Here it is, Independence Day, 2009!
Many of us are anticipating many new opportunities since our new administration has moved through the process of setting up a new mindset for progress. We have seen incredible instances of economic activities, as well as, fast expenditures. While many companies have cut jobs over the last year, it does look like opportunities for creating income are coming to the surface.
As I speak with individuals in various industries, everyone seems to agree. We need to redefine our thought processes and our expectations for commerce. This week in Arizona, we saw an example of a coming together of the minds on the senate floor. Senate Bill 1403 passed last Friday in the House. This bill awaits the signature of the past Secretary of State, now new Governor, Jan Brewer who filled the position following Janet Napolitano's move to the White House.
I'll share some details that Ryan Randazzo of the Arizona Republic wrote in the Tuesday, June 30, 2009 edition in the business section. "The bill includes a refundable income-tax credit based on the jobs created, as well as a possible property-tax reclassification.
)Renewable-energy factories or company headquarters could get a 10 percent income-tax credit on capital investment.
)Companies that spend at least $25 million also could have their real-and personal-property taxes reclassified, saving them about 80 percent.
)Companies that pay between 125 percent of the median state wage (between 25 percent more to nearly double the state average wage) get a 10-year reclassification.
)Companies that pay 200 percent or more (more than double) the average wage get a 15-year reclassification.
)To qualify, the majority of jobs must pay 25 percent more than the median wage in the state.
)The company must provide health care coverage and pay at least 80 percent of premiums."
The bill has covered some important elements to bring Renewable energy manufacturing to the state. Creating higher income level jobs is important to the states economy. There has been broad discussion over the rest of the state budget facing severe cuts. The school budget has been severely affected with an already less than adequate presence nationally. Wage cuts have affected teachers. I am one who supports our teachers. They are important to the future of our children. Since we are so closely affected by budget cuts, I have put Sherlock on this one and he has hit the jackpot already!
He has put his furry little paws on a grass roots effort; fundraising activities. As is usually the case, the campaign gets everyone on the same page to produce success for the cause. These are helping schools and non-profit organizations create additional funding sources. Products (which are actually rebuilding health and creating solutions to the obesity epidemic in our youth) are offering consumable alternatives to candy drives and car washes in an industry that has grown over 500% in the past couple of years. In fact, the products offered have passed the scrutiny of drug screening and are endorsed by professional athletic organizations. A large portion of the proceeds are helping fund the Health Corp; an organization created by Dr Oz to overcome obesity in children.
The true value in these fundraising efforts is that non-profits can raise their funds and receive 100% of the profits and can even utilize their non-profit status by saving the price of tax. These activities can be ongoing. It's worth checking out these products. This is the purest form of leverage I have seen lately.
You can get a copy of the power point presentation FREE to show you how much funding you can get in order to raise your funds quickly for your school or organization. Email me at findfunds@commercialfrequency.com. Your power point presentation will be emailed to you.
As usual, Sherlock has 'sniffed' another great one out!
Let me know your questions. I'll get back with you.
Charlene Hines
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