Above the whirl of printing machines, Marianne Gaige, president and CEO at Cathedral Corporation in Rome, explained to visiting U.S. Sen. Kirsten Gillibrand the growth the business is experiencing.
Gillibrand visited the Ellsworth Road site Friday to discuss her efforts to extend tax breaks for small businesses through the Success Act of 2012.
?They?re not Democratic or Republican. They?re just good ideas,? she said to a crowd of elected officials, business owners and media.
Gillibrand, a Democrat, is running her second Senate campaign since she was appointed in 2009 to replace Secretary of State Hillary Rodham Clinton. She won an election in 2010 to finish the last two years of Clinton?s term.
She now will face Republican challenger Wendy Long. According to the Wendy Long for New York website, she previously practiced law at Kirkland & Ellis, LLP, becoming a litigation partner in New York City and left the practice to build the Judicial Confirmation Network ? now Judicial Crisis Network ? to promote public education about the proper role of the judiciary under the American Constitution.
With small businesses creating two-thirds of the country?s employment, Gillibrand said the legislation would provide investors with strong incentives to invest in small business stock, double deductions for start-up expenses, purchase new equipment and continue tax credits.
The senator showed support of woman-owned businesses, which she said are among the fastest growing sector among small business.
?They start with eight times less capital than male businesses,? she said, pointing out that the legislation would help curtail some of the hurdles start-up businesses face.
Gaige said her business previously benefitted from the bill by getting money up front to purchase equipment. In 2010, Cathedral Corporation purchased a new printer costing $2.5 million, she said.
?If I save 40 percent, I would take that additional money and hire those people,? she said, noting this is what she did before.
Gaige said even during the economic decline in 2007 and 2008, the business grew and within the last 24 months, the workforce has doubled.
?That?s exciting for us,? she said. ?It has to be front and top of my mind: I?m going to catapult right out of the recession.?
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