Business & Job Creation
Businesses need a friendly and fair business environment so they can compete, innovate, and create jobs. We’re keeping politicians from playing favorites by offering special deals and tax breaks to the favored few.
Part one of Ayn Rand’s Atlas Shrugged ends in despair, as the oil fields of entrepreneur Ellis Wyatt burst into flames. Wyatt Oil, once a successful business that created jobs and launched an economic Renaissance in the western United States, had fallen victim to stifling taxes and government regulation. No longer willing to surrender to bureaucrats, Wyatt abandons his once-thriving business.
Applications for the Foundation for Economic Education's Summer Seminars are now open! The Freedom University series in Atlanta, GA, is designed to introduce college students to Austrian economics, history, and current events. The Advanced Austrian seminar will take place at FEE's headquarters in Irvington, NY, and two high school seminars will be held in Salt Lake City, UT. This year we’ll also put on a new seminar for FEE alumni, Communicating Liberty, in Atlanta.
An important driver of job growth is investment. Without investment, new businesses may not flourish or even see the light of day. And venture capital investment in technology start-ups is one of the highest-profile sources of new business births.
Governor Jan Brewer may call a special legislative session to extend unemployment insurance (UI) payments from 79 to 99 weeks. Senate President Russell Pearce and others are concerned that extending the length of time the unemployed can receive government payments discourages their search for work. They have good reason to be concerned. A number of economic studies have estimated that the availability of extended unemployment benefits tends to postpone an active search for employment by the average worker.
It’s not every day that the New York Times makes a compelling case against government giveaways. But a recent page-one article underscored that the Solyndra scandal was only the tip of the solar-subsidy iceberg. Huge companies like Goldman Sachs, Morgan Stanley, General Electric, utilities including Exelon and NRG, and even Google are receiving government guarantees that ensure large profits with virtually no risk — except to the taxpayer.
State-by-state comparisons can be useful to determine how Arizona stacks up against our neighbors, including our relative business-friendliness. While we might not agree on the best way to entice companies to locate here, we can all agree that economic indicators and tax structures matter to investors, entrepreneurs and wealth creators.
There’s a new feature at summer camp this year. But it’s not a new swimming hole or playground. It’s Big Brother looking over the shoulders of daycare centers.
Arizona’s Division of Licensing Services (DLS) has created a new program to control activities from TV time to the number of times water is offered each day. While DLS doesn’t have the authority to freely reign over private daycare centers, it has found a way to use fees to force private organizations to submit to its preferences.
Every year, people and their income move between states. They move for a number of reasons, but there’s ample evidence that cost of living and its relationship to tax burdens are a factor.