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In his State of the State address in January, Governor Schwarzenegger announced his Jobs Creation Initiative. A month later, he's still traveling around California promoting this plan in an effort to get the legislature to act on it. Here are the components of the governor's job creation proposal.

The Homebuyer Tax Credit

Back in 2009 Jarrett Stidham Womens Jersey , California offered a $10,000 tax credit for buyers of new homes. It was successful in increasing new home sales, but when the money dried up, so did the home sales. Governor Schwarzenegger wants to allocate an additional $200 million for tax credits, not just for new homes, but for existing homes as well. An active real estate market means jobs in mortgage Hjalte Froholdt Womens Jersey , title, escrow, real estate sales and more. When those homes are new construction, framers, electricians, plumbers and roofers are needed.

Elimination of Sales Tax on Green Technology Manufacturing Equipment

Green products Yodny Cajuste Womens Jersey , such as solar energy systems, are poised to take off. We're just at the edge of making them economically viable, and consumer interest in doing the right thing for the environment has never been stronger. Just look at the success of hybrid cars - in spite of their higher price tag. Removing the sales tax on equipment needed to make green products will make these products more affordable for the end consumer. As sales increase, jobs are created. These are jobs that will be around for a long time, since the entire green industry is expected to grow and thrive over many years.

New Hire Tax Credit

The governor has proposed a $ tax credit to businesses that hire new employees. This gives that little extra push to companies that want to hire but were reluctant. This is ingenious in that it's available in any industry to any company that's ready to grow. Small businesses can benefit if they are able to add just one or two new jobs. Larger firms will be encouraged to employ more people.

Streamlining of Construction Regulations

Construction takes a lot of time to get started, and state regulations slow things down. Streamlining the regulations will help home builders bring new projects to the market faster. It removes a major obstacle Damien Harris Womens Jersey , allowing the homebuyer's tax credit to have a positive effect sooner.

Elimination of Frivolous Lawsuits