Tracey S. Wheeler-Martinez, Ch.E.C.D., President & CEO
Since when did “business” become a dirty word?
What is right about American business? What are some of the things businesses do besides make a reasonable profit?
- Pay dividends which benefit, directly or indirectly, nearly every American;
- Provide more than 90 million jobs;
- Pay one-half of all social security taxes;
- Pay all the unemployment taxes;
- Pay all the workmen’s compensation insurance;
- Provide retirement income to millions of Americans;
- Provide various fringe benefits to employees, such as life and health insurance, paid vacations, recreation facilities, scholarships for employees’ children, health facilities, etc.;
- Pay income taxes to help finance government and its many welfare programs;
- Contribute more than $1 billion annually to worthwhile charitable and educational causes;
- Encourages its executives and employees to devote millions upon millions of “company time” hours annually in volunteer work for charitable, health, educational, art and many other such organizations.
A profitable American company – one that is growing and healthy – means jobs are secure and employee salaries can be increased to reward good performance. Such a business helps keep others in the marketplace; suppliers, consultants and those who transport the products of industry. Profitable companies pay taxes which help to support state, local and federal governments as well as schools and other public services that otherwise would have to be supported by increased property or other consumer taxes.
In any community, it is from the profitable operations of business that all other benefits are derived. Only by succeeding in this fundamental goal can we provide the jobs and produce the wealth to finance all the governmental, civic, educational, cultural and charitable needs that our community is faced with every day.
Why then does business have such a negative connotation? Are we as businesses perceived as the big group only interested in dollars and cents? Does the general public fail to see the benefits derived from business? After all, where would we be without business?
We need to remember that locally business pays 80+% of the taxes, which keeps and excess tax off the residential tax payer. In addition, it is Baytown business that supports
Little League, Youth Fair and Rodeo, Service League, Rotary, and every other necessary community endeavor – not only with dollars but with volunteer time.
Let’s remember to “SALUTE BAYTOWN BUSINESS AND INDUSTRY” and remember that BUSINESS IS GOOD!!
The Chamber will be holding the Partners in Education Recognition on Tuesday, May 22, 11:00 a.m.at the Hilton Garden Inn. This is one of the many programs that businesses totally support.
For additional information about the Chamber, access our website www.baytownchamber.com or e-mail us email@example.com. The website has a calendar of events and offers the opportunity to make reservations for Chamber events