HEARING ALERT: More Jobs for Marylanders Act of 2017

Important Legislation Ensures A Continued Strong, Thriving Workforce, Without Leaving Any Jurisdiction Behind
Note: Senate Budget And Taxation Committee to Hold Hearing on SB 317 on February 22, 2017, 1:00 PM

“We still have Marylanders who are struggling in parts of our state like Baltimore City, Western Maryland, and the Lower Eastern Shore, where, unfortunately, unemployment is still higher than it is in the rest of the state. Which is why we must come together to enact the Maryland Jobs Initiative, an innovative, bipartisan proposal, which will provide incentives for the creation of thousands of jobs in the places that need them the most.” - Governor Larry Hogan, February 2, 2017

Economic Development And Job Creation Are A Primary Focus Of The Hogan Administration

Governor Hogan: “Creating jobs and growing Maryland’s economy is a top priority of our administration.” (Press Release, “Amazon Plans Fulfillment Center In Cecil County, 700 New Jobs,” Office Of The Governor, 1/18/17)
Since Governor Hogan Has Taken Office, Maryland Has Moved Into The Top 10 States In The Nation For Overall Economic Performance. (Louis Jacobson, “The Best Of Times, The Worst Of Times: A Ranking Of State Economies,” Governing, 8/22/16)
73,000 Jobs Have Been Created Since Governor Hogan Took Office. (“Maryland: Total Nonfarm Employment,”Bureau Of Labor Statistics, Accessed: 2/21/17)
Maryland’s Unemployment Rate Has Dropped To 4.2%, A Decrease Of 0.6% Since Governor Hogan Took Office. (“Maryland: Local Area Unemployment Statistics,” Bureau Of Labor Statistics, 2/21/17)

The Hogan Administration Has Been Successful In Retaining And Attracting New Businesses
Kept McCormick & Co. In Maryland (Press Release, “McCormick Selects Hunt Valley Site As Preferred Location For New Headquarters,” McCormick Corporation, 4/28/15)
Announced 30-Year Port Of Baltimore Contract With Wallenius Wilhelmsen Logistics, Supports 2,500 Jobs(Press Release, “Governor Larry Hogan Announces New 30-Year Contract For Port Of Baltimore,” Office Of The Governor, 12/3/15)
Announced Plans For Under Armour To Open E-Commerce Distribution House, To Create 1,000 Jobs. (Press Release, “Under Armour Announces Plan To Open E-Commerce Distribution House In Maryland,” Office Of The Governor, 8/30/16)
Announced Plans For Amazon Fulfillment Center, To Create 700 Jobs.(Press Release, “Amazon Plans Fulfillment Center In Cecil County, 700 New Jobs,” Office Of The Governor, 1/18/17)

Maryland Has Experienced A Manufacturing Resurgence Since Governor Hogan Took Office

Maryland Has Added 4,300 Manufacturing Jobs Since Governor Hogan Took Office. (“Maryland: Manufacturing,”Bureau Of Labor Statistics, Accessed: 2/21/17)
Since Governor Hogan Took Office, Maryland Has Added More Manufacturing Jobs That The Rest Of The Mid-Atlantic Region Combined. (“Maryland: Manufacturing,” Bureau Of Labor Statistics, Accessed: 2/21/17; “Virginia: Manufacturing,” Bureau Of Labor Statistics, 2/21/17; “Pennsylvania: Manufacturing,” Bureau Of Labor Statistics, Accessed: 2/21/17; “West Virginia: Manufacturing,” Bureau Of Labor Statistics, Accessed: 2/21/17; “Delaware: Manufacturing,” Bureau Of Labor Statistics, Accessed: 2/21/17; “District Of Columbia: Manufacturing,”Bureau Of Labor Statistics, 2/21/17)
Since Governor Hogan Took Office, Maryland Is Ranked 8th In The Nation In The Rate Of Manufacturing Job Growth. (“Maryland: Manufacturing,” Bureau Of Labor Statistics, Accessed: 2/21/17)

