STATEHOUSE-Rep. Bob Behning (R-Indianapolis) and other House Republicans unveiled a detailed plan this week to "Strengthen Indiana."
House Republicans highlighted four distinct ways in order to strengthen Indiana:
· Protect Hoosier Taxpayers
· Promote Hoosier Job Creation
· Expand Education Opportunities
· Stand Up to Washington D.C.
"Indiana will have to adapt to a new economy. It will be an economy that will include new companies and new kinds of jobs. Encouraging small business growth will be a major part of pulling out of this recession, because small businesses will be creating the jobs of the future," said Rep. Behning.
The Strengthen Indiana Plan focuses on key elements that will attract and incentivize businesses to grow and relocate to Indiana. Start-up capital for budding businesses will be more accessible by changing the parameters of the Venture Capital Investment tax credit.
In addition, there are currently over 170 empty or idle industrial facilities in Indiana. The Industrial Recovery Site Tax Credit will help prospective employers repurpose these facilities so that Hoosiers can be put back to work. Too often prohibitive start-up capital costs prevent employers from opening their business by reusing these; House Republicans have come up with a creative solution to help them.
Nearly 85 percent of all Indiana employers are small businesses with between one and twenty employees, ranking Indiana 18th among states in terms of the sheer number of small businesses.
"In order to fill these new jobs, we'll need to make sure that Hoosiers are prepared with a quality education," said Rep. Behning. "Our Plan contains a number of education reforms to ensure that children have the best teachers, more dollars into their classrooms and the best menu of educational opportunities that we can provide."
In 2011, the House of Representatives will be in charge of crafting a budget for the State of Indiana. In 2005, when House Republicans were last in the majority during a budget year, they crafted the first truly balanced budget in over a decade.
"The budget that my counterparts crafted last year would have left Indiana bankrupt. This next legislative year will be difficult, but House Republicans have a proven track record of balancing the budget, not bankrupting it," said Rep. Behning.