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Bill: (RP Law): (Normal Law): Financial Reform Scheme (Phase: 01) - The Gadal Formula

Details

Submitted by[?]: מפלגה שמרנית 🔯

Status[?]: passed

Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.

Voting deadline: June 4320

Description[?]:

The principle reason in the failure of small businesses and start-up companies in the nation is due to the lack of government assistance in the form of direct funding. Usually, when an individual has an idea and wishes to bring it to a practical sense, a usual limiting factor comes in the form of finances. Some small businesses do not have the financial assets necessary to continue in the market and compete with others who have been placed in "better positions".

1. Access to Capital.
The Startup Stimulus Programme offers three options in which startup companies can obtain access to capital within the market.
(i). Venture Capital Funds :- General Partners raise a fund from a set of Limited Partners. Then, the General Partners invest the money from that fund into an individual's startup company.
(ii). Direct Government Subsidy: - The government encourages companies to develop innovative products. For example, through a tax benefit, innovation credit or a subsidy. Through making additional money available to startup companies, it increases the chances for startup companies to receive larger amounts capital. As of 4320, the government has set aside 340 Billion BEI for innovative product investment.
(iii). Crowdfunding: - Crowdfunding is the process of getting a large crowd of people to pay a small amount of money to invest in an idea or product, with the promise that when said idea comes to fruition, they will get first access to it.

2. Access to the Market
As a company moves forward with its development, it is essential that is does not remain within the borders of the nation but expand to regional and international markets.
(i). Beginners Voucher Programme: - The government will sponsor upcoming companies wishing to expand into the foreign market through advisement in which business owners sit down with an economics adviser from the government in an attempt to form a road plan that will ensure stability of said company as it moves into the foreign market.

3. Skills and Talent
In order for a company to grow, development cannot happen through the efforts of one single person. Only through the efforts of a well organised staff, could the development of your company be championed.
(i). Vocational Training: - The government has made provision for companies to negotiate with schools on a vocational training system. Students within the secondary education category are eligible to obtain training from companies to move into their respective fields of choice. In exchange for educating students on how it is to work within the nation's workforce, companies tend to benefit greatly in the form of experienced workers.
(ii). Job Finding Website: - Throughout the nation, the government has promote the formation/conceptualisation of high level recruitment offices aimed at ensuring specialised individuals necessary for your company are found.

This is a normal law, as such it can be passed, amended and abolished with a 2/3 majority by the Assefa.

Proposals

Debate

These messages have been posted to debate on this bill:

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Voting

Vote Seats
yes
 

Total Seats: 46

no

    Total Seats: 0

    abstain
     

    Total Seats: 29


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