Governors Association identifies top trends in economic development
Tuesday, August 20, 2013 3:17 PM
A report released by the National Governors Association yesterday looks at key initiatives the nation's governors have launched to spur economic growth and provide high-paying jobs.
The "Top Trends in State Economic Development" identifies six important trends that have emerged in the past two years:
- States have strengthened their relationships with regions within the state in fostering economic development.
- States have emphasized job creation from within their own borders with monetary initiatives to help companies grow.
- A number of states have strengthened their support for advanced manufacturing.
- State governments are creating partnerships with industry groups to help meet demands for talent.
- States are partnering with universities to bridge the gap between research and commercialization.
- States are working with high-potential small and medium-sized companies within specific industry clusters to increase exports.
Another recent publication released by the National Governor's Association, "Redesigning State Economic Development Agencies," identifies the Iowa Innovation Corp. as an agency that is connecting businesses to state resources. See page 8 of this document for more information.