March 11, 2015

Laboratories for Growing Businesses and Creating Jobs

In New State Ice Co. v. Liebmann, U.S. Supreme Court Justice Louis Brandeis said a “state may, if its citizens choose, serve as a laboratory; and try novel social and economic experiments without risk to the rest of the country.” A recent OLR report describes the range of “economic experiments” states are running to grow businesses and create jobs. These experiments include general strategies providing tax and regulatory relief, programs targeting key business sectors or businesses in specific developmental stages, and comprehensive policies aimed at creating or sustaining local and regional “ecosystems” for growth.