PA WORKS Creating jobs and investing to move Pennsylvania forward
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1 PA WORKS Creating jobs and investing to move Pennsylvania forward
2 PENNSYLVANIA S JOB CRISIS THE PROBLEM PA job growth slips from top 10 among all states when Gov. Corbett took office to 49 th today: PA has a deficit of 212,000 jobs when compared to national average PA significantly trails all of its surrounding states for new job growth since Jan Less than 100,000 net new jobs have been created since Jan PA job growth is less than one-fifth of what it was just a few years ago (more than 5 times less)
3 PA WORKS SPOTLIGHT THE SENATE DEMOCRATIC STRATEGY Fund new business opportunities Invest in state infrastructure Enhance relevant job training Provide assistance to veterans Focus on vulnerable populations
4 FUND BUSINESS INVESTMENTS THE GOAL Create a fund dedicated to key investment programs Expand business opportunity through targeted tax-credits Encourage industry investments by creating incentives for financial institutions to accelerate and expand business lending Provide regulatory relief to promote business expansion
5 FUND BUSINESS INVESTMENTS THE PLAN Senate Bill 200 (Costa) Create annual $80 million PA Works fund using revenue from Capital Stock and Franchise Tax Senate Bill 205 (Fontana) Give banks/lenders incentives to loan dollars to small businesses Senate Bill 216 (Blake) Fund PA s Statewide Housing Trust Fund to increase number of affordable homes
6 INVEST IN INFRASTRUCTURE THE GOAL Establish infrastructure investment bank to provide catalyst for business growth Amplify new transportation funding for PA s roads, bridges, mass transit, and multi-modal transportation to attract new investment Create infrastructure tax-credit program to generate new investment for water, sewer and other infrastructure improvements
7 INVEST IN INFRASTRUCTURE THE PLAN Senate Bill 201 (Hughes) Issue tax credits to encourage private investment to fund $1 billion in critical new infrastructure improvements Senate Bill 236 (Hughes) Establish PA Investment Bank Fund to invest in new programs Senate Bill 224 (Fontana) Recapitalize successful Business in Our Sites program
8 INVEST IN INFRASTRUCTURE THE PLAN Senate Bill 1033 (Schwank) Allow up to 15 cities to participate in the city economic revitalization program (CRIZ) Expand H20 PA (Schwank) Increase debt ceiling for Commonwealth Financing Authority Authorize New PENNVEST Funding (Yudichak) Ask voters to authorize $500 million in borrowing to fund clean water projects
9 INCREASE JOB TRAINING THE GOAL Coordinate job-training programs to create an integrated one-stop system of workforce investment and education services Enhance training process so workers are prepared for emerging industries Tailor workforce training to employers needs
10 INCREASE JOB TRAINING THE PLAN Senate Bill 223 (Tartaglione) Create employer-driven Train-To-Work PA program Senate Bill 230 (Boscola) Offer tax credits for businesses for hiring qualified student interns Senate Bill 208 (Kitchen) Create a Summer Youth Employment Program at state/local facilities Industry certificates (Dinniman) Allow vocational students to earn industry certifications in accelerated programs to strengthen career opportunities Increase pathways to high demand jobs (Costa) Encourage training partnerships between businesses and community colleges that fill high demand jobs
11 PROVIDE ASSISTANCE TO VETERANS THE GOAL Reduce the unemployment rate of veterans Develop incentives to hire veterans Tailor specific training programs to help veterans succeed in civilian careers after their military service
12 PROVIDE ASSISTANCE TO VETERANS THE PLAN Senate Bill 203 (Kasunic) Help veterans develop skills to manage and operate a small business Senate Bill 215 (Kasunic) Establish veteran-owed Business Loan Guarantee Program Senate Bill 231 (Williams) Create tax credit for businesses that hire veterans Senate Bill 452 (Smith) Make it easier for military spouses to transfer professional licenses to PA Increase veteran contracting (Solobay) Increase the statewide goal for veteran contracting from 3 to 10 percent
13 FOCUS ON VULNERABLE POPULATIONS THE GOAL Provide resources for minority women and families Improve opportunities for the economically disadvantaged Offer childcare incentives to reduce financial burden on families
14 FOCUS ON VULNERABLE POPULATIONS THE PLAN Senate Bill 228 (Washington) Improve opportunities for women and minority-owned companies Senate Bill 219 (Schwank) Provide small business tax credit to fund childcare subsidies for employees Senate Bill 1300 (Tartaglione) Increase the PA minimum wage to $10.10 per hour by 2016
15 PA WORKS INVEST IN PENNSYLVANIA Senate Democratic plan will: Invest in Pennsylvania s small businesses Develop and rebuild infrastructure Prepare workers for in-demand jobs Train veterans for fulfilling civilian careers Ease the financial burden on minority women and families Will create an estimated 80,000 jobs annually Will leverage more than $2 billion of private sector investment
16 PA WORKS INVEST IN PENNSYLVANIA SB 200 Costa Establish PA Works Fund SB 223 Tartaglione Train to Work Program SB 201 Hughes Expand Infrastructure Investment SB 224 Fontana Recapitalize Business in Our Sites SB 202 Williams Reform Corp Net Income Tax SB 225 Farnese Expand Alt & Clean Energy Program SB 203 Kasunic - Veteran Entrepreneurial Support SB 226 Ferlo Improve High Perform Bldg Program SB 204 Tartaglione - Close Delaware Loophole SB 227 Kitchen Green Workforce Training Grants SB 205 Fontana Strengthen Small Business Lending SB 228 Washington Procurement Modernization SB 206 Boscola Property Tax Relief SB 229 Blake Improve Job Creation Tax Credit SB 207 Wozniak Incentives for Community ESCOs SB 230 Boscola School-to-Work Tax Credit SB 208 Kitchen Summer Youth Employment SB 231 Williams Veteran Employment Tax Credit SB 209 Stack Manufacturing & Ag Tax Credit SB 232 Dinniman Acad Credit for Military Service SB 211 Washington Return on State Investment SB 233 Costa Increasing Ceiling for NOL SB 212 Dinniman Reform Unemployment Comp SB 234 Costa - Tax Modernization for Reinvestment SB 213 Farnese Support New Infrastructure Tech SB 235 Yudichak Streamline Job Training Programs SB 214 Leach Video Game Production Tax Credit SB 236 Hughes Pennsylvania Investment Bank Fund SB 215 Yudichak Increase Veteran Business Lending SB 237 Hughes Expand Neighborhood Assist Credit SB 216 Blake New Funds for Affordable Housing SB 238 Smith Energy Star Manufacturer Tax Credit SB 217 Brewster Improve Small Business First Prog SB 239 Smith Green Roof Tax Credit SB 218 Solobay Better Energy Sector Supply Chain SB 240 Smith Energy Star Glass Tax Credit SB 219 Schwank Childcare Tax Credits SB 241 Fontana Veteran Pref for Civil Service Exam SB 221 Smith High Performance Bldg Tax Credit
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