A Commitment to Ohio’s Small Businesses
By Lt. Governor Mary Taylor
As the Council of Smaller Enterprises (COSE) hosted their Legislative Day this month at the Statehouse, I had the opportunity to join the organization for a discussion regarding the progress we have made over the past four years in making Ohio more small business friendly.
Governor John R. Kasich and I believe that Ohio and communities cannot be strong without equally strong, financially healthy hometown businesses. That is why we have been so focused on helping our small businesses succeed.
As a small business owner alongside my husband, I know firsthand that our small businesses face too many headwinds – from federal health care mandates, to unpredictable situations, regulations, challenging bank loans, you name it. In Ohio, we are determined instead to have state government be a positive force, a wind at the backs of small businesses, moving them forward.
Our recent proposal to eliminate income taxes for small businesses with less than $2 million in gross receipts builds upon our progress to help all types of businesses in Ohio – including a 50 percent small business tax deduction we instituted two years ago for all businesses on their first $250,000 of business income.
When I became Ohio’s Lt. Governor four years ago, I very quickly saw evidence of Gov. Kasich’s commitment to help small businesses thrive. One of his first acts in office was to ask me to lead Ohio’s Common Sense Initiative (CSI). This initiative is a comprehensive effort to reform and improve Ohio’s regulatory environment, helping clear roadblocks that make it difficult for businesses to succeed.
Our goal was simple: improve the regulatory rule-making process by encouraging more interaction with stakeholders, while requiring a common-sense justification for any regulatory impact on job creators. Through CSI we have created a Small Business Advisory Council to maintain our focus on small businesses. We are fortunate to have two COSE members, Mike Baach (Philpott Solutions Group) and Michael Canty (Alloy Bellows & Precision Welding) serving on this Council to provide guidance as we continue to streamline the regulatory process. I’m pleased to report that we’ve made a lot of progress with CSI and will continue to focus on this important mission up until our last day in office.
Other Administration accomplishments to help small business include: $2 billion in Workers Compensation rebates, lower workers compensation rates, new workforce programs, infrastructure improvements, and reforms to Ohio’s health care system – all designed to help businesses have the right economic climate for success.
As the governor likes to say, “It’s only halftime in Ohio.” It’s a game our state is winning, but we hope you can help us advocate on new reforms that will further advance Ohio’s progress and take us to the next level for a prosperous future.