colleagues, presented the "Strengthen Indiana Plan" at the start of session, laying out what their goals for the 2011 legislative session. A large part of the legislation introduced was promoting Hoosier job creation. The following bills passed this legislative session and now have been signed into law: # House Enrolled Act 1004 enhances the Venture Capital Investment Tax Credit to improve access to capital for fast growing Indiana companies. Additionally, it will make Indiana more desirable to out-of-state businesses by lowering our corporate tax rate, thus creating more economic development in our state. # House Enrolled Act 1005 establishes the Dinosaur Building Tax Credit, which lowers requirements deeming a building vacant so businesses will repurpose warehouses and factories in order to employ more Hoosiers. # House Enrolled Act 1006 creates an one-stop-shop for new and existing businesses, while also promoting economic development locally and regionally. In addition, the new law will encourage coordination between universities, high schools and state agencies to create an entrepreneurial curriculum. # House Enrolled Act 1007allows enhanced abatement schedules and hiring incentives to encourage local job growth. HEA 1007 also extends tax incentive options for locals to exempt enterprise information technology in order to attract high-tech companies offering high-paying jobs. "I am very happy to see these bills signed into law and I look forward to the positive impact they will have on our great state." |
