CSG Growth and Prosperity: Virtual Summit of the States 2.0

If state and local governments eliminated all their corporate taxes, it would help businesses cut just 2 percent of their costs. That illustrates the point Bob Tannenwald, senior fellow at Center on Budget and Policy Priorities, made during The Council of State Governments’ Growth and Prosperity Virtual Summit session, “Winning Strategies of Job Creation.” Tannenwald said corporate tax incentives do not help states as much as people think.

The age of a business may be more telling than its size in the business’s ability to create jobs. That’s according to Dane Stangler, director of the Ewing Marion Kauffman Foundation in Kansas City, Mo., using information from the U.S. Census Bureau, who spoke during The Council of State Governments’ Growth and Prosperity Virtual Summit of the States session, “A Culture of Entrepreneurship.”

States should begin now to prepare for whatever Congress decides on a new federal transportation bill.  Donna Cooper, senior fellow at the Center for American Progress, said doing that homework will give states a head start on addressing changes that come along with reauthorization of the federal Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users, known as SAFETEA-LU. Cooper spoke during the “Federal Transportation Reauthorization” session of The Council of State Governments’ Growth and Prosperity Virtual Summit of the States.

 

The U.S. economy is at a turning point, economist Zachary Karabell says, and states must respond to the expected changes. One only needs to look at the recovery following the Great Recession that many say ended in late 2009, and compare it to previous recessions over the past 60 years, he told an audience during The Council of State Governments’ Growth and Prosperity Virtual Summit.

 

Even though states are facing extreme economic stress in the wake of the Great Recession, policymakers should stop thinking about education as an expense without a return.  That was one of the messages of Sara Watson, senior officer for the Pew Center on the States, who spoke during the “Increasing Global Competitiveness through Collaborative Education and Workforce Development Efforts” session during The Council of State Governments’ Growth and Prosperity Virtual Summit of the States.

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