The SJ Tomorrow Economic Powerhouse Program (STEPP)
I had the idea to boost economic infrastructure. My idea would be to incentivize small businesses, entrepreneurs, and artisans to create opportunities and small businesses. Ultimately, this idea would be about funding individuals who can create value.
I think it would be a good investment of tax-payer funding to seek or motivate creators and entrepreneurs to fund their projects and businesses with the use of grants. I would skip the use of loans completely and boost incentives through grant funding.They would have to provide a convincing business plan and a video-evidence follow-up video on their project and business.
It is okay if a project fails or if a business fails. This still would be creating value as it help many others learn new skills and trade.
Another idea I had following this idea if the funding was substantially lower is to only fund first-time entrepreneurs and creators. This also will provide a comfort foundation to try creating a business or project and provide the experience needed to incentivise them to continue growing and learning from their mistakes whenever they fail.
Overall, I think whether this idea is successful or risky, I believe it can provide a beneficial platform to incentivize and boost economic performance in the US.
