Business Forum: State aims to get more business friendly
Before Gov. Tom Corbett selected me to serve as secretary of the Department of Community and Economic Development, I worked in the private sector for more than 40 years and served as president of a number of business organizations. That experience has given me the unique perspective to evaluate Pennsylvania's business climate from a businessperson's viewpoint and has given me a better understanding of our core industries and what makes Pennsylvania's economy tick.
In reading Ball State University's 2011 Manufacturing and Logistics National Report that was published recently, I thought some of the findings were fair points that Pennsylvania needs to address, but others, particularly in regard to our manufacturing industry and overall strategy, were off the mark.
A recent study, Pennsylvania's True Commonwealth -- State of Manufacturing, provides an in-depth analysis of the state's manufacturing sector. Manufacturing accounts for 14 percent of the commonwealth's gross state product and, during the economic recession, many key manufacturing sectors continued to be significant job creators. Because of Pennsylvania's commitment to the industry and our new energy discoveries, manufacturing is well positioned to grow and thrive.
The state Department of Labor and Industry reports that manufacturing added 4,200 jobs in 2011 alone. The innovative products being developed in Pennsylvania today will someday be manufactured for mass use and consumption in the future. This means continued economic growth and new jobs for Pennsylvanians.
We are already seeing tremendous job growth from Marcellus Shale development. The state Department of Labor and Industry reports that approximately 72,000 jobs have been created due to the growth of the natural gas industry in the state.
Pennsylvania is poised to be a national economic leader. But to be truly successful, we need to improve our tax climate. The Corbett administration is committed to improving Pennsylvania's business climate and has included a number of tax reductions and tax credits in the proposed state budget to reduce the tax burden on job creators.
The phaseout of the Capital Stock and Franchise Tax, which stalled the past few years, will finally resume and be completely eliminated by 2014. The administration's business-friendly interpretation of tax law regarding 100 percent bonus depreciation benefits and goal to reduce the corporate net income tax from 9.99 to 6.99 percent will send a strong message to the business community that Pennsylvania is serious about supporting job growth.
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Tom Corbett selected me to serve as secretary of the Department of Community and Economic Development, I worked in the private sector for more than 40 years and served as president of a number of business organizations. That experience has given me the
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Minnesota Education President Tom Dooher deserves a big red “F” for his honesty in his letter to The Forum on June 21, “What makes great teacher?” In his discourse concerning teacher evaluations, he stands against judging teachers by standardized tests
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“The Obama administration is less transparent than the Bush administration.” ~ Tom Fitton, President of Judicial Watch 
Right on! Thanks for posting, Tom! 
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