High growth businesses are one of the driving forces of the modern global economy. They are a primary source of job creation, prosperity, and economic competitiveness. New, fast-growing ﬁrms often evolve to become large employers.
As governors look for the best strategies to strengthen state economic performance, many are focusing on the potential of small businesses and new ﬁrms to transform their economies.
Governors are working to advance business innovation and workforce recruitment efforts. We want to help the private sector grow, create new job opportunities for our citizens.
Economic growth is key to our success as governors. That's why my initiative will be "Growing State Economies." The initiative will provide governors and other state policymakers with better policy options to assess the economic environment in their state and strategies designed to foster business growth. A major emphasis will be on understanding how a small business becomes a fast-growing ﬁrm and what policies support that transformation.