Job Creation ASTS (A step towards success)

Let me Introduce Myself Hello good afternoon to you. Let me introduce myself my name is Talarrio Davis a Senior for Shroder Paidea. Let me ask you something. Do you know how high unemployment rate is in Cincinnati? Well 8.7% of people are unemployed. Every wanted to know what we can do to change that?

Programs The Evergreen Cooperatives in Cleveland operate green laundry and other green businesses that employ people in some of the city’s most impoverished neighborhoods. Integrated Packaging Corporation and Homecare of Rochester created opportunies for employees to move up the economic ladder and improved quality of product service. Various Amendments to the Clean Air Act have caused far lower cost and job losses then executives feared.

About My Program My program is using President’s Obama American Jobs Act plan but using it in Cincinnati. With the increased payroll I plan to make a department to train people to help the unemployed and get jobs. Currently Cincinnati’s payroll is 2.1%. My program will raise the payroll to 2.3%. By doing this payroll will be put into people earning jobs and making a higher income.

Problems with Creating Jobs. Lack of room for employment The economy is in trouble and for August there are zero new jobs. The nation has a self-imposed debt ceiling. The government does not have an infinite capacity to spend.

Debt Central government debt undermines 85% of gross domestic product. Central government is exceeding 90% of GDP in advanced economies stunted growth To reduce the size of debt nominal GDP must grow at a faster rate than debt

What Has been Done? Obama proposed an American Jobs Act. Including a temporary payroll tax cut to keep an extra 1,500 flowing to a typical household. New jobs of business are emerging in communities the U.S focused on job creation and the economic growth. Social impact businesses offer the possibility of making jobs create a much larger working population in our country.

What Can Be Done? House members may spike a job creation bill proposed by the senate. Some testimony focused on a plan to authorize up to $60 million of tax credits for companies exports. Build more Job Acts programs within the city such as my program ASTS.

People I will Help. The lower/middle class and the unemployed. Estimated total of unemployed people in Cincinnati are estimated about 8.7%. My program will work with a smaller group of people about 2% of the unemployed.

People I need to Employ I am going to start off small with 10 to 25 people employed. These people will train other employees. I will have such roles like accounting, HR, Councilors, Security, etc.

Resources I will need a building for clients to refer to. Such as, meetings they may want to attend. A website so all my program info address and phone number are located.

Cost Estimated total for a small business start up is around $7,000. Full months rent for office space ranges from $300 to over a $1,000. Plus payment of employees which I will offer $200 per paycheck. Yearly the cost to run this program will be a rough estimate of $69600.

Who Will Fund Me. There are a series of grants funded by the state. One of wish are supported by Obama which offers $30 million for small business loan.

My Collaboration If the payroll, which is currently 2.1%, increased to 2.3% an additional 200 would be increased in taxes. The Payroll would then generate $2300 vs. $2100 due to the increase in payroll. Stated from the Cincinnati’s Finance Department.

Counter Arguments The U.S is in debt and is short of money and has problems with its budget. If I increase the payroll tax the rich will be against because they may believe that it will result in slowing down chain of business.

In Closing Thank you for your time and I hope that I enlighten you all with my presentation. Thanks again.

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