Governor Hogan Is Committed To Putting Marylanders Back To Work And Spurring Economic Growth Across The State

Governor Hogan’s More Jobs For Marylanders Act Of 2017 Will Provide Increased Employment Opportunities To Areas Of The State That Need It Most. “Gov. Larry Hogan unveiled a package of proposals Thursday afternoon to boost manufacturing jobs and expand workforce training programs. Hogan said his proposals will help increase opportunities for workers as well as employers, especially in high-unemployment areas such as Baltimore, where he made the announcement. ‘Even though Maryland has been experiencing tremendous job growth and business growth and economic progress, not all Marylanders and not every jurisdiction in the state is seeing the same level of economic improvement and success,’ Hogan said during an announcement at the POWER House Community Center in the Perkins Homes public housing community in East Baltimore.” (Pamela Wood, “Hogan Announces Plan For Manufacturing Incentives, Job Training,” The Baltimore Sun, 1/5/17)

The More Jobs For Marylanders Act Of 2017 Will Help Bring Jobs To Areas Of Higher Unemployment In Maryland
Allegany County Unemployment Rate: 5.6% (“Local Area Unemployment Statistics (LAUS) - Workforce Information & Performance,” Maryland Department Of Labor, Licensing & Regulation, Accessed: 2/21/17)
Baltimore City Unemployment Rate: 5.7% (“Local Area Unemployment Statistics (LAUS) - Workforce Information & Performance,” Maryland Department Of Labor, Licensing & Regulation, Accessed: 2/21/17)
Dorchester County Unemployment Rate: 6.1% (“Local Area Unemployment Statistics (LAUS) - Workforce Information & Performance,” Maryland Department Of Labor, Licensing & Regulation, Accessed: 2/21/17)
Somerset County Unemployment Rate: 6.9% (“Local Area Unemployment Statistics (LAUS) - Workforce Information & Performance,” Maryland Department Of Labor, Licensing & Regulation, Accessed: 2/21/17)
Wicomico County Unemployment Rate: 6.2% (“Local Area Unemployment Statistics (LAUS) - Workforce Information & Performance,” Maryland Department Of Labor, Licensing & Regulation, Accessed: 2/21/17)

Maryland’s Leading Business Advocates Have Voiced Strong Support For Governor Hogan’s Proposal; Have Stated That The Proposal Would Put Marylanders Back To Work

Christine Ross, CEO Maryland Chamber Of Commerce: “This is a win-win initiative for Maryland… It’s something everyone can get behind.” (Press Release, “Packed House Cheers Announcement Of Maryland Jobs Initiative,” Maryland Chamber Of Commerce, Accessed: 2/21/17)

Mike O’Halloran, NFIB Maryland State Director: ““The Maryland small business community applauds Gov. Hogan’s focus on creating additional jobs for our state in the areas that need it most. A complete elimination of all state taxes for 10 years for new manufacturing employers, as well as tax incentives for existing businesses will go a long way to assist these blighted areas...” (Press Release, “Hogan’s Jobs Initiative Is Good For Small Biz,” NFIB, 1/17/17)

More Jobs For Marylanders Act Of 2017

Governor Hogan’s Proposal Waives 10 Years Of State Taxes For Specified Business Entities That Their Businesses To Qualified Target Areas Across The State; Eligible, Existing Business Entities In These Target Areas Will Be Able To Receive A Tax Credit For New Jobs They Create. “Subject to subsection (D) of this section, on enrollment in the program, a new business entity is eligible for: a credit against the State property tax, established A credit against the state income tax, established under § 10–741(b) of the tax – general article; a credit against the state property tax, established under § 9–110 of the tax – property article; an exemption from the sales and use tax, established under § 11–233 of the tax – general article; and a waiver of fees charged by the state department of assessments and taxation, established under § 1–203.1 of the corporations and associations article. Subject to subsection (d) of this section, on enrollment in the program, an existing business entity is eligible for a credit against 14 the state income tax, established under § 10–741(c) of the tax – general article.” (“Senate Bill 317,” Maryland General Assembly, 1/20/17)