BRACK: State needs better balance in growing economy
By Andy Brack, editor and publisher | The traditional way states grow jobs is to lure new plants and investment from outside. But that strategy is being challenged by community developers who say it’s smarter to grow from within.
A new report by the Center on Budget and Policy Priorities says states should build strong economies by focusing on “producing more home-grown entrepreneurs and on helping startups and young, fast-growing firms already located in the state to survive and to grow, not on cutting taxes and trying to lure businesses from other states.” The study says new data show home-grown jobs comprise about 80 percent of total jobs created in states.
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