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.

September 2016

Second Annual Conference on Virginia's Economic Future
Second Annual Conference on Virginia's Economic Future — Some of the nation and state 's top business economists gathered at George Mason University on September 14, 2016 for the Thomas Jefferson Institute's Second Annual Conference on Virginia's Economic Future.

"This conference helps bring the Commonwealth's economic picture into focus," said Jefferson Institute President Mike Thompson, "and it provides some thoughts on policy changes that can help stimulate the kind of economic growth all