Dayton and DFL leaders unveil jobs plan
With less than two weeks until the start of the legislative session, Gov. Mark Dayton and DFL legislative leaders on Wednesday unveiled their planl for creating jobs. The proposal calls for a $3,000 hiring tax credit for businesses, spending on construction projects and expanding the internet sales tax.
"Our jobs plan will help businesses create good jobs for thousands of Minnesotans who are looking for work. We need to focus on what we know will work: investing in infrastructure, providing incentives to private sector business to create more jobs, and training workers for high-demand careers," Dayton said in a released statement.
Below is a breakdown of the proposals included in the jobs plan.
— A $3,000 tax credit for businesses for each unemployed Minnesotan, veteran or recent graduate hired in 2012 and a $1,500 credit for each new hire through June 2013. It would cost $35 million and the governor's office says it would create 10,000 new jobs.
— A $775 million bonding bill that would invest in infrastructure and create additional jobs.
— $10 million in additional funding for the Minnesota Investment Fund, which works to encourage businesses to locate and expand in Minnesota.
— Expanding the sales tax so it applies to out-of-state, online retailers. That would generate an estimated $3.5 million in its first year.
— Spend $4.5 million to expand the FastTRAC program, which helps train adults for specific careers.
— The Minnesota Opportunity Grants Pilot program, which would provide grants for adults to pursue and complete short-term education training at Minnesota State Colleges and Universities. The program would offer a $2,000 grant for 2,000 Minnesotans for up to two semesters of training for jobs that pay more than 175 percent of the poverty level.
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