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new state governors

Media Contribution: Gubernatorial Shift – New Economic Development Policies

new state governors

David Hickey, Senior Director, was recently featured in Area Development, a leading industry magazine covering corporate site selection and relocation. Gubernatorial Shift: New Economic Development Policies provides an extensive overview of the proposed policies of the eight new state governors taking office in 2017. These new state leaders come from diverse backgrounds and have distinct views on how to address the challenges facing their constituents.  Featured below are the highlights of each state’s new leaders and their perspectives on economic development. To enjoy the full article, click here.

States with New Leadership
  • Delaware — John Carney, former U.S. Representative for Delaware
    • Asking the public to weigh in on the “Budget Reset”
    • Believes economic development targets should be the focus
  • Indiana — Eric Holcomb
    • Proposed an additional $4 million for the Regional Cities Initiative
    • Heavy focus on infrastructure spending, including a fourth water port in southeastern Indiana
    • $2 million investment to create regional Jobs Ready Grants to help state residents receive credentials or certificates for more skilled and highly paid jobs
    • Proposed establishing a Superintendent of Public Instruction, governor-appointed position
  • Missouri — Eric Greitens
    • Signed an executive order that created a special review committee for an extensive audit of Missouri’s tax incentive programs
  • New Hampshire –Chris Sununu, son of former NH Governor John H. Sununu
    • Top priority is the state’s economy
    • Expanding investment in education
    • Creating a new department built specifically for businesses, housing the state’s economic development division
  • North Carolina — Roy Cooper, former state attorney general
    • Estimated budget surplus of $552.5
    • Targeting the repeal of House Bill 2 (HB2)
    • Releasing a formal budget proposal in the coming weeks
  • South Carolina — Henry McMaster, former lieutenant governor
    • Top priorities are the state’s infrastructure, economic development and education
    • Disputes on how to fund infrastructure development (many support increased gas tax, others call for borrowing)
    • Proposed: casino gambling
    • McMaster submitted request to President Trump for $5.18 billion to help support these infrastructure challenges
  • Vermont –Phil Scott, former lieutenant governor
    • Presented a balanced budget that does not increase taxes or cut programs
    • Proposed initiatives: strategic investments in workforce development and funding training and retraining support for residents
    • Supports an increase for the downtown and village-center tax credits to encourage investment in co-working spaces
  • West Virginia — Jim Justice
    • Focusing on economic and fiscal challenges facing West Virginia
    • WV has a projected budget shortfall estimated at $500 million for FY’18
    • Believes tourism needs to be focused on as it brings $4billion in direct spending to the state annually
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