Growing State Economies: A Policy Framework

Source: Joe Cortright, Mary Jo Waits National Governors Association, 2012

Taxes and regulations at the federal, state and local governments have a significant impact on business creation and development…. The structure of each state’s tax system and overall tax burdens affect the creation and growth of business. High state taxes can reduce a state’s economic growth. Improving the quality of a state’ s educational system can have a positive impact on economic growth.

Each state must decide on its tax, spending and regulatory policies. Within that framework, however, this report highlights six issues and activities that can be refined to improve the conditions for job creators. The six drivers of growth are:
• Entrepreneurs
• Education and Skills
• Innovation and Technology
• Private Capital
• Global Markets and Linkages
• Industry Clusters

See also:
Growing State Economies: 12 Actions
Source: Erin Sparks, Mary Jo Waits National Governors Association, 2012

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