Monday, January 14, 2008

Tax Incentives - Small Thinking & The Super Advantage Program

Once again our governor has come up with a new tax giveaway with little original thinking. Of course the Omaha Chamber of Commerce LOVES the idea. Here it is for companies that create 75 or more "high paying" jobs and invest $10 million dollars in Nebraska a "higher level of tax credits" would be offered to them. The jobs would have to pay 150% of the state average ($50,700) or 200% of the county average. Most of these types of programs are Net zero games at the national level. Simply a shell gave by delete jobs in one state and moving them to Nebraska and calling that "job creation". No that is actually job relocation.

What I would like to see is a program the helps young entrepreneurs create home grown businesses that have the potential to grow into next generation of leading industries and businesses. Some type of program that encourages small scale risk taking, builds our innovative working class and incubates creative thinking. Shouldn't that be possible if the real objective is the create long term strategic economic growth?

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