CHAMBER PRIORITIES TO CREATE JOBS PASS IN THE 2012 SESSION

Date: 
April 10, 2012

Annapolis, MD - The Montgomery County Chamber of Commerce applauds the State legislature for passing two bills that will create jobs in Maryland: HB456/SB549: Small Business Reserve Program - Definition of a Small Business - Revision sponsored by Delegate Kirill Reznik and Senator Karen Montgomery & SB296: Income Tax Credit - Security Clearances - Employer Costs sponsored by Senator Roger Manno. Both of these bills passed on the final day of the 2012 Legislative Session.

"These bills will strengthen small businesses that contract with the Federal or State government. These new policies will help these businesses grow and create jobs," said Gigi Godwin, President & CEO of the Chamber. "During this legislative session, the Chamber looked to partner with legislators to proactively strengthen our State's economy."

During a session in which there is ongoing uncertainty and concern, the Chamber was able to work with Legislators to take steps to make Maryland's economy thrive. According to the US Small Business Administration, 97% of Maryland employers are small businesses. These bills will give Maryland's small businesses a competitive edge in pursuing government contracts. Many of Montgomery County's Small Businesses are government contractors.

HB456/SB549: Small Business Reserve Program - Definition of a Small Business - Revision expanded the definition of a Small Business for the Maryland Small Business Reserve Program. Currently, the State does not meet its 10% goal of procuring with small businesses. The narrow definition hurt the quality and quantity of contracts available to small businesses and this change helps fix this problem. This effort was a bi-partisan effort that secured unanimous votes in committee and on the Senate floor.

"I am proud to have worked with the Montgomery County Chamber on a bill to help our State's Small Businesses, who are disproportionally impacted by our ongoing recovery. This change will help the State's Small Business Reserve Program accomplish its goals." said Delegate Reznik (D-39).

"SB549 is good public policy and I am proud to have sponsored it. This new policy will help our small businesses grow and that will lead to new job creation." said Senator Karen Montgomery (D-15).

SB296: Income Tax Credit - Security Clearances - Employer Costs would give a tax credit for administrative costs relating to security clearances and for maintaining a Sensitive Compartmented Information Facility (SCIF). There is $2 million allocated to this new program for e next several years. The Chamber believes that this unique credit will help the government contracting community and serve as an incentive for job location to Maryland.

"I believe that funding this tax credit creates an incentive for companies to bring their jobs to Maryland. In today's economy especially, I believe this incentive will pay dividends to Maryland's taxpayers. I appreciate the work and diligence of the Chamber advocating for this legislation. They played a critical role on this bill." said Senator Roger Manno (D-19)

"We applaud our representatives in Annapolis in their efforts to grow our economy. We thank them for their service and partnership." said Godwin.

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