At a press conference outside his office in the State Tower building on Thursday Sept. 3 Alfonso Davis said he wants a new type of tax break for small businesses to help grow jobs. Alfonso Davis is one of the four candidates for the democratic nomination for mayor of the city of Syracuse. He said growing small business is a key to revitalizing the city and it is an insurance policy against closings and departures of larger companies and employers.
"When those big businesses leave, it devastates a community. In my opinion, and in every economist's opinion, when you support small businesses, that's the true driving factor of any economy," Davis said.
Among Davis' proposals is a tax break, based on a company's profit and loss statement, that would give those smaller firms time to stabilize and grow. With more business and jobs, he said, the city's budget outlook would also be brighter.
"My comprehensive economic plan for true change in Syracuse includes systemic support for small businesses from start to success; revitalization for existing industry; and an aggressive marketing strategy to secure new business and encourage existing companies to expand in our area. Small business is the engine that made America the great country that is, and helped establish Syracuse as a thriving economic area many decades ago.
"Once again, we must encourage the entrepreneurial spirit. We must insure that those who would create small business have the tools they need to be successful.
"As Mayor, I would institute a new agenda for our community development office. There will be economic development specialists who walk new entrepreneurs through the steps to get their ideas off the ground and remain available for consultation through stability.
"For example, we can offer tax incentives that allow new businesses to get off the ground and be taxed on a graduated scale for a short term. This creates a win-win situation such that the city gains a new business that will be able to hire locally, while increasing our tax base.