States Can Create Jobs, Aid National Recovery through Free Enterprise Policies, says U.S. Chamber Study

May 2, 2010
Sunday, May 2, 2010 - 8:00pm

Bipartisan Group of Governors Highlight Proven Job Growth Strategies at Chamber Summit

WASHINGTON, D.C.—States that pursue a course based on free enterprise principles fare better economically than those who don't, according to a new study prepared by The Praxis Group for the U.S. Chamber of Commerce.

"By embracing many of the strategies at the core of our free enterprise system—entrepreneurship, open trade, competitive tax rates—states can help jumpstart our economic recovery and create more jobs," said Thomas J. Donohue, president and CEO of the U.S. Chamber. "Many of the new ideas, new companies, and new jobs will come from local initiatives that allow the free market to do what it does best."

The study, Enterprising States, highlights successful state strategies for job creation and economic growth. It cites specific examples of innovative state policies—based on free enterprise—that have attracted more business, more economic activity, and more jobs.

The study was released today at a bipartisan summit of governors, state chamber executives, and leading business people at the U.S. Chamber's headquarters in Washington. Participating governors included: Tim Pawlenty from Minnesota, Jack Markell from Delaware, Bill Richardson from New Mexico, Donald Carcieri from Rhode Island, Rick Perry from Texas, and Joe Manchin from West Virginia.

"By bringing this bipartisan group of governors together, the Chamber is helping to lead the charge in finding a solution to our nation's challenge of creating jobs and revitalizing the economy," said Governor Tim Pawlenty, co-chairman of the event.

Through the summit and this study, the Chamber is intensifying its American Free Enterprise. Dream Big. campaign by spreading the message about bipartisan state and local policies that have proven to help create jobs. The Chamber's nationwide campaign, an effort to spur the creation of 20 million jobs over the next decade, was the driving message of the governor's day-long discussion. The leaders traded ideas on balancing policy choices about taxes and spending, and how states must make these decisions while continuing to retain and attract private investment.

The Enterprising States study is available at: www.freeenterprise.com

American Free Enterprise. Dream Big. is the U.S. Chamber of Commerce's comprehensive, multiyear campaign to support free enterprise through national advertising; grassroots advocacy; citizen, community, and youth engagement; and research and ideas leadership.

The National Chamber Foundation (NCF), a non-profit affiliate of the U.S. Chamber of Commerce, is dedicated to identifying and fostering public debate on emerging critical issues. We provide business and government leaders with insight and resources to address tomorrow's challenges.