National Governors Association – 12 Actions for Growing State Economies

Of all the tough issues states face today, economic
growth is not only one of the most important,
but also one of the most perplexing to
address.

This Growing State Economies: Twelve Actions
report aims to provide governors and other state policymakers
better policy direction and strategies to foster business
growth. It emphasizes understanding the pathway
through which a new small business becomes a fast-growing
firm and the policies that support that transformation.

Startup firms that develop organically are critical to strengthening a state’s economy.

Firms in their first year of existence
add an average of 3 million new jobs every year in the United
States. More important, because many new ventures will inevitably
fail, companies that survive those startup years usually
create more net jobs than all the small startups do. And
the most important firms that survive, the so-called gazelles,
are fast-growing firms that power overall job growth and
often evolve into large global corporations.

Policymakers with responsibility for growing economies
can create a locally meaningful strategy by following
twelve basic steps to help the private sector grow and
thrive, creating new job opportunities for their citizens:

Full Report: http://www.nga.org/files/live/sites/NGA/files/pdf/11HEINEMAN12ACTIONS.PDF

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Great Montana success stories:

Submittable (Missoula, Montana) pitched a few hundred Silicon Valley investors today including MC Hammer and Ashton Kutcher. 🙂 http://www.matr.net/article-51618.html

Montana’s The Natural Baby Company, HuHot Mongolian Grills, TicketPrinting.com, and MercuryCSC included in INC.’s 5000 Fastest Growing Companies http://www.matr.net/article-51626.html

Dell Comes to Missoula, Montana http://www.matr.net/article-50930.html