Jobs: One of the best ways to create jobs is to engage in regulatory reform. Until the GOP takeover of the General Assembly in 2010 the thousands of rules and regulations on the books had never been reviewed to see if they were still necessary. Republicans have begun the long and arduous task of looking at each regulation to see what can be eliminated.
In fact, layers upon layers of rules had continued to be added to the NC Administrative Code over the decades, stifling the creation of jobs. Business startups and expansion have become increasingly cumbersome over the last many years because of the never ending onslaught of new regulations imposed upon business by bureaucrats.
Consider this: North Carolina has approximately 23,940 rules on the books. Citing just four categories that negatively impact job growth and job creation, the state has 4067 Environmental and Natural Resource regulations;1777 rules and regulations governing Commerce; 1050 rules and regulations governing Agriculture and Consumer Services and 741 rules and regulations governing transportation. Many of these regulations are no longer even relevant but because they remained on the books they presented another hurdle and expense for folks in business to try and overcome.
We must continue regulatory reviews on an ongoing basis to see that this never happens to the NC Business Community again. Lets make NC truly business friendly.
Another way to create jobs is to initially reduce and then ultimately work toward eliminating the corporate tax. We must also lessen the overall tax rates for everyone which includes many individuals who run small businesses and pay their taxes using the same tax tables as most North Carolinians. Working capital will be immediately freed up to create jobs and expand.
Education:The U. S. Department of Commerce estimates that 10 million jobs will be created that will require specific technical and career oriented skills. They also project that by doing nothing any different than we are currently doing in the educational arena here and elsewhere, only 4 million individuals will have the necessary skill sets and training to fill 10 million job openings that pay very well.
Eastern North Carolina could attract some of these jobs if we had citizens with the proper training. At the very least we could initially reduce our staggering unemployment rate by equipping potential workers with the skills necessary to seek those job openings wherever they may exist.
In a short time businesses would be interested in locating here because of what I and others are recommending we must consider doing to create a steady and predictable environment for job growth well into the future.
A Technical and Career oriented Charter School should be established for candidates of all ages to train for 21st Century jobs. The School would work with existing businesses at first using space within each enterprise to be set aside for those seeking to learn with no cost or liability to the business but giving those companies who participate in sharing space the first choice at those newly trained and ready to go individuals for their firms. In time as job needs become more clearly defined and as the state’s financial picture begins to improve, a separate facility can be considered. Unemployment rates will decrease along with the demand for social services. In addition,high school dropout rates will decrease as more individuals determine for themselves that their aptitude may lean in a direction other than that of what a four year college degree would provide.