(805) 965-6073
DonateMeet Our Clients
Facebook
LinkedIn
YouTube
Instagram
  • Events
    • Upcoming Events
    • Past Events
  • Programs
    • Business Training
    • Consulting
    • Loans
    • WEV LinkedIn Learning
    • QuickBooks & Financial Empowerment
    • FAQs
  • COVID-19
    • Resources & Information
    • ReStart Loans
    • Donate
  • Español
    • Quién es WEV?
    • Capacitación Empresarial
    • Préstamos Para Negocios
    • Programa LinkedIn Learning de WEV
    • QuickBooks y Empoderamiento Financiero
    • Clientes
    • Instructores
    • Comunícate
    • COVID-19
    • Préstamos de COVID-19 Reapertura
    • Recursos
  • Support WEV
    • Donate
    • Empowerment is Priceless
    • Join The League
      • Join Today
      • Spotlights
    • Sponsor
    • Volunteer
  • Clients
    • Million Dollar Club
    • Client Business Directory
    • Santa Barbara County Clients
    • Ventura County Clients
  • About
    • History
    • Board of Directors
    • Our Staff
    • Instructors
    • Advisors
    • Impact
    • Careers
    • COVID-19
  • Newsroom
  • Videos

Job creation and small business: WEV’s Marsha Bailey helps us sort through it all

Home Press Coverage Print Job creation and small business: WEV’s Marsha Bailey helps us sort through it all

SANTA BARBARA – Friday President Obama will release details on one of his new job creation programs.  SEE the release that follows. We asked Marsha Bailey, one of the most knowledgeable people we know, about the plan, how it will help small businesses and individuals.

 

Bailey, Founder & C.E.O. of Women’s Economic Ventures in Santa Barbara.  Her take follows the press released from the White House.

WASHINGTON, D.C. -President Obama will announce details of the Small Business Jobs and Wages Tax Cut, one of his new proposals to create good jobs in America.
In Wednesday night’s State of the Union Address, President Obama outlined a series of ways he will fight to create good paying jobs and continue our economic recovery.
One of these proposals, the Small Business Jobs and Wages Tax Cut, will put more Americans back to work by giving businesses – particularly small business – a tax cut for new hiring.  The new proposal will also provide tax incentives for businesses to expand wages for their employees.
Through the Small Business Jobs and Wages Tax Cut:
•    Businesses will receive a $5,000 tax credit for every net new employee that they employ in 2010. The total amount of the credit for any one firm will be capped at $500,000, to ensure that the majority of the benefit is targeted at small businesses.  Start –ups will be eligible for half of the tax credit.
•    Small businesses that increase wages or hours for their existing employees will be reimbursed for the Social Security payroll taxes they pay on real increases in their payrolls. This bonus would be based on Social Security payrolls, so it would not apply to wage increases above the current taxable maximum of $106,800.
•    Firms will be able to claim the credit on a quarterly basis, which gets money out to businesses quickly and provides and early incentive to hire and increase payrolls.

Get Updates from WEV

Santa Barbara County Office

Monday-Friday: 9am-5pm

333 S. Salinas Street
Santa Barbara, CA 93103
Tel: (805) 965-6073
Fax: (805) 962-9622

Parking is available on the street or in the parking lot off Lou Dillon Drive. WEV only has one space available in the front lot.

Ventura County Office

Monday-Friday: 9am-5pm
*Appointments are preferred; please call ahead before stopping by, as our Ventura staff members frequently work in other locations.

290 Maple Court, Suite 268
Ventura, CA 93003
Tel: (805) 667-8004
Fax: (805) 962-9622

WEV's office is located in the back of the 'Financial' building if facing the building from Maple Court.

  • About Us
  • Client Resources
  • Client Business Directory
  • News
  • Women’s Business Center (WBC)
  • Accessibility Statement

Privacy Policy Terms of Use Copyright © 2021 Women’s Economic Ventures. All rights reserved. Created by NDIC