Bipartisan Group of Governors, Business Leaders Highlight State Competitiveness
WASHINGTON, D.C.—A new study finds that states that boost exports, foster innovation, provide businesses with certainty and reasonable taxes, insist on excellence in education, and prioritize infrastructure are leading on job creation and economic growth. The study, Enterprising States, was commissioned by the National Chamber Foundation and prepared by The Praxis Strategy Group.
“The federal government has something to learn from these enterprising states,” said U.S. Chamber President and CEO Thomas J. Donohue. “If you want jobs and growth, you need to create an environment where private-sector businesses, entrepreneurs, and capital are welcome and can grow and thrive.”
Enterprising States was unveiled at the U.S. Chamber’s annual Jobs Summit, which convened a bipartisan group of governors, local policy makers, and business leaders to discuss policies that produce economic growth and examine how states across the country are creating jobs and increasing competitiveness. Participating governors included Dave Heineman from Nebraska, Gary Herbert from Utah, Jack Markell from Delaware, and Scott Walker from Wisconsin.
“The governors we heard from today are on the front lines of our nation’s economic challenges, and they are producing the kinds of innovative policies that will drive growth and improve the future of their states,” said Margaret Spellings, president of the Chamber’s U.S. Forum for Policy Innovation. “Our Enterprising States study highlights specific policies and programs that states can undertake to foster growth—all driven by sound free enterprise principles.”
The Enterprising States study highlights specific strategies that all 50 states are employing to remain competitive and restore jobs. It also outlines the top ten future “boom states,” which are best positioned to grow, create jobs, and prosper in the coming years.
Specifically, it found that states with demonstrable growth are pursuing policies that: foster an enterprise-friendly business environment by removing delays, uncertainty, regulation, and taxes; create an environment and workforce for a technology-based and innovation-driven economy; increase focus on small business, including programs to increase financing availability; support business development efforts to reach an expanding global marketplace, including group trade missions and specialized services to help small businesses identify high-potential international markets; bring government, academia, and the private sector together to collaborate effectively; and invest in infrastructure that meets the operating requirements of business and connects businesses to markets and customers.
The full study is available at: https://www.uschamber.com/reports/enterprising-states-policies-that-produce