Supporting Small Businesses - Shapiro For Governor
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Support Josh Shapiro for Governor

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Supporting Small Businesses

Josh understands that small businesses are the foundation of our economy — and we must give small businesses the tools they need to thrive in Pennsylvania. Josh’s plan includes attracting new businesses to the Commonwealth, supporting mom-and-pop shops to grow their profits and customer base, and investing in entrepreneurship to spur growth and innovation. 

Josh knows how important it is to support Pennsylvania small businesses and his record backs up his future plans. As State Representative and Montgomery County Commissioner, Shapiro brought jobs to the region. For example, he brought millions to develop a portion of Jenkintown and streamlined the county’s economic development program to attract and retain local business.

As Governor, Josh will implement a growth strategy to support and invest in small businesses. First, Josh will establish a 25-50 program to help small businesses grow and scale from 25 employees to 50, and beyond. The program will provide specific resources for small businesses to open new locations, buy updated equipment, launch new products for online sales, and expand their customer base. 

Second, Josh will make available loan guarantees for capital investment, real estate acquisition or renovation, and working capital for small businesses. Third, Josh will revitalize local commercial corridors and invest in main streets so that more mom-and-pop shops can grow and sustain themselves. Lastly, Josh will support small family farms and nature based businesses by investing in rural infrastructure, growing Pennsylvania’s tourism industry, and ensuring farmers have the necessary capital to update farm equipment and keep up with latest technology.

Josh will also attract new businesses to Pennsylvania by lowering the corporate net income tax and closing tax loopholes, increasing the net operating loss deduction, eliminating regulatory burdens for businesses, and investing in research and development credits to spur innovation and growth.