The Path to State Economic Recovery

The path to economic recovery for states and the nation can be accomplished through four strategies according to a study released on June 20 by The Praxis Group commissioned by the National Chamber Foundation. They include: redesigning government, curbing spending, modernizing the tax system, and eliminating onerous regulations. The study, titled “Enterprising States: Recovery and Renewal for the 21^st Century,” details specific strategies each state can use to improve job creation and economic competitiveness.

Generally Colorado shows well in the study including:

• 1^st        Small Business Lending
• 2^nd        High-tech Share of All Businesses
• 2^nd        Academic R&D Intensity
• 3^rd        Entrepreneurial Activity
• 5^th        STEM (Science, Technology, Engineering, Math) Job Concentration
• 7^th        High School Advanced Placement Intensity
• 8^th        Median Family Income
• 10^th      Small Business Survival Index
• 10^th      Educational Attainment
• 12^th      State and Local Tax Burden
• 14^th      Business Birth Rate
• 15^th      Business Tax  Climate
• 15^th      Higher-ed Degree Output
• 15^th      Productivity Growth
• 16^th      High Speed Broadband Availability
• 17^th      Gross State Product Growth
• 18^th      Economic Output Per Job
• 19^th      Transportation Infrastructure Performance
• 22^nd      Higher-ed Efficiency
• 24^th      Long-term Job Growth
• 25^th      College Affordability