Bootstrap Job Development

Bootstrap Job Development

Bootstrap Job Development A collaborative venture of Arthur J. Rich Consulting Services, Inc. and The Research Institute of the South.   Today, the United States has a trade and job deficit.  A large percentage of Gross National Product (GNP) was outsourced; along with the jobs necessary for its production.  We now import our former exports.  New products and services fail to keep pace with job outflow.  Blame can be shared by one and all; it achieves nothing.  There is no such thing as “Job Creation.” To reverse unemployment, we must offer consumers, domestic and foreign, new products, modalities and services.  New and innovative ideas, applied to products or services require workers; thus jobs are the result.  The concepts must come from within the U.S. and manufacture or applications remain here.  By way of greed and complacency, we have “sold the rope with which our economy is now hung.”  Bootstrap Job Development is all encompassing, multi-faceted and – it works. Economic Development has devolved into a catalyst for the transfer of unemployment among states.  We gain 500 jobs; another state locale suffers the loss.  This is not competition, nor does the nation prosper.  It’s a win-lose situation at a time when national will and collaboration must focus on mutual success.  The costs are exorbitant; funds depleted and increased earning per share for “mobile” companies the prime motivator.  Loyal employees become disposable statistics.  This equates to traditional banks immersed in legalized loan-sharking.  Bootstrapping offers involvement from the solo inventor/entrepreneur through the fortune 500, with participation offered domestic and foreign investors as well as employees.  Ownership and management remain here. Our concept will work in Italy, Greece, Spain or any faltering economy.  They can be modified to initiate and expand economies where none exist. As with charity, action must first start at home. So very many potential inventions and innovations are never known.  This is due to a lack of resource awareness, incentive, mentored research and credible support and incubation of concepts.  Creative endeavors have been bypassed in this obsession with employment hijacking.  Just as with opinions, individuals also have ideas for new, improved or innovative approaches in all industries.  Bootstrapping is “activation” of the creative process toward a tangible result.  Imagination is free to all, it’s noncompetitive and the actions are contagious. As of this date we can go in North Carolina’s 100 counties and obtain the concepts for no less than 100 products with a conservative estimate of 2,000 jobs created- from within the counties!  Multiply this by 49 states and you have the basis for jobs and economic improvement.     To paraphrase President Kennedy, “We help others see things that never were- and put them on the open...

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Are you in my district?

Are you in my district?

Are you in Congressional District One? If you are, you’re no doubt aware the First District is the most impoverished of North Carolinas 13 Congressional Districts.  It has been for over a decade.  The basis for this condition, in any district, is Revenue.  Income, personal and commercial, provides disposable cash, the tax base needed for maintenance of health care, education, growth, etc.  The basic source is “JOBS”. No Jobs-No Revenue.  My objective is to see this districts’ job growth reach number 1 in North Carolina.  The way toward this is available now.  The “how to system” has been growing for over 10 years.  It’s Non-partisan or biased.  Just up to you.  Elected or appointed officials responsible for job growth have either ignored this, don’t understand it or too busy running for re-election or election to care.  I do care.  In upcoming weeks and months I hope to enlighten those interested in just how it works.  You are the main component!  We are in this together.  ...

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About Arthur

About Arthur

Arthur Jason Rich BIOGRAPHY   I was born March 20th, 1977 in Sampson County.  My family was involved in agriculture and logging.  Hard work; long hours.  I joined the family workforce at age 5.  I drove the tractor while others harvested tobacco.  Later, I raised cucumbers and other produce in order acquire money for clothes and school supplies.   My father died of a massive heart attack when I was 9 yrs. old.  The “single parent family” became a reality I fully understand.  My mother began work in the textile industry while continuing operation of the family farm and maintaining a positive home environment.   At 14, I obtained a job at the local grocery store in Garland.  It was invaluable toward learning to interact and understand the challenge of dealing with a diverse public.  At the same time, I worked such other jobs available in order to purchase a vehicle and save for college.  Upon graduation from East Bladen High School in 1995, I began the Associate Degree program at Sampson Community College in Clinton.  In 2002, I transferred to East Carolina University to obtain a Bachelor’s in Economics and Accounting.  While acquiring academic credits, I was fortunate to obtain several jobs which gave me a hands-on opportunity to compare theory with practical application to business. Since graduation, I have worked as an accountant and tax specialist with a variety of businesses and CPA firms.  I have become a “workaholic” by necessity and do my best to keep up with the cost of living.  I have come to enjoy the learning experience offered through diversity.  It has been an asset as I focused on research and job development.   Job development, on a personal level, has been the theme throughout my life.  I was first told by my grandfather; “if you don’t have a job make one.”  Today, I apply that concept to both individuals and businesses.  The reward has been to find creativity exist throughout NC and among many of our citizens.  “Job creation,” is wishful thinking. Job development is a reality of new products, services, concepts and innovation through support and assistance to those individuals who present their potentials.  The procedures to expand needed jobs are in place.  The pace of which this approach proceeds is up to each of you.  I commend those in Commerce and economic developers who are alert for potential relocation of “jobs in place co’s” .  However, these prospects are becoming fewer and far between.  On a national level we too often just change the location of unemployment at the greatest cost to all.   North Carolina is our “ship of state”.  Double digit unemployment means the working crew and passengers are...

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Housing Act

Housing Act

“Rich Housing Revitalization Act Proposal 2011-12”   The Housing Stimulant Act is my proposal to stimulate the housing industry and market with tax credits for consumers purchasing new or foreclosed houses.  The Housing Stimulant Act would consist of several incentives for consumers who can afford to purchase a home in the United States.  This Act could stimulate not only the Housing Industry but it would single handedly create thousands of new careers/jobs through the purchase of new or foreclosed homes.   As we all know the Housing Industry is one of the most influential career creators in our economy.  When people are working they can afford to purchase homes and other consumer goods.  This Act would help absorb the excess of homes on the market for foreclosure and newly constructed homes never sold.   It also would create new revenue for banks, local county tax collectors, insurance companies, housing contractors, realtors and local businesses in the areas where the homes were purchased.  The increases in revenue would generate a new tax basis for all the stated careers with the sales of the homes on the market.  The banks would increase their revenues which in turn generates more taxable income by the sales of these homes.  It would create a domino effect all across the business spectrum.   If this Act could be created the related economy would generate enough revenue to pay for itself through its incentives to the consumers and businesses by way of jobs created and income derived thereof.   Proposed HOUSING ACT PLAN:   This proposal is based on our current tax system and regulations.  It would allow the consumer to deduct the down payment on the purchase of a new or foreclosed home in the over abundant housing industry.               See following examples.   Example 1 Exhibit A.   John and Jane Doe purchase a foreclosed home that has been on the market for over 2 years.  The purchase price of the home is $150,000.00 and the bank requires a 15% down payment not including the closing costs involved in the purchase.  The down payment of $22,500.00 is required before the home can be financed.  The remaining balance of $127,500.00 would be financed for 30 years at 5.25%. The taxpayers have an adjusted gross income of $76,300 before standard deduction and exemptions are taken.  Therefore the current mortgage interest deduction would not be substantial enough to take away from there AGI because their standard deduction would be greater. Since the down payment of the purchase would be substantially greater than the standard deduction it would allow the taxpayers to lower their taxable income by an additional estimated $11,800 after...

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