The Inclusive Growth Coalition (IGC) and its member organizations stand together to advocate for an improved job and business climate, citywide. Particularly during this recovery period, it is imperative that we support business growth and the jobs that come with it. Doing so also benefits our city through an expanded tax base to improve city services, reduce poverty and make our city safer.
The IGC is committed to informing local leaders regarding polices that will grow ALL businesses and increase the number of people working in good-paying jobs in Philadelphia.
There are three critical pillars to inclusive growth: safer communities, a more competitive tax structure and making it easier to do business in our city.
Crime, gun violence, and a growing sense of lawlessness are significant obstacles to inclusive business growth. Countless Philadelphia businesses have faced no choice but to limit their hours of operation, relocate or close outright because of rising rates of violence and property crime. Businesses cannot survive without security for both workers and the communities they serve. Citizens should demand concrete plans and actionable steps that will make our city safer.
A More Competitive
The city’s tax structure hurts diverse businesses the most. Reducing these burdensome and duplicative aides in their sustainability and growth. Recent reductions to the City’s Wage and Business Income and Receipts taxes (BIRT) are an indication that Philadelphia is working to become more competitive. Extending these reductions as part of the city’s five-year plan is necessary for the long-term growth and stability of businesses citywide.
Making It Easier to
The city’s bureaucracy can often be complex and expensive for local businesses. The costs of licensing and permitting, and of the time that business owners must devote to, make the city increasingly unattractive for entrepreneurs. Improving access to necessary permits, approvals, and requirements for business owners is critical. The City must employ accepted best practices to help streamline government interactions, giving entrepreneurs the opportunity to invest more time and resources into growing their respective businesses.
Inclusive growth is economic growth that is distributed fairly across society and creates opportunities for all.
Inclusive growth means
More local businesses
More training and educational opportunities
More city tax revenue
to provide for healthcare, education, social protection and basic public services
Cities with more business growth and job opportunities tend to have:
Safer streets and neighborhoods.
Less gun violence and crime.
Lower levels of economic inequality.
Fewer abandoned properties and vacant lots which can attract crime.