CENTERS for

Economic Development

The key to a growing economy is increased economic development and a decrease in government intrusion into the market place. As the old saying goes, "A rising tide lifts all ships." That theory applies to economic development. If a vibrant economy is available to Virginia, then everyone benefits -- more people are employed and the tax base allows for adequate funding for government programs. Government policies and actions impact on future economic development and this Center looks at specific issues impacting on economic development based up the Mission Statement of the Thomas Jefferson Institute.

February 2016

Jefferson Journal:  Renting Private Rooms Makes Sense
Jefferson Journal: Renting Private Rooms Makes Sense — By Michael Thompson  The General Assembly is debating how best to allow private homeowners to rent their extra bedrooms on a short term basis.  That decision may be made this year or next, but it is an important one in this changing economy.  Here's why its a good idea ... and some issues that need to be considered.  (2/23/2016)  Read It Here!

January 2016

Jefferson Journal:  Governor's Corporate Tax Cut Will Have Little Impact
Jefferson Journal: Governor's Corporate Tax Cut Will Have Little Impact — By Michael Thompson  Governor McAuliffe has proposed a quarter of one percent cut in the corporate income tax rate (from 6 perent to 5.75 percent).  This puny tax cut will have a minimal impact on economic growth.  Indeed, it will only create 280 new jobs in five years.  Read More Here!

September 2015

Tax Restructuring in Virginia:  September 2015 Update
Tax Restructuring in Virginia: September 2015 Update —

The Institute has updated its Tax Restructuring in Virginia study, offering 23 different revenue-neutral economic scenarios to expand the state's economy and create more private sector jobs.  A summary was sent to all candidates in this year's General Assembly races in a letter co-signed by the Virginia Manufacturers Association, the National Federation of Independent Business, and the Virginia Retail Federation.

Read the Updated Study Here!

Read the Letter to Candidates Here!

  More

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