By : Andrew Klappholz
Source : http://www.lohud.com
Category : Small Business Grant
Some of Westchester’s fastest-growing companies ought to benefit from their efforts to keep jobs in America, U.S. Sen. Kirsten Gillibrand said Friday.
Local biotechnology labs should be eligible for federal grants if they create local manufacturing jobs, said Gillibrand, D-N.Y., at a breakfast sponsored by Key Bank and the Westchester Business Council.
“We need that excellent workforce that we have right here in Westchester,” Gillibrand said.
Under her proposal, which she and Rep. Nita Lowey, D-Harrison, introduced in October, American and foreign manufacturers could apply for grants if they did their manufacturing in the United States.
Their legislation would not include big companies such as Regeneron — a Tarrytown-based biotech company that went from 400 employees to 1,650 in the past four years. Only biotech companies with fewer than 750 total employees are eligible; other manufacturers would need fewer than 1,000.
While federal officials are working to simplify the corporate tax code that would eliminate deductions and tax credits, President Barack Obama is promoting several exceptions: a research and development credit as incentive for innovation, a green credit to encourage corporate behavior that’s friendly to the environment, and a manufacturing plan designed to keep manufacturing jobs from going overseas.
Gillibrand said the president’s plan is “slightly more complicated” than a regular flat tax that would provide certainty to businesses, but she supports his agenda and likes how her manufacturing legislation fits in with it.
Bankers could use more clarity as well, she said, citing some of the confusions that came from the Dodd-Frank financial regulations.
But she said the good news on Wall Street is that members of Congress won’t be able to use their positions to trade or tip others to trade stocks based on insider information. That measure, the STOCK Act, was Gillibrand’s most recent accomplishment; the president is expected to sign it soon.
The bill passed with bipartisan support. Gillibrand said other areas such as public safety and infrastructure should be supported on both sides of the aisle as well.
She also praised Obama for including the Tappan Zee Bridge among his top national infrastructure priorities and echoed his call for a new system to fund such projects.
“We need an infrastructure bank … that is run outside of the political structure — just like the Fed is,” Gillibrand said.
Source : http://www.lohud.com/article/20120225/NEWS02/302240056/Gillibrand-backs-federal-aid-biotechs-create-jobs
Source : http://www.lohud.com
Category : Small Business Grant
Some of Westchester’s fastest-growing companies ought to benefit from their efforts to keep jobs in America, U.S. Sen. Kirsten Gillibrand said Friday.
Local biotechnology labs should be eligible for federal grants if they create local manufacturing jobs, said Gillibrand, D-N.Y., at a breakfast sponsored by Key Bank and the Westchester Business Council.
“We need that excellent workforce that we have right here in Westchester,” Gillibrand said.
Under her proposal, which she and Rep. Nita Lowey, D-Harrison, introduced in October, American and foreign manufacturers could apply for grants if they did their manufacturing in the United States.
Their legislation would not include big companies such as Regeneron — a Tarrytown-based biotech company that went from 400 employees to 1,650 in the past four years. Only biotech companies with fewer than 750 total employees are eligible; other manufacturers would need fewer than 1,000.
While federal officials are working to simplify the corporate tax code that would eliminate deductions and tax credits, President Barack Obama is promoting several exceptions: a research and development credit as incentive for innovation, a green credit to encourage corporate behavior that’s friendly to the environment, and a manufacturing plan designed to keep manufacturing jobs from going overseas.
Gillibrand said the president’s plan is “slightly more complicated” than a regular flat tax that would provide certainty to businesses, but she supports his agenda and likes how her manufacturing legislation fits in with it.
Bankers could use more clarity as well, she said, citing some of the confusions that came from the Dodd-Frank financial regulations.
But she said the good news on Wall Street is that members of Congress won’t be able to use their positions to trade or tip others to trade stocks based on insider information. That measure, the STOCK Act, was Gillibrand’s most recent accomplishment; the president is expected to sign it soon.
The bill passed with bipartisan support. Gillibrand said other areas such as public safety and infrastructure should be supported on both sides of the aisle as well.
She also praised Obama for including the Tappan Zee Bridge among his top national infrastructure priorities and echoed his call for a new system to fund such projects.
“We need an infrastructure bank … that is run outside of the political structure — just like the Fed is,” Gillibrand said.
Source : http://www.lohud.com/article/20120225/NEWS02/302240056/Gillibrand-backs-federal-aid-biotechs-create-jobs
