State Economic Development Expenditures: FY2015 Update

Source: Sarah Gutschow, Council for Community and Economic Research (C2ER), June 16, 2014

The Council for Community and Economic Research (C2ER) recently updated its State Economic Development Program Expenditures Database as part of a continuous effort to track investments in economic development across all fifty states. The database now includes all Governor Recommended Budgets for fiscal year 2015. Based on this data, states are collectively proposing to spend $7.95 billion for economic development related activities in FY2015, which represents a small increase over the FY2014 enacted budgets total for economic development. However, the FY2015 recommended budgets total represents a sizable 9.6 percent increase over the FY2013 actual economic development expenditures total of $7.26 billion….