Economics and Finance

According to the Kauffman Index of Entrepreneurial Activity, which tracks new business creation across the U.S., Montana had the highest entrepreneurship rate in 2013 with 610 per 100,000 adults creating businesses each month during the year. Montana is followed by Alaska (470 per 100,000 adults), South Dakota (410 per 100,000 adults), California (400 per 100,000 adults) and Colorado (380 per 100,...

Like many programs, state tourism efforts took a significant hit during the Great Recession. Experts argue, however, that cutting tourism marketing programs can have long-term negative consequences for state economies.

With the end of tax season, CNBC has compiled some interesting graphics related to federal and state taxes. Using data from the Tax Foundation, the Internal Revenue Service and U.S. Treasury Department, the article details where federal and state revenues come from and how they are spent. The top three spending items for the federal government were Health and Human Services, Social Security and Defense. An interactive map of the United States allows users to see several state-level measures, including total taxes paid, average deductions and state tax rates. 

According to a report released yesterday by the U.S. Public Interest Research Group Education Fund (PIRG), Indiana ranks first among states when it comes to  making public spending information available online. Rankings from the group's fifth annual report, “Following the Money 2014: How the 50 States Rate in Providing Online Access to Government Spending Data, are based on an inventory of the content and ease-of-use of states' transparency websites. The report notes that last year was the first time that all 50 states operated websites to make information on state spending accessible to the public.

CSG Midwest logo
The search for more jobs continues to be a high priority in parts of the Midwest suffering from high rates of unemployment. But in states such as North Dakota, Nebraska and South Dakota — which have the three lowest jobless rates in the nation — the hunt is on for more workers.
CSG Midwest logo
A series of high-profile requests by companies wanting special tax breaks from Illinois in order to stay in the state have raised questions about whether the state’s business incentive programs actually result in job and economic growth.
So many questions have emerged, in fact, that lawmakers have agreed not to grant any tax breaks until hearings are held to evaluate the state’s tax environment and the effectiveness of business incentives.
CSG Midwest logo
Some Midwestern states continue to shed public sector jobs, new U.S. Census Bureau data show, with Michigan leading the nation in the decline of state and local government employment between 2007 and 2012.

Many states are following a new path to economic development—retraining their workforce for jobs of the 21st century. Wisconsin is one of those states. Its Fast Forward Initiative allocates state funds to help companies train new and current employees, administered through a grant application program. Two Wisconsin Department of Workforce Development officials—Deputy Secretary Jonathan Barry and Scott Jansen, administrator of the Division of Employment and Training—will discuss the state’s retraining efforts during an April 21 webinar, “Training for Today: Retraining the Workforce for 21st Century Jobs.” The webinar, presented by Capitol Ideas magazine and CSG’s State Pathways to Prosperity initiative, will begin at 11 a.m. EDT.

Entrepreneurial experts from the Kauffman Foundation and Pew Charitable Trusts say Nebraska is in pretty good standing when it comes to state policy that fosters entrepreneurship. But there’s always room for improvement, said Dane Stangler, vice president of research and policy at the Kauffman Foundation. “Overall, Nebraska is doing well,” Stangler said after the event. He was comparing the state to the two other states where The Council of State Governments has held Entrepreneurship Days. “Nebraska has good assets in the legislature and an engaged community from what we can tell.

New companies likely will be the ones bringing new jobs to the U.S. economy, and most of those will come through entrepreneurs, said Yasuyuki Motoyama, a senior scholar for policy and research at the Ewing Marion Kauffman Foundation. For that reason, states should be looking for ways to help entrepreneurs.

Pages