| Show ' N - r GOVERNOR ft A UtabRequires a plan of substance 9 T New Day for -- 'tic'on Huntsirn 1111 0 eI ECtitlOMIC ReVitthZ1 add(' n ' summary for Uta A 13 Revamp Utah's Tax Structure 01 high-payin- y 1' I ' f li '')) 1 jobs) in Utah I plan to work closely with the Utah Legislature to enact the following tax measures: 1 Align tax needs of state and local governments 2 Create tax holidays for specific types and sizes of companies willing to relocate or expand to I if the state's research and development the Industrial Assistance Fund Provide more competitive job training credits Phase out the sales tax on food Revise or reduce the corporate income tax and revamp taxes on capital gains and dividends 4 Review 7 1 Improve the Competitive Environment for Small and 2 Medium Sized Companies your Governor I will work to implement a number of policies that would support small and medium sized businesses including the following: 1 Facilitate and improve access to capital 2 Grow Utah's pool of management talent 3 Do state business with Utah companies s I Support current initiatives to increase Utah's marketing efforts i I I ! Utah: - I ! incorporate tourism into mainstream economic development 3 Actively promote responsible hunting fishing and outdoor recreation 4 Recruit conventions conferences and individuals d 5 Increase the reinvestment of revenue for the benefit of growth in the tourism industry 2 Strategically Ji1 Vorfer741Pmvef4ArIoxor-- future Without quality high paying jobs and a strong vibrant economy we will be education for unable to afford a world-clas- s our children our growth needs such as transportation or preserve our unparalleled quality of life" Jon Huntsman Jr tax credit 5 4! "Economic revitalization is the key to Utah's Utah 6 t ft ' m 3 Revamp I will work to help Utah regain the that was established in 2002 I will momentum focus my efforts on supporting the following key areas that will increase value added tourism for As Governor 1 e' ''' A tourism-generate- Energize Economic Development in Rural Communities Focus on the right industries for Utah's 21st Century Develop programs and incentives to encourage cluster development in targeted industries that are tied to our natural advantages as a state will fight to develop the economy for our entire state My plan for bringing prosperity to rural I Utah includes the following: 1 Facilitate access to capital As ' 4 Reform taxes Reduce government regulation and red tape 6 Encourage innovation 7 Work to eliminate the corporate tax on small business (less than $5 million in revenue) for the first five years 5 Recruit Businesses to Our State Promote the development of "centers of mass" needed to attract economic opportunities 3 Promote rural Utah's potential to national and international markets 4 Actively solicit new markets for rural Utah 2 Enhance Utah's National and International Image For Utah to stimulate economic development in business convention trade tourism and living in Utah we must enhance our national and products Encourage and incentivize students to attend our rural institutions of higher education 6 Promote natural resource development 7 Promote forest management and fight against frivolous litigation and other overzealous tactics 8 Protect private property rights 9 Promote responsible wilderness la Fight to protect access to public lands for 5 international image We want to be known as an attractive place in which to do business to visit and to live the following measures should be considered and enacted: 1 Assess current status of Utah's image nationally and internationally 2 Benchmark current Utah efforts against state and Specifically image-improveme- nt While most of my effort will be to support local entrepreneurs and local business development I will also seek to better leverage our state's economic development resources and align those efforts with private sector recruitment initiatives 1: Develop a list of target companies for recruitment 2 Reach out to target companies 3 Provide competitive tax incentives 4 Capitalize on current economic trends 5 Ensure any recruitment effort serves to strengthen existing business and not at the expense of current business rAv Attract More Capital Governor of Utah I will lead our efforts to attract more capital (for Utah companies) from all available sources These efforts will include: I Improve access to private sources of capital 2 Support and expand state incentives for investment capital 3 Secure more federal grant money for Utah companies and projects As Promote Growth in Target Industries Governor I will work with the State Legislature to create a coordinated and efficient set of programs and incentives to allow Utah to attract and retain a critical mass of the activity in As "best-in-clas- I I aim' 1 1 ! k i - I Furthermore whenever my economic development initiatives call for additional positions or incentives we will find the funds to enact these programs from within our existing budget I will curtail the growth of government by: 1 Initiating Sunset Provisions in new state legislative actions 2 Initiating biennial legislative sessions 3 Creating growth boundaries that are tied to gross state output and population trends 4 Implementing "best practices" from throughout the country and demand performance accountability For a full copy of the plan contact us at: wwwvotehuntsmancom PO Box 27124 Salt Lake City UT 84127 or infovotehuntsmancoin 4$N "" " in Gover for Governor g"(400- MT (payments will work with the Legislature and other key departments to adopt a flexible freeze in state hiring and implement growth boundaries As Governor will bring to bear my 1 - claims on ay Efficient regions Place an emphasis on California business advisory board for Appoint a world-clas- s international trade 4 right-of-w- Make State Government More national and international experience in business and trade relations to open up global markets for Utah businesses My efforts to strengthen Utah's presence in the international trading community would be focused on the following key areas: 1 Leverage my international experience with relationships to benefit Utah 2 Build connections with overseas offices to facilitate growth within key international 3 — We must learn to do more with less 41Ip roommorN 12 Capture Global Opportunities for Utah Companies As Governor of Utah Protect federal lands Push for full payment of lieu of taxes) 11 RS 2477 year-roun- Paid for byor itilt' recreation s" corporate programs 3 Update and upgrade materials used to project Utah's image 4 Proactively increase awareness outside Utah that "Utah is the place" for businesses convention trade tourism and good living 5 Enhance the image of small and medium business success in Utah 6 Establish a direct line of contact to the Governor 7 Formulate trade show recruiting pipeline list d 8 Promote Utah as a vacation spot 9 Promote the legitimate business activity that Utah fosters each target industry : SOS Promote Tourism : The first step in creating the environment for g jobs in Utah is to restructure taxes to be more business-friendlThe State's current tax structure is outdated We need a new more sensible structure that rewards the private sector for creating long-tereconomic growth (and Specifically Plan S JC': T i C t''Y '' P7‘1"7 -- 1 1 4 A f kt h I 4 e4 0 )0 0 -- !A |
