After receiving an overwhelming and enthusiastic response to last month’s column entitled “Join the PAC: Politics can make or break your business,” a number of readers have decided they would like to move forward with the formation of a Political Action Committee dedicated to electing truly pro-business candidates on the local, state and national scene.
As I described last month, a PAC is an independent organization, the primary purpose of which is to support or oppose candidates, political parties or ballot issues. It is more financially flexible than independent campaign donations, allowing groups of people to pool their resources, educate voters on issues that may affect them and support likeminded candidates for political office.
It will be the goal of this new PAC to act as an advocate for pro-business issues, with a motto of “We are in the business of helping business succeed.” The organizers of the PAC have set a goal of raising $250,000 during the next six months. As a reader and a business person, you will read more about the PAC in its own newsletter, paid for by the PAC and contained in future issues of SBN.
If we all pool our resources, we can have a much greater impact on the whole. Listed below is a breakdown of how the PAC hopes to make its $250,000 goal.
5@ $5,000 $25,000
50@ $2,500 $125,000
50@ $1,000 $50,000
50@ $500 $25,000
50@ $100 $5,000
200@ $50 $10,000
250@ $25 $5,000
500@ $10 $5,000
There will be different levels of participation to help the PAC meet its goals, but each and every donation, regardless of amount, is important. This is an opportunity to stand up and be counted. Together, you can bring business issues to the forefront of the political arena.
Several committees are being contemplated with regard to the PAC’s formation. If this is something that you would like to be more actively involved with, please let us know. It is the intention of the PAC to make this something that readers and business people can be involved in at every level. I am pleased that the organizers of the PAC have adopted many of the goals that I set forth in last month’s editorial, including:
- Raising and donating money to political candidates who are truly pro-business, who have demonstrated their commitment to a pro-business agenda by their actions, including voting records, candidates’ questionnaires and by members of the PAC who can vouch for their pro-business agendas.
- Creating a new voice for business owners and leaders to bring attention and focus on the issues that affect them.
- Educating members of the Political Action Committee about issues that may affect their businesses and the politicians who have a direct influence on corresponding legislation.
- Bringing about change to help businesses grow and prosper.
Synergy is where the sum of the parts is greater than the whole. I know each one of us gets asked to do a lot of things, but I hope you will consider creating a stronger political voice a priority. When the Political Action Committee is formed, the organizers will let you know where contributions to the PAC can be sent. Look for that information in the PAC’s first newsletter, coming soon.
Fred Koury (email@example.com) is president and CEO of SBN.