Economic Growth

The U.S. Chamber of Commerce Foundation is dedicated to promoting initiatives that grow our nation's economy. 

Read the Foundation's report, The Growth Imperative, for more information about the importance of faster economic growth.


North Carolina 2011

The Research Triangle Park was founded in January 1959 by a committee of government, university, and business leaders as a model for research, innovation, and economic development.
By establishing a place where educators, researchers, and businesses come together as collaborative partners, the founders of the Park hoped to change the economic composition of the region and state, thereby increasing the opportunities for the citizens of North Carolina.
The RTP vision was to provide a ready physical infrastructure that would attract research oriented companies.
Today, more than 42,000 full-time equivalent employees work in RTP with an estimated 10,000 contract workers. These employees have combined annual salaries of over $2.7 billion.

Kansas 2011

Kansas’ Place in the Rankings
6th Transportation Infrastructure Performance
7th Cost of Living
9th College Affordability
10th Median Family Income
14th Export Intensity Growth
15th Higher-ed Efficiency
16th Productivity Growth
16th Export Intensity
18th Growth in Share of National Exports
18th Budget Gap
21st Per Capita Income Growth
21st Export Growth
22nd Higher-ed Degree Output
23rd High-tech Share of All Businesses
24th Academic R&D Intensity
20th Educational Attainment

South Carolina 2011

Job Development Credits (JDJDCs)

JDCs have been a great resource in attracting new job creation to South Carolina. JDCs are a discretionary, performance-based incentive that rebates a portion of new employees’ withholding taxes that can be used to address the specific needs of individual companies.

Qualifying businesses are eligible to receive a tax credit for each new full-time or full-time equivalent job created. A business must increase employment by a monthly average of ten new jobs.

Texas 2011

Texas’ Place in the Rankings
1st Growth in Share of National Exports
2nd Export Intensity
3rd Small Business Survival Index
3rd Higher-ed Efficiency
4th Long-term Job Growth
4th Short-term Job Growth
5th Cost of Living
5th Job Placement Efficiency
6th State and Local Tax Burden
7th Entrepreneurial Activity
12th High-tech Share of All Businesses
12th Small Business Lending
13th Gross State Product Growth
13th Business Birth Rate
13th Business Tax Climate
13th High School Advanced Placement Intensity
14th Economic Output Per Job
14th Export Growth
14th STEM Job Growth
16th STEM Job Concentration
19th College Affordability
22nd Per Capita Income Growth
25th Median Family Income

New Hampshire 2011

New Hampshire Innovation Research Center
NHIRC was created by the legislature in 1991 for the purpose of creating high quality jobs through technology development and innovation.
NHIRC fosters collaboration between New Hampshire businesses and universities to promote applied and basic scientific research, engineering, and associated technology transfer.
NHIRC’s goal is to assist New Hampshire industry in becoming more competitive and, thereby, retain and increase employment.
NHIRC helps New Hampshire companies upgrade old products or develop new products. With NHIRC support, university-industry collaboration fosters innovation and helps to preserve and increase the number of jobs.

Alaska 2011

Alaska’s Place in the Rankings
1st Budget Gap
1st State and Local Tax Burden
2nd Business Tax Climate
2nd Short-term Job Growth
2nd Economic Output Per Job
3rd Long-term Job Growth
3rd Small Business Lending
3rd High Speed Broadband Intensity
5th Academic R&D Intensity
5th College Affordability
6th Gross State Product Growth
6th STEM Job Growth
8th Productivity Growth
10th Per Capita Income Growth
12th Job Placement Efficiency
13th STEM Job Concentration
15th Small Business Survival Index
24th Business Birth Rate

New Mexico 2011

New Mexico Partnership (NMPNMPNMP)

Created in 2003, the New Mexico Partnership is a public-private economic development organization that works to attract new businesses to the state. Funded by the public and private sectors, NMP acts as a “one stop resource” for businesses examining establishing a presence in New Mexico.
In order to attract companies from sectors including aerospace, agriculture processing, renewable energy, and manufacturing, the NMP offers interested companies access to a variety of services aimed at easing barriers to establishing a presence in the state.

Vermont 2011

Vermont’s Place in the Rankings
3rd Short-term Job Growth
6th High Speed Broadband Availability
7th Higher-ed Degree Output
7th Transportation Infrastructure Performance
9th Export Intensity
9th Educational Attainment
10th High Speed Broadband Intensity
11th High School Advanced Placement Intensity
13th Per Capita Income Growth
13th Academic R&D Intensity
14th Entrepreneurial Activity
18th High-tech Share of All Businesses
20th Median Family Income
20th STEM Job Concentration
22nd Productivity Growth
22nd Long-term Job Growth

Puerto Rico 2011

Economic Incentives for the Development of Puerto Rico
Tax incentives and credits available through the Economic Incentives for the Development of Puerto Rico Act enable local and foreign companies to operate successfully in Puerto Rico enjoying the benefits of operating within a US jurisdiction, while taking advantage of a foreign tax structure.
Since 2009 Puerto Rico has completed over 70 promotions under the act with a commitment of 3,500 jobs and $110 million in investment.
These investments have resulted in expansions and the creation of new companies and research and development centers in biotechnology, pharmaceuticals, aerospace and services such as software development and support.

Colorado 2011

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