Economic Development & Commerce Committee Policy Positions
Governors believe that commerce is the engine of economic development and job creation. Many cylinders power this complex engine, including, but not limited to, capital access, trade and investment, taxation and regulation, research and development and innovation, and collaborations between private firms, academic institutions, federal research laboratories, and the public sector.
Our nation’s multi-modal transportation and related-infrastructure systems support and enhance the economic growth of states and the nation. Infrastructure provides the skeletal network that connects the nation. Together, transportation and infrastructure help sustain quality of life, promote public safety and enable the flow of interstate and international commerce that underpins the United States’ competitive position in the global economy.
Governors support the preservation of public financing - notably tax-exempt financing. Most states utilize public financing to raise capital for a wide range of public projects, some states utilize public-private partnerships, and some states operate on a “pay-as-you-go” basis. By lending money through the purchase of state and locally issued bonds, investors help provide market validation for those projects.