Growing the State Economy: Evidence-Based Policy Options

fis27_240x240The economy may be undergoing one of the most fundamental transformations in history. According to the Wisconsin Taxpayers Alliance, Wisconsin ranks low compared to other states in new business creations and venture capital per worker. Wisconsin has seen plants close, jobs lost, and per capita personal income steadily decline. In 2006, per capita personal income in the state was 5.9% below the U.S. average—the lowest level since the late 1980s. As the economy has changed, what is the role of state policy in responding to these changes? Are there evidence-based polices that can strengthen the state economy?

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