Baker Unveils Economic Plan

Republican candidate for governor Charlie Baker has unveiled an economic development plan he says will create jobs, strengthen communities and build better schools.

The plan calls for using tax credits to offset the cost of minimum wage increases, and to reward businesses that hire welfare recipients and veterans.

Baker said he would also reduce fees for starting a business; increase affordable housing; and give minority business owners better access to the bidding process for public projects.

Baker said his plan would cost the state up to $300 million in lost revenue out of $36 billion state budget.

Democrat Martha Coakley has already pledged to make $500 million in funding available over the next decade to help speed economic growth across the state if elected governor.

The election is Nov. 4.