States that pursue a course based on free enterpriseprinciples fare better economically than those who don't, according to a newstudy prepared by The Praxis Group for the U.S. Chamber of Commerce.
The study was released today at a bipartisan summit ofgovernors, state chamber executives, and leading business people at the U.S.Chamber's headquarters in Washington. Participating governors included TimPawlenty from Minnesota, Jack Markell from Delaware, Bill Richardson from NewMexico, Donald Carcieri from Rhode Island, Rick Perry from Texas, and JoeManchin from West Virginia.
"By embracing many of the strategies at the core ofour free enterprise system-entrepreneurship, open trade, competitive taxrates-states can help jumpstart our economic recovery and create morejobs," said Thomas J. Donohue, president and CEO of the U.S. Chamber."Many of the new ideas, newcompanies and new jobs will come from local initiatives that allow the freemarket to do what it does best."
The study highlights successful state strategies for jobcreation and economic growth. It cites specific examples of innovative statepolicies based on free enterprise that have attracted more business, moreeconomic activity and more jobs.
"By bringing this bipartisan group of governorstogether, the chamber is helping to lead the charge in finding a solution toour nation's challenge of creating jobs and revitalizing the economy,"said Governor Tim Pawlenty, co-chairman of the event.
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