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The Common Sense Policy Roundtable is
             a non-partisan informational resource for
               public policy makers and future leaders.
           CSPR researches and promotes common sense
              solutions for economic issues in Colorado.




                         COMMON
                         SENSE
                         Policy Roundtable




1. N. Mullis, “Focus Colorado:          4. A. Svaldi, “Hard times getting
   Economic and Revenue Forecast,”         harder for Coloradans,” The
   Colorado Legislative Council, Jun.      Denver Post, Jul. 19, 2009
   21, 2010
                                        5. Ibid
2. A. Svaldi, “Colorado job losses
                                        6. N. Mullis, “Focus Colorado:
   worst in 65 years,” The Denver
                                           Economic and Revenue Forecast,”
   Post, Jul. 24, 2009
                                           Colorado Legislative Council, Jun.
3. Bureau of Labor Statistics:             21, 2010
   http://data.bls.gov/PDQ/servlet/
                                        7. Colorado Economic Development
   SurveyOutputServlet?data_
                                           Databook, 2010-2011
   tool=latest_numbers&series_
   id=LASST08000003 – as of August      8. Colorado Economic Development
   2010.                                   Databook, 2010-2011
COMMON
          SENSE
          Policy Roundtable

     Colorado Jobs Today
                Economic Truths
h Free enterprise growth creates more jobs.
h More jobs create more salaries.
h More salaries create more tax revenues.
h More tax revenues mean more government revenues.

This “multiplier effect” of the growth in
free enterprise is even more dynamic. With
job growth comes:
   h Demand for homes.
   h Demand for more office space.

Eventually, property values increase, which
creates more property taxation to support
municipal and state revenues.

                 By the Numbers
h Colorado’s unemployment rate rose from below 4 percent in
  May 2007, to 8 percent in May 2010.1

h Colorado’s economy shed a record number of jobs in
  2009 — the highest number on a percentage basis than at
  any time since 1944.2

h 85,000 fewer Coloradans have jobs since passage of the
  federal “stimulus” bill.3

h Over the last two years, we saw personal incomes in
  Colorado decline more sharply than at any time since 1958.4

h Colorado went from being the 10th best state for personal
  income growth in 2008 to an abysmal 35th in 2009.5 The
  decline was the first in Colorado since 2002.6

h In 2009 alone, 106,000 Coloradans lost their jobs.7
“A simple fact: Higher
  COMMON              taxes take capital away
 SENSE
 Policy Roundtable
                      from growing business
                      and prevent job creation.”




# Incentivize large-scale business investment in
  manufacturing, aerospace and other high-wage
  sectors by revisiting the Business Personal
  Property Tax.

# Ensure a world-class workforce by prioritizing
  investment in our higher education system with
  an emphasis on research and trades programs.

# Constructing and maintaining a cutting edge
  multi-modal transportation system is essential
  to a thriving economy. Policymakers must create
  an infrastructure strategy for the state, seeking
  lower cost solutions and opportunities for
  public-private partnerships.

# Improve the state commitment to biotechnology
  and biosciences by building on a 2008 package
  that provided some $26 million assistance for
  Colorado start-up companies8 and research
  institutions seeking to commercialize new
  technology.

# Work with Colorado’s universities in technology
  transfer opportunities, to create new Colorado
  jobs and companies. Identify reasonable
  solutions to obstacles which stop cooperation
  between academic research institutions and free
  enterprise.

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House Republicans on Jobs

  • 1. The Common Sense Policy Roundtable is a non-partisan informational resource for public policy makers and future leaders. CSPR researches and promotes common sense solutions for economic issues in Colorado. COMMON SENSE Policy Roundtable 1. N. Mullis, “Focus Colorado: 4. A. Svaldi, “Hard times getting Economic and Revenue Forecast,” harder for Coloradans,” The Colorado Legislative Council, Jun. Denver Post, Jul. 19, 2009 21, 2010 5. Ibid 2. A. Svaldi, “Colorado job losses 6. N. Mullis, “Focus Colorado: worst in 65 years,” The Denver Economic and Revenue Forecast,” Post, Jul. 24, 2009 Colorado Legislative Council, Jun. 3. Bureau of Labor Statistics: 21, 2010 http://data.bls.gov/PDQ/servlet/ 7. Colorado Economic Development SurveyOutputServlet?data_ Databook, 2010-2011 tool=latest_numbers&series_ id=LASST08000003 – as of August 8. Colorado Economic Development 2010. Databook, 2010-2011
  • 2. COMMON SENSE Policy Roundtable Colorado Jobs Today Economic Truths h Free enterprise growth creates more jobs. h More jobs create more salaries. h More salaries create more tax revenues. h More tax revenues mean more government revenues. This “multiplier effect” of the growth in free enterprise is even more dynamic. With job growth comes: h Demand for homes. h Demand for more office space. Eventually, property values increase, which creates more property taxation to support municipal and state revenues. By the Numbers h Colorado’s unemployment rate rose from below 4 percent in May 2007, to 8 percent in May 2010.1 h Colorado’s economy shed a record number of jobs in 2009 — the highest number on a percentage basis than at any time since 1944.2 h 85,000 fewer Coloradans have jobs since passage of the federal “stimulus” bill.3 h Over the last two years, we saw personal incomes in Colorado decline more sharply than at any time since 1958.4 h Colorado went from being the 10th best state for personal income growth in 2008 to an abysmal 35th in 2009.5 The decline was the first in Colorado since 2002.6 h In 2009 alone, 106,000 Coloradans lost their jobs.7
  • 3.
  • 4. “A simple fact: Higher COMMON taxes take capital away SENSE Policy Roundtable from growing business and prevent job creation.” # Incentivize large-scale business investment in manufacturing, aerospace and other high-wage sectors by revisiting the Business Personal Property Tax. # Ensure a world-class workforce by prioritizing investment in our higher education system with an emphasis on research and trades programs. # Constructing and maintaining a cutting edge multi-modal transportation system is essential to a thriving economy. Policymakers must create an infrastructure strategy for the state, seeking lower cost solutions and opportunities for public-private partnerships. # Improve the state commitment to biotechnology and biosciences by building on a 2008 package that provided some $26 million assistance for Colorado start-up companies8 and research institutions seeking to commercialize new technology. # Work with Colorado’s universities in technology transfer opportunities, to create new Colorado jobs and companies. Identify reasonable solutions to obstacles which stop cooperation between academic research institutions and free enterprise.