Martin O’Malley On Jobs And Small Business

Posted on December 8, 2009

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This post is going to be about Gov. Martin O’Malley’s program to get credit moving for small businesses in Maryland, as told to CNBC’s brainy news chick, Erin Burnett. Ms. Burnett happens to be a native of Maryland’s Eastern Shore. In fact, I believe she has single-handedly put Mardela Springs on the map. But first, this important announcement:

Gov. O’Malley will hold an online townhall meeting at 8 p.m. Wednesday. You can be present virtually, through the magic of the Internet, at this address: www.MartinOMalley.com/live.

The governor would like people to submit questions at that Web address. It’s the new O’Malley campaign Website for the 2010 election. (Just drop the /live to get the main Website instead of the townhall meeting.) Adding a little suspense to the story, as of 8:15 p.m. Tuesday, the new Website is not yet operational. I am told that it will be ready for prime time by Wednesday night.

I imagine that several campaign workers are frantically hitting their computer with a hammer, right this minute. I know exactly what they’re going through. I’ve been working on a new, improved version of Maryland On My Mind for a week. If you see anything on the Web that promises “one-click installation,” don’t count on it. Getting a site to work the way you want will take a little longer. If MY new site doesn’t work soon, I’m going to get a bigger hammer.

Now, we return to our previously scheduled program, the Erin Burnett interview with Gov. O’Malley on CNBC. You can see the tape right here. Far as I know, it’s not on YouTube yet, and I can’t upload it directly from CNBC.

You’ll notice that Ms. Burnett introduces Gov. O’Malley as “The man with the plan.”

O’Malley outlines a two-point jobs creation plan.

  • First, a temporary tax credit to businesses that hire unemployed workers, at $3,000 per.
  • Second, a $64-million state fund to guarantee bank loans to small businesses. And a promise of a 48-hour approval process for the loan guarantees.

Well. The tax credit has received a cool reaction from observers. Few seem to think a $3,000 credit will create many new jobs. As the manager of Fields in Pikesville suggested on the front page of The Baltimore Sun, most of the tax credits will probably go to businesses that would have hired someone regardless.

The state loan guarantee for banks to lend to small businesses, now that sounds promising. A 48-hour approval process? I guess there’s no reason why it can’t be done in 48 hours, this being the computer age. I’m sure Gov. O’Malley will have more to say about jobs and small business during the townhall meeting Wednesday night.

Which leaves many Maryland readers asking the important question: Where the heck is Mardela Springs? It’s hiding in plain sight. You could look it up on a map of Maryland.

— Bernie Hayden

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