Ayotte kicks off her tour of NH businesses with Fidelity visit
Sen. Kelly Ayotte speaks Monday at Fidelity Investments in Merrimack before the New England Council. Kimberly Houghton (Kimberly Houghton)
Ayotte launched her “Conversations with Kelly: Growing New Hampshire Businesses, Not Bureaucracy” last summer, and is continuing the initiative in the coming weeks.
Ayotte has introduced legislation that if approved she believes will enable New Hampshire to establish a state infrastructure bank that could leverage state and federal transportation dollars to attract private investments to help fund local transportation initiatives.
“We need more accountability,” she said, explaining there are regulations in place that negatively impact the ability for businesses to thrive. There must be a transparent and accountable way for people’s voices to be heard when dealing with regulation concerns, Ayotte added.
“It is a tax that will hurt innovation in an area where we want to innovate,” she said. “It will hurt American jobs.”
Startup companies are being forced to pay a 2.3 percent tax on revenue, according to Ayotte, who said it just doesn’t make sense to punish companies that are having success.
Joe Murray, vice-president of public affairs at Fidelity, said there are 5,400 employees at the Merrimack Fidelity campus, which he described as a “town within a town.” As the company continues to make financial services available to New Hampshire residents, Murray said its employees are deeply concerned about many issues impacting customer savings.
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