Economic Advancement for Kentucky

It is time for Kentucky to embrace the factors that create a stronger, more flexible and global workforce. Those factors are education, entrepreneurship, and economic development.

It is our responsibility to desire education, but the governments responsibility to provide it. Not only our schools, but also our colleges should be more job and skill focused. By creating an education system based on creating skilled students to meet those opportunities we will be ahead of the curve, by creating the curves. If the economic data supports an increase in railways in Kentucky, maybe it is time to offer advanced courses in railway engineering, etc. By involving ourselves in removing the curriculum that creates junk degrees and leaves disillusioned college graduates and high school graduates who don't compare with foreign countries we will be preparing ourselves for the future, and for right now.

Entrepreneurship is difficult, but ultimately the number one creator of jobs. Our state already succeeds at having low government barriers to entry for entrepreneurs it was eight dollars to register your business and now I believe it is just sales tax and a 1% tax on profit(although since most profit is made at the margins this is more harmful than helpful). The next barrier is capital. We need to encourage local banks to issue more entrepreneurship loans, backed by collateral or to offer education on entrepreneurship and have the government create banking incentives for the banks that do offer these trainings. By increasing access to capital for Kentuckians we will be encouraging their successes and failures, both of which will teach people more about business and about life in general.

Economic development, this one is huge. How to encourage more businesses to the area, tax breaks, cheap labor, beautiful scenery? I think having devoted staff giving tours, and showing the economic benefits at the same time would be an excellent way to advance business in the state. Also, launching a doing business in Kentucky magazine that could focus on specific trades and industries to be distributed free of charge to other trade magazines as an advertising bundle with their latest issue could be another step. Ultimately, the ideas are out there and it is in the government's best interest to advance industry in the state and to start looking for small international competitors to increase FDI, raise unemployment, and to globalize the Kentucky workforce.

Everyone who has signed this petition agrees, it is time for Kentucky to spread our Commonwealth(our intelligence, hard work, and loyalty) to the rest of the world, and reap the benefits.