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Benzinga Founder Jason Raznick discusses how this small business caught the eye of Groupon and its efforts to expand in the U.S.
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Of Ohio -- our next guest is proof that a good idea for start up well executed.
Can succeed grow and hire even in this difficult environment.
-- Zynga is a new media company that just scored a one point five million dollar investment from the founders of group thought.
They may be doing an IPO shortly -- -- dot com founder Jason -- Joins us now Jason good to see -- thanks for coming in first of all are you hiring anybody right now -- Thank you David things -- have me yes we are hiring.
Yes were actively hiring and in the US there are obstacles it's actually higher harder higher here that we have a heart then internationally it's easier for us to higher internationally.
That in the United States which to me is real note in this kind of environment very surprising yeah I mean the obstacles the taxes the tax code.
On when health care -- associated with it there's many more obstacles for us when we're making hiring -- internationally we really -- ramp up it would actually.
-- summonses be easier to hire internationally but we wanna grow.
You know inside the US and builds a sustainable company with employees who grow with the company inside the united -- Sure -- heard what I just said it was -- cars are about with the with the history of this administration and the the people in congress Pelosi and Reid in particular do you is or anything they could do say or do that would.
That would engender trust in -- so that you would be more comfortable about hiring here.
I mean it's not usually -- democratic policy to spur.
Job -- in the private sector.
And that's where I think things need to change the private sector is what needs to grow.
The small businesses is what drives the economy -- what we've done is increased you know government jobs and we need to increase the private sector and to do that mean you -- that new home purchase credit that was something that was relatively successful there needs to be.
In focus on the small businesses we would like to -- -- people but there's are issues.
Each person we hire because of the tax structure it costs us a substantial amount of money that it would appear.
You know in another country with a tax structure.
Is advantageous and -- want to grow.
Are probably -- the administration claims -- on the administration claims that they have done a lot to encourage private sector hiring in fact they have this.
-- these various tax credits that they have 456000.
Dollar tax credits are those helping you to hire.
Tax credits that I mean these are one time things -- they don't have sustainable.
Like practices and -- -- one time.
Events where you can get a tax credit here and there locally and nationally but there needs to be a big change in there and really focus on private sectors that's what grows -- economy.
Government does he doesn't try -- a recession.
In entrepreneurial.
Innovation sustainable companies are what -- look at the companies that are built over the last ten years I mean he talked about Google groupon FaceBook Twitter.
I mean these are people you know these are companies that less than twenty employees tears are -- -- have over 40000 combined.
I mean those -- the companies that build sustainable thing that you have to make.
Nuclear policy get the change your policy if you really wanted to drive and innovation here especially -- it's so easy.
To go move offshore moved to Canada with the Internet you can be anywhere you want to be you.
The government have to go to the times and compete enough -- right here where.
Because I below but I believe it'll happen and I like here there's a lot of amenities the United States -- I think it's a great place to open a business the problem is in the higher in part -- that we want to make it.
More attractive easier hired make it quicker we I mean will never leave the US that is where we wanted to we don't -- go go offshore.
I'm just referring to actually the process hired in place.
If you had -- way all the different things there's negatives and in other countries there's -- positives but overall you know so it's about higher I didn't and accelerate the -- saw the jobs numbers -- I mean the new new our jobs I mean.
It was you know I was surprises were actively hiring.
And it's hard to find some decent people these days and I think part of is people don't think that.
There's jobs being you know being created these days and there are you just gotta go look you know look at that -- operators and technology.
Jason that's a great -- and we should remind folks by the way we've got to move -- but even in the worst of the seventies the late centers when we had awful stagflation that's when FedEx.
Was developed that's from Microsoft was -- -- lot of companies came on line.
In the worst of times it shows you the American spirit is is practically impenetrable even from the worst state as you can imagine so we thank you for the work you're doing Jason you were one of our heroes Jason -- -- for -- or get dot com thank you very much.
