Vision 2030: MCCC 2011 Legislative Agenda

2011 Maryland Legislative Agenda

Vision 2030

The Montgomery County Chamber of Commerce supports policies that will ensure our community’s global economic competitiveness into the future.  MCCC believes that there are fundamental elements essential for maintaining a vibrant community and fostering healthy growth of knowledge economy industries

Those elements are reflected in our 2011 Business Agenda and include: Investment in infrastructure, a commitment to an educated workforce, aggressive economic development and a predictable and consistent business climate.

In this economic climate, we urge the State to put additional emphasis on economic development and job creation, attraction, and retention.  Maryland should aggressively target employers, both public and private sector, for location in Maryland.

Prudent Fiscal Management

  • Restrain new spending initiatives in order to protect Maryland’s future financial stability.
  • Advocate for redistribution of State revenues to Montgomery County so that more tax dollars paid by our businesses and residents return to the County.

INFRASTRUCTURE SOLUTIONS

  • Invest in Transportation - Invest in a balanced transportation system in order to enhance Maryland's competitiveness, promote economic growth and maintain homeland security.
  • WSSC - Support WSSC in addressing critical capital needs that impact the quality of life for all Montgomery County residents.
  • Broadband - Invest in initiatives aimed at significantly accelerating adoption of broadband by consumers, businesses and government enterprises and which encourages additional private sector investment.

Competitive Business Climate

  • Avoid further tax increases – Avoid further tax increases or structural changes, such as combined reporting, or the expansion of the sales tax, that would further harm Maryland’s competitiveness in an already depressed economic environment.
  • Avoid a restrictive regulatory environment –Take a comprehensive and thorough review of the current regulatory structure and avoid imposing additional regulatory measures which could stifle innovation and chill investment, especially as it relates to our multi-faceted technology based industries.

ECONOMIC DEVELOPMENTEconomic Development efforts should support the growth of knowledge economy jobs, include investment in infrastructure, and enhance the overall business climate in Maryland.

  • Aggressively pursue new public and private sector employers to locate jobs in Maryland. 
  • Small and Entrepreneurial Business Development - Support initiatives, including those related to the procurement process, that incentivize and create a climate that is supportive to the growth of small and entrepreneurial oriented businesses.
  • Grow technology sectors to stay economically competitive
    • Increase incentives for technology formation including both the R&D Tax Credit and the Biotech Tax Credit.
    • Support InvestMaryland which would secure approximately $100 million in venture capital for growing technology companies.
    • Support additional legislation fostering the growth of energy technology, green technology and information technology.
  • Energy
    • Ensure access to affordable, clean, renewable sources of energy through the expanded use of current technologies and the development of new technologies.
    • Allow for companies to continue to competitively purchase energy in order to achieve cost savings and reinvest those dollars into their companies.
    • Support investments in utility infrastructure in order to ensure safe and reliable transmission and distribution of electric power and natural gas for businesses and residents.

EDUCATION AND WORKFORCE PREPARATION

  • K-12 Education. We must continue to invest in capital infrastructure for our public schools in order to continue to have a world class system.  School construction must be a capital priority in order to maintain the vibrancy of the system we have today.
  • Access to higher education is critical to ensuring Montgomery County has the highly educated well trained workforce it needs to be competitive in today's global economy.  The legislature should continue efforts to keep costs affordable in order to expand access at our Montgomery College and the Universities at Shady Grove.
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