In Other Economic News…
Today at noon Jack Markell and DEDO Director Alan Levin will announce a new program to help provide working capital to small businesses.
Small businesses provide 50% of the jobs in the state and they don’t need to be constantly bribed with tax breaks to stay here. They are less likely to cut jobs to please “hot money” shareholders, and more likely to keep capital circulating in Delaware.
One of my biggest problems with the last administration was the myopic belief “economic development” meant chasing fortune 500 companies with tax breaks.
Chasing Fortune 500 companies is certainly not limited to Delaware. This happens everywhere, as far as I can tell.
Ray Charles could have seen better than the last administration. You are being too kind.
A very strong thing to pursue is universal health care coverage for small business. A bill has been in committee and was submitted by a Republican.
Another huge plus would be to have that bottom review Markell mentioned last year but has gone AWOL.
Mike Protack