ECONOMIC GROWTH & POVERTY REDUCTION PLAN
WISCONSIN'S NEW ECONOMIC POLICY IN THE 21ST CENTURY
It's about the start-ups. Let's attract start-up businesses and create new jobs by creating start-up business centers or "incubators". These hubs will be spur economic activity for local developers, small-businesses, and start-up geeks.
- Provide investment incentives for businesses to run start-up business centers by:
- Accommodation services, labor, and start-up businesses can share facilities for office, manufacturing, laboratory, etc. at low costs.
- Convert public land and properties to start-up business centers. For example: Biotechnology start-up centers, App development start-up centers, etc.
- Incentivize businesses in committing vocational courses and employment program directly through community college. Let's get businesses committed to directly hiring local work force.
- Support and expand the MATC Promise.
- Extend tax incentives for businesses hiring the unemployed or economically disadvantaged to spur hiring.
- Create a competitive state-wide job center as a logistical hub for employers and employees.
- Encourage start-ups and small businesses in distressed neighborhoods with micro-loans. More business, more jobs.
- Let's attract talents to create jobs. Zero tax for clean energy or technology businesses.*
- Stream line immigration process for foreign investors that hire locally.
- Promote and incentivize a living wage.
- Offer a 5-year tax exemption (or 10-year at 50% tax rate) for new housing projects at distressed neighborhoods.
- Streamline regulation on both zoning and building in distressed neighborhoods.
- Decrease costs of new housing projects by 33%.
- Break traditional business and residential zoning lines to spur economic growth.
- Let owners in distressed neighborhoods share urban renewal benefits when they offer their property for renewal.
INTENSIVE REINTEGRATION PROGRAMS FOR PRIOR OFFENDERS
Taking the idea of a Toby Eccles's The Social Impact Bond, to create a partnerships with private investors or non-profit organizations to fund social change. The government would pay for innovative social programs if and only if it has a measured success. It takes away the political pressure and costs away from the government in funding social programs, and gives the people a chance to invest in cutting edge programs. If the program is successful, then government would then pay investors for its success. Investors benefit on their investment. Society benefits from reduced crime. The government benefits from having a better society. And finally, prior offenders benefit from being re-integrated into the community.