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Memo from the
President
Duane O'Neill
As the calendar flips to November, we
anxiously await the election returns on some decisions that will
have a huge impact on our economic outlook for years to come.
Results for the election of a new president, congressional
seats, Supreme Court positions, and referendums on liquor sales
in Rankin County as well as the Convention Center in Jackson
will all shape the business climate for years to come. However,
November is also a stark reminder that another state legislative
session is quickly approaching. In fact many of the state
legislative committees are already at work and holding
hearings. The budget constraints facing the legislative body
will make the upcoming session tedious, if not downright
exasperating. Obviously our Metro Legislative Agenda will need
to be more targeted and better communicated than ever before.
Your input is critical to the development and delivery of the
2005 business agenda.
Business leaders from Hinds, Madison and
Rankin Counties recently met with state legislators from the
three counties to begin the dialogue. With the victory of
meaningful tort reform from the 2006session in place, we could
now focus on other business issues. At the forefront of the
discussion was the “No New Taxes” issue. While this stance
resonates with many of us, does “No tax” include local
referendums (such as local option sales tax) that citizens may
desire to place upon themselves for particular projects or
infrastructure needs? We are still debating this issue and
would appreciate your thoughts. Another example is the concept
of toll roads. Would our business community support a toll
bridge tax to bring the Airport Corridor (a new road from the
Jackson International Airport across the Pearl River connecting
Downtown and eventually Jackson State University) to fruition?
Another issue we are planning to take to
the legislature is a measure to give incentives to
non-manufacturing businesses to expand and grow their
businesses. Recently we have worked with a Ridgeland business
on plans to expand their current employment from 200 employees
to a possible 700. Other than some state job training tax
credits, we really don’t have any other assistance in place.
Considering that nearly 80% of new job growth comes from
existing business expansion and that many competitor states have
more assistance available to entice existing business to expand,
we need to change our incentive package. If we do not,
businesses such as the one in Ridgeland, which has other
locations in Virginia and Florida, will decide to place the
expansion projects somewhere other than Mississippi.
With these ideas in mind the State and
Local Affairs Committee, which is developing the Metro
Legislative Agenda for our Chamber, will be putting the details
of our plan into action very soon. Taxes, education,
transportation and business growth are all important priorities.
The message needs to be streamlined with broad-based support.
Please help us in the development of this message by contacting
Lewis Slater or me to discuss your thoughts. |