UPDATE | Cordray announces small biz plan in Youngstown


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Democratic gubernatorial candidate Richard Cordray talked to The Vindicator about his campaign, saying he isn't looking for the state party to endorse his race. Photo by Robert K. Yosay - The Vindicator.

YOUNGSTOWN

Richard Cordray, a Democratic candidate for governor, today announced at the Youngstown Business Incubator his plan to support and grow small businesses.

“The trickle down economic agenda we’ve seen from Columbus over the last seven years has failed, and has left far too many of our communities and our people behind,” he said. “Instead of cutting taxes for the wealthy and pitting communities against each other in a race to the bottom on tax incentives for big corporations, we need to focus on supporting homegrown businesses and creating good paying jobs in every corner of Ohio.”

Key parts of Cordray’s plan include:

Creating a small business chief in state government to consolidate efforts to support small businesses, promote community development, and ensure equity for minority/women-owned businesses.

Providing better tax incentives, grants, and small business loans. He said he’d streamline regulations to allow new businesses to “start-up in a day” and aid them as they grow with tax incentives, grants, low-interest loans, as well as support like better job training and improved infrastructure.

Promoting transparency in economic development. The state should conduct full audits of development programs that provide public funds. The state should make sure tax dollars and incentives are effectively used to create economic opportunity for all Ohioans, Cordray said.

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