Hudson - Lt. Gov. Mary Taylor spoke about her plans to help small businesses in Ohio start up and continue growing Oct. 29 at the Lake Forest Country Club.
Taylor first discussed tax cuts that are available to some small businesses. A 50 percent tax cut is available to businesses that are organized as "flow through entities," and a 10 percent tax cut is available to all individuals that pay taxes. Taylor said it's possible for some small businesses to qualify for both.
Her talk mostly focused on her project CSI, or Common Sense Initiative, which she said is designed to help small businesses cut through the red tape that prevents them from functioning efficiently.
CSI is about how to help small businesses be successful, she said, and "sometimes it's by getting out of the way and sometimes it's by being a partner."
Taylor said CSI partners with small businesses by making sure that every rule or regulation that goes through any state agency that affects businesses goes through a process that assesses the impact it has on that business.
"Nothing frustrates me more than to have a simple problem with a simple solution and not get it done," said Taylor.
Taylor said that's why they also created a paperwork reduction initiative, which would require agencies to document every piece of paper and type the information that they request from businesses.
"The goal is to have one place to go through to interact with the state of Ohio, regardless of what agency you're working with," said Taylor.
An example of CSI in effect is in the case of small business owners who overpaid their sales tax by $65,000. They knew they had because they had begun bouncing checks. After contacting the Department of Taxation, they were told they would get their money back within a few months, "but if you're already bouncing checks, you don't have months," said Taylor.
The business owners, after contacting the CSI office, were able to get that time reduced to two weeks.
Taylor attributes the pull CSI has to her standing as Lt. Governor.
"We have a great deal of cooperation from directors," Taylor said. "Call CSI if there is a problem."
Taylor clarified that their help is geared toward business owners who follow the rules and run into trouble while being compliant with regulations.
In addition to these initiatives, Millard said waivers are also necessary to make sure a "small business owner who is just trying to get the work done isn't being hammered for something that isn't intentional on their part."
Taylor is also working in workforce development, and to establish a properly trained workforce "to meet the needs that exist," Taylor said.
She said she works with the recognition that there are people who won't get a four-year degree because of their different skills.
"We want to make sure every Ohioan that works hard has a job opportunity," said Taylor.
Overall, Taylor described her plans for small businesses as a simplification process to combat the bureaucracy which slows business owners down and keeps their businesses from running efficiently.
"Ohio should be a state that people will say is a great place to grow a business," she said.