STATEHOUSE-State Rep. Suzanne Crouch (R-Evansville) along with many other House Republican members were present today as the governor signed into law several bills providing additional economic tools to communities in order to foster job growth. Included in those was House Enrolled Act 1006 to promote entrepreneurship and small business growth in Indiana that was authored by Rep. Crouch. "Small businesses create about two-thirds of jobs in America and we want to make sure that we make the process of starting a new business more user-friendly," said Rep. Crouch. "This legislation will also help foster an entrepreneurial spirit in Hoosier children and encourage job growth for years to come." Rep. Crouch, along with her 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 that plan was promoting Hoosier job creation. The following bills were part of that plan: # 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. |
