10 years tax free business initiatives

8/13/2019 10 Years Tax Free Business Initiatives

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Bringing New Wealth to Prince George's County Business Initiatives

http://www.paugustin.com/business

by Pierre Richard Augustin, a candidate for Council of District 6, entitled

"10 Years Tax!ree ones within Prince George's County"

Pierre Richard Augustin, a candidate for Council of District 6 of Prince eorge!s County, is proposing the creationof "#$ %ears &a'()ree *ones within Prince eorge!s County" around the "+niersities/Colleges" and "&ransit(-riented Areas" to attract new businesses to relocate, e'pand and start businesses in Prince eorge!s County.

Pierre Richard Augustin initiaties is calling for "o Payments of aryland state income ta'es for #$ years bycompanies and their employees if the companies create new 0obs in or near Prince eorge!s County+niersities/Colleges, &ransitioned -riented Deelopment 1&-D2 around the metro stations and )ederal3aboratories.

Pierre Richard Augustin beliees that the "#$ %ears &a'()ree *ones within Prince eorge!s County" initiaties wi

help bring "ew 4ealth" in Prince eorge!s County as well as ensure future economic growth and wal5able/lie(wor5(play areas around the transit(oriented areas.

As a small business owner, Pierre Richard Augustin will not only be the oice for businesses of outh 7owie,Capitol 8eights, District 8eights, )orestille, 9ettering, 3argo, itchellille and +pper arlboro, D but forPrince eorge!s County. &he "#$ %ears &a'()ree *ones within Prince eorge!s County" initiaties will helpualify entrepreneurs and business owners start, relocate and grow their businesses here.

Pierre Richard Augustin understands that this countywide initiaties will need the support of the County ;'ecutiCouncil members, the aryland oernor, the aryland 3t. oernor, the aryland enators and Delegates,Prince eorge!s County residents as well as the business community supports for the creation of the "#$ %ears &a'

)ree *ones within Prince eorge!s County".

I# What locations shoul$ %e $esignate$ as "10 Years Tax!ree ones within Prince George's County"&

Pierre Richard Augustin beliees the following areas should be classified as "#$ %ears &a'()ree *ones withinPrince eorge!s County":

#. Around +niersities and Colleges


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County"&

Pierre Richard Augustin has identified three types of business that should ualify for the "#$ %ears &a'()ree *onewithin Prince eorge!s County":

1# *igh +alue Business

Prince eorge!s County should aim to increase the amount of high(alue business serices offered, such asmanagement consulting, that currently hae a stronger presence across the region than in the county. 8igh(aluebusiness serices employment proides higher(s5illed, higher(paying employment opportunities for the residents the county.

,# *ealth Care an$ -i(e .ciences

&he 5ey assets for Prince eorge!s County are the +niersity of aryland College Par5 1+CP2, the +DA7eltsille Agricultural Research Center, the large )DA facility focused on food safety at the +niersity ofaryland>s uare Research Par5 and the +niersity of aryland>s chool of Agriculture.

/# In(oration Counication an$ 2lectronics 3IC24

?C; industries and their associated technologies are critical to the e'tensie presence of federal defense and spacefacilities in the county and across the region. &he ?C; cluster is critical to the following military and spaceprograms such as:@ AA oddard, Army Research 3abs in Adelphi@ oint 7ase Andrews@ ational -ceanic and Atmospheric Administration 1-AA2 with facilities in uitland and at the +niersity ofaryland uare Research Par5@ &he ational ecurity Agency at the +niersity of aryland uare Research Par5, )ort eade, and theAberdeen Proing round

5# !e$eral Governent

Prince eorge>s County, li5e other counties in the region, en0oys a high leel of specialiBation in )ederaloernment actiities and a growing 0obs base in the county, with federal employment in the county standing atoer


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ma5ing this an area of strength. Prince eorge>s County has a siBable commercial real estate mar5et withappro'imately H.G million suare feet of Class A office space, G


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/# Prince George's County Talent Pool

&he talent pool of well(educated and e'perienced wor5ers is found among the 6# percent of employed countyresidents who commute for 0obs outside of the county. &hese out(commuters are more highly educated thanresidents wor5ing in the county, with percent of out(of(state commuters 1primarily to 4ashington, D.C. andEirginia2 and =< percent of commuters to other aryland 0urisdictions haing attained a bachelor>s degree oraboe, compared to sCounty residents. )rom s County is still losing more 0obs to business establishments moing out of the county than moingin. )or eery one 0ob gained from business establishments in base industries moing into the county, Prince

eorge>s County lost #.# 0obs from e'isting business establishments moing out of the county from # Case .tu$ies

-ther states and regions are doing 0ust that. &he -hio &hird )rontier operates an internship program for students ihigh(tech degree programs, which reimburses up to G$ percent of the intern>s wages, or no more than L=,$$$, for a#


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itchell 8orowitB, Eice President and anaging Director together with the acob )rance ?nstitute at the +niersiof 7altimore, Richard Clinch, Ph.D., Director of ;conomic Research and reen Door Adisors, arisa aither)lowers, Principal

3earn more at http://www.paugustin.com/business

"Mr. Augustin... Your actions are that of a truly great American who still believes there is justice. My older son

was a lifetime law enforcement officer and in the military. My younger son was a firefighter/paramedic his entire

career. They both fervently believed in standing up for those who cannot defend or protect themselves. Were they

here they would be honored to !now you. #incerely $arbara%

+ote Pierre :ichar$ 78G8.TIN (or Council in

10 years tax free business initiatives

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