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Bill: D.d.l. 01/4470 - Government Measure to Assist Small Business and Start-up Companies
Details
Submitted by[?]: Alleanza Radicale - NCD
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: August 4471
Description[?]:
| Carola Sebastiani, Minister of Finance: "Mr Speaker, during the crisis which affected Istalia in past decades, among the most affected thare were the small businesses and start-up companies. In order to promote these activities, an important component of our economy, the State should committ itself in assisting them through in the form of direct funding. In fact, an usual limiting factor for new business 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". So, the Government would like propose the following measures to facilitate the Access to Capital and to the Market and to enhance skills and talents of employees and workers. 1. Access to Capital. The "Ciao Startup!" 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. To this end the government must set aside finances to accommodate for this subsidy. (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 a company be championed. (i). Vocational Training: - The government must make provisions 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. |
Proposals
Debate
These messages have been posted to debate on this bill:
| Date | 20:59:38, October 17, 2018 CET | From | Partito Nazionale Democratico | To | Debating the D.d.l. 01/4470 - Government Measure to Assist Small Business and Start-up Companies |
| Message | Othman Kassis, PND Whip, We are strongly against start up subsidies due to two reasons: 1. Subsidies compensate for inefficiencies which means that the whole purpose of the start up, namely innovations, are being discouraged. 2. Start-ups are very prone to failure, meaning that there is a very high chance that the subsidies will ultimately go to waste. We always support tax incentives, but why not for every private Istalian enterprise? |
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Voting
| Vote | Seats | |||
| yes |
Total Seats: 254 | |||
| no |
Total Seats: 206 | |||
| abstain | Total Seats: 45 |
| Random fact: It is not allowed to call more than 5 elections in 5 game years in a nation. The default sanction for a player persisting in the early election tactic will be a seat reset. |
| Random quote: "If liberty and equality, as is thought by some are chiefly to be found in democracy, they will be best attained when all persons alike share in the government to the utmost." - Aristotle |