Policies that Produce
ENTERPRISINGSTATES
1
Contents
Executive SummaryBeating Expectations: How States Defy the NewNormalUnderstanding the Geography of GrowthBack to Basics: The Enduring Importance of the Agricultural Economy The New Energy Boom The Revival of Manufacturing The Techno-cultural Edge The Demographic Edge The Role of Foreign InvestmentGrowth and America’s MomentEnterprising States: Policies that ProduceGrowth, Productivity, and Livability: The TopPerformersExports and International TradeEntrepreneurship and Innovation Taxes and Regulation Talent PipelineInfrastructureGrowth Measures: Rating the StatesState Performance Graphic The Next Boom StatesProles of the States
About the Report
The report was prepared by Praxis Strategy Groupand Joel Kotkin. Authors from the Praxis team includeDelore Zimmerman, Mark Schill, Matthew Leiphon,and Ryan Aasheim. Zina Klapper provided editingand additional research. Praxis Strategy Group isan economic research and community strategycompany that works with leaders and innovators inbusiness, education, and government to create neweconomic opportunities. Joel Kotkin is an internationallyrecognized authority on global, economic, political andsocial trends.
About the U.S. Chamber of Commerce
The U.S. Chamber of Commerce is the world’s largestbusiness federation representing the interests of more than 3 million businesses of all sizes, sectors,and regions, as well as state and local chambers andindustry associations.
About the National Chamber Foundation
The National Chamber Foundation (NCF), a nonprotafliate of the U.S. Chamber of Commerce, is dedicatedto identifying and fostering public debate on emergingcritical issues. We provide business and governmentleaders with insight and resources to addresstomorrow’s challenges.
About the Campaign for Free Enterprise
The Campaign for Free Enterprise (CFE) is theU.S. Chamber of Commerce’s comprehensive,multiyear campaign to support free enterprise andentrepreneurship through national advertising;grassroots advocacy; citizen, community, and youthengagement; and research and ideas leadership. The opinions and conclusions expressed or impliedin the report are those of the research agency. Theyare not necessarily those of the National ChamberFoundation and the U.S. Chamber of Commerce.
ENTERPRISING STATES
Policies that Produce
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2June 13, 2012Dear Colleague, As the U.S. Chamber of Commerce celebrates its 100
th
anniversary, the National Chamber Foundation, along withthe Campaign for Free Enterprise, is reafrming our commitment to free enterprise, history’s premier economicsystem and an important aspect of America’s greatness. As part of that commitment, we are releasing thethird edition of our study,
Enterprising States
, which takes a comprehensive look at how states arecreating anenvironment in which the private sector can thrive. The nation’s top priority continues to be our economy, and as you will soon read, our study focuses on whatstates are doing to address this challenge, invest in the future and create jobs. The ability to implement forward-looking economic policies that allow the private sector to expand is vital to this country’s future, and each state istasked with doing so to achieve growth.In addition to updating the data for the overall economic performance along with the ve specic policy domainsfor each state, this year’s
Enterprising States
has a section highlighting the states that are most likely to grow,create jobs and prosper in the coming ve to 10 years. A key component to growth is providing the tools,support, and tax and regulatory environment to allow businesses to innovate and be competitive. As in the past, we hope that you nd this study to be interesting and useful in understanding the important rolethat states serve in our nation’s economic future and success. The U.S. Chamber of Commerce looks forward tothe next hundred years of standing up for free enterprise and encouraging an environment in which businessesand entrepreneurs can prosper. Sincerely,Margaret SpellingsPresidentU.S. Forum for Policy Innovation
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