Landes: I will fight for small business
Del. Steve Landes unveiled legislation on Monday that would provide state grants to Virginia small businesses who add at least 10 fulltime employees and keep them for a two-year period.
The jobs also must pay the prevailing annual wage in the locality.
Landes said the legislation would be introduced in January in the General Assembly if he is elected to another term.
Landes, R-Weyers Cave, is seeking his eighth term in office in November against Democrat Greg Marrow.
He said the small business job grant program would go to those employers adding between 10 and 50 employees and keeping them for 24 months.
To receive the grant, the employer must substantially retain its fulltime positions in its base year as well as the new positions for which the grants are to be paid.
The grants, to be administered by Virginia’s Small Business Financing Authority, would pay $500 per each new position, and priority would be given to small businesses in areas with an unemployment rate 125 percent of Virginia’s statewide average.
Landes said the funds could be used to help small businesses pay benefits to the new employees or provide additional training.
The delegate said a small business is independently owned and has 250 or fewer employees in its base year.
“The small business people I talk to are really hit hard,’’ said Landes, who said Virginia already has programs in place to assist large companies locating in the commonwealth.
Funding for the $2 million-a-year program could come directly from the Governor’s Opportunity Fund.
“We would be utilizing existing funds to assist small businesses,’’ Landes said.
Landes anticipates the bill could receive bipartisan legislative support, and said those communities benefiting the most from it would be the hardest hit ones such as those in Southside Virginia.
But the delegate also pointed to Waynesboro, which had an 8.5 percent unemployment rate in August.
Landes represents the city of Waynesboro as well as parts of Augusta, Albemarle and Rockingham counties.
Marrow, Landes’ opponent in next month’s election, said he thinks the money could be used more to help companies start up, not add employees.
“It is almost like too little too late,’’ Marrow said.
He said while he is glad Landes wants to help small business, he thinks most small businesses will likely not add 10 new employees for many years.
Marrow said it is more likely Landes’ legislation would aid a medium-sized employer such as McDonald’s than a small entrepreneur.
He defines small entrepreneurs as those taking risks such as a mom and pop antique store or bookstore and professionals needing startup funds such as CPAs, dentists and doctors.
“We need to address small businesses, but they need the break up front,’’ said Marrow.
The Democrat wonders if the Governor’s Opportunity Fund can sustain the grant program.
He said the Governor’s Opportunity Fund is going to be stretched because of the current economic crisis.
Looking at American business history, Marrow said the small entrepreneur has been the backbone of job creation and innovation in this country.
“We wouldn’t have a Microsoft, an Outback Restaurant without an entrepreneur,’’ he said. ”We need to support the entrepreneurial spirit.’’
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Whenever the other does not wan to respond to logic given in summay, the other blogger always says “rant,“ or “trolling”—verbs and not even nouns to describe their own logic—fragments!
Let’s go deeper:
Depends on what you mean by “startup,“ for anyone can create a common law partnership unformally, and call it a bussiness—prima facie, doesn’t have to be announced, it can be like an agent, where conduct raises de jure from de facto.
Formal registration is requierd much like the corporation to the secretary of state—used to be authorization had to be given (but for corp ipo), as long as one files, the process is complete. SEC will not verify if a new corp, is legit or not—just formmality that it gets filed to the SEC.
Limited partnerships have a general parnter who assume all personal liability uner ULPA and RULPA. Investors or limited partners assume no liablity beyond what is invested, but if they stick their nose in daily affairs, that control will give the courts rights to raise that limited partner to a genneral partner and full liable is possible.
Limited patnerships may change to an LLC, which is more secure, by filing “articles of org.“ to the sec. of state. All partnerships should have an agreement especially for services to be paid upon dissoluton since common law does not see services as justification by a partner for compensation.
To get money, a corp. may sell bonds (like the gov’t) and also shares of stocks usually given with a certification; however, a person’s name on the corp’s books is pirmi facie to be a shareholder and not needing a certificate. Bonds and shares are considered personal property and may fall under common law for litigation purposes, but also are found under Article 8 of the UCC.
What kind of stock do you have? Preferred stock can get dividends even with the board of directors do not declare them for the general stock holders.
