OPEN’s finance expert Mike Periu on cities and States Cutting Taxes, offer incentives and other business perks.
Cities and States Cutting Taxes to Boost Growth
As major cities across the country feel the squeeze of rising costs and lower tax revenues, some have decided that the best way to improve their financial situation is to cut taxes and offer incentives to businesses in a bid to have them setup shop in their city. Los Angeles offers a tax holiday on the gross receipts tax which can a save a small business thousands of dollars. Albany offers special parking privileges to businesses. Louisiana offers tradable tax credits to some companies that do business in the state.
About Mike Periu
Mike is a seasoned executive with experience in small business finance and management. He is the founder of Proximo, LLC a leading provider of corporate, consumer and small business education and training services with an emphasis on finance and technology.
Mike Periu is also a leading national voice for individual empowerment through financial education and entrepreneurship. He has been interviewed over 500 times in national and international media, including NBC, Univision, CNN en español, Telemundo, HITN, TVE, RTE, SBS, MegaTV and others.
Mike writes regularly for American Express OpenForum, Yahoo! Finanzas and is a Huffington Post contributor.
Mike has degrees in Finance and International Business from Georgetown University. He is on the Board of Directors of the Council for Economic Education and was a Fellow at the Kauffman Foundation’s Labs for Enterprise Creation.