Furthermore, a corp or LLC is not bound just by stocks and bonds: any instrument can be issued as securities for investment, an investory may use an investment conract as a security. For example, a service contract can be used as a financial security. Call it a note and the 1934 Act is on your side! ![]()
How does one become a firm? Within a state, anyone can just by fillilng if they were an LLC, anything below does not need formal registration. Anything that is interstate needs to be filed to the SEC. There are exemptions of this in SEC Regulation D.
Offering securities to only local residents is prima facie of exemption.—check your state laws.
For bigger firms, a registration statement containing a compendium, a prospectus, is the require of full disclosure that an investor must see before “buying” anything (also known as the waiting period). To be simple, this compendium is a short story with some backstory to tell the investor about your business—who you are, what you are doing, and who the underwriter is.
This statement is sent to all purchasers, which is legal, but no sales are allowed until the SEC qualifies the “the offering,“ and the seller of stocks and bonds had issued a final-offering with a price, to the investor.
The SEC has Rules 506, 505, and 504, which loosend restrictions and may have been de facto issues of our investors nightmare that happend with our ecnomic recession.
Once up and running, the firm will continually file 10-Q and 10-K reports.
—and you better hope those reports reconcile with GAAP, general accepted accounting principles.
I hope this broadens the specturm a bit and may help those who want to start a business, how to. Unless you have limited partners or a limited laibiltiy firm, no filing is required, but full liability is guaranteed!
If you would like more info, research ULPA and RULPA.—and dealing with goods, its good to know UCC Article 2.
If you want to know about securities, then research Aritcle 8, of the UCC.
Stevenlconner,
Were you drunk when you posted? That was one of the dumbest things that I’ve ever read. You don’t know what a “start up” is? Nor why they need the money up front? Obviously (like Landes) you’re not a businessman. Dude, you need to put down the crack pipe, your rant was freaky.
Regarding the blog, in order to understand a graph without a cite of statistics, we need the following, the number of people in both towns, the actual work force of both towns—and the reason why those companies closed: In addition, of that work force, we would need to know of those that commute to Charlottesville—and if they lost their job, but since Charlottesville is not the towns listed then those people who commute to Charlottesville cannot be documented within the graph. For example, I lived in Waynesboro during those times and twice my employers closed—but they were in Charlottesville—and neither was a manufacturing employer but a high-tech employer—is that Steve Lande’s fault as well?
We will find that the same scenario happened throughout the Valley and throughout America.
In fact, I see fallacy in the graph: A title names the years, but the years are not listed sequentially on the X axis, but the Y axis is labeled: typically on bar graphs: M=zero because all the bars start at 0, but since this graph dips below zero and the years are not listed with ticks on the X axis, then we have no clue on what this graph is trying to tell us. But I can tell you what I see so far: if we connect the lines rather than use the bar graph, then we have a different picture: we will see through the unlabeled years that during Landes term, true, there was a dip of -50% BUT from the dip (which is inherent of all business cycles), the dip rose 65%! –it’s a cycle, so you cannot break the years and distort the truth—form the cycle we see that out of the total of the years, we see gain right before the housing crash—this is why the years are left off the X axis!—because the dips for Landes represent national problems. It gets better!
We have to count the years 1996 and 2008 for the graph that gives up 13 years. The way that the graph is highlighted, it is divided evenly even though the years are odd. Therefore, we must “guess” that the first half is 6.6 years and the second half is 6.5 years. Both of the huge drops in the red, put us at 911 and the second red at the housing crisis. Therefore, it seems that someone is intentionally leaving data out of the graph to make it look as if Steve is failing—in all statically honest, these numbers juxtapose the national business cycles. And we thought Steve was God! Shame on us.
We speculate that the breakdown of communication is with education since NBER.org tells us that “where r is constant and 0 </3p 1; k\ is the amount invested and y’ is the
second-period pretax income. Note that individuals face decreasing returns
but the aggregate technology is linear. One can interpret wt as
agent i’s basic level of skill or human capital, which can be supplemented
through investment. The higher the general level of basic skills
wt, the easier it is to develop or acquire new knowledge. I shall focus for
a while on what happens within a given generation, in which case time
subscripts can be omitted.” http://www.nber.org/chapters/c11027.pdf
Just like Stauntonians, Waynesborians with a college education are only at 20-2%—so maybe that is why the unemployment is rising—the lower level jobs are going to comparative advantage countries while we remain stupid and pretend that the Protestant Work Ethic is alive and well in the U.S. It is not! It is time to be multi-skilled to survive this era: know how to write, know how to do manual things, know how to listen, know how to ask to be taught, and know when to understand that instead of fighting the flow, we must learn to go with it, while at the same time, figure out ways to adjust it to our liking.
If there is any legislature or supporter, who is not embracing minimalism as the new standard then that person is not in touch with the trend of U.S. economics. We cannot have high consumption and go Green as a nation simultaneously—it is materially impossible. The resources are not there for that.
Glad to see Mr. Landes and the entrenched Repub team of delegates, finally giving some deeper thought to biz development in SAW land.sadly, a day late and a dollar short…
Unfortunately, it’s at least 10 years too late and way too petite in scope.
We’ve already been spanked by the smarter and faster states to our south, who aggressively pursued the newest manufacturing plants (high value, high tech content) that were built by the big boys of auto, micro-electronics, pharma and med device. Our home boys just weren’t up to the challenge I guess. So much for the Invisible Hand of Free Market.
For more data on data on this topic… go to
http://blueridgedata.blogspot.com/2009/09/manufacturing-job-loss-steve-landes.html
I think Landes has the right idea because some think that minimalism is the way to go: not to support huge corporations because they will funnel their monies to their other branches outside the U.S.—we feel that the current GDP output is here to stay: twofold, a smaller GDP must be in place to convert resources to Green, the attitudes of the people have struck a blow to the U.S. AD (aggregate demand). Therefore, why should our government fight what the people want!? Give them what the market forces “is saying” through the free market—the legislatures should at least listen to the financial market even if they refuse to listen to the people—because in the end, that market “is the people’s voice as well.“
It is never too late “when the future is ‘now.‘“—this is a presupposition of physics.
In contrast, “Marrow, Landes’ opponent in next month’s election, said ‘he thinks the money could be used more to help companies start up, not add employees.‘“ Start up? What does Marrow mean here, a start up of a corporation, which receives its signature of incorporation from each state’s secretary of state?? That answer seems a bit non-explicate to us—any answer may be placed for its definition. Why are the liberals using typical adjectives and adverbs as nouns? Change? To change “change” from “to change” to “the change” because changing the change is only relative to the change needed. See how that goes? Watch your legislatures and make sure they are using the English Language appropriately and are modifying nouns and not other adjectives or adverbs, which means the comment is looping and therefore in the courts eyes: “would be immaterial evidence.“ For example, Marrow said. “‘It is almost like too little too late.‘’’ Hum?—it, a thing, (reification) (by Marrow) and an ADVERB of TOO modifying two adjectives: little and late. We see a contradiction with the party system here: Obama wants “change,” but Marrow is now telling us that SOME changes are NOT FEASIBLE. We would like to see expert testimony and studies to prove this—or is this another one of Marrow’s self-prejudicial arbitrary statements?—Do we want an agent of our government (if he is elected) to be personify what the law foribids? An agency is guilty of not performing its fiduciary duties when its acts anytime under “arbitrary and capriciousness” reasoning. (Lorilard Tobacco Co. v Roth, 786 NE 2d 7 (CA NY 2003).
Minimalism is the way to go, and some experts believe that this can be found through local business growth, where accountability is raised at the local level—where else can it start or where else “would it start?“
Landes, I would also encourage to add into your bill, incentives for these small businesses to slowly change- over to going Green: we should support or local businesses the trend of what the federal government is expected to enforce for the future. If the people have supported the government, then why cannot the government support the people “to change” “for the change?“
Quid pro quo
I think Marrow said it right, “too little, too late”. I am a small business owner, and I only have 4 employees.
Is this the first time Landes has had a press conference about introducing a bill. Sounds like he really is scared right now. I am glad to see Landes trying to help small businesses but as Marrow said earlier, too little too late.
“Folks, this sounds more like Mr. Landes looking out for his own job, rather than looking out for you. Shame, shame.“
A short commentary on all of our “representatives”. “Looking out” for their own interests and their own interests could be summed up in one word, money! Money, not the welfare of the people, nothing could be farther from the truth.
Wow. What a great idea Steve. But isn’t this idea (and the timing) a little like showing up with a bucket of water after the house has already burned to the ground? The big question voters need to ask is: “Where have you been?“ Isn’t it all just terribly convenient to come up with a not so terribly difficult idea weeks before an election?
Folks, this sounds more like Mr. Landes looking out for his own job, rather than looking out for you. Shame, shame.

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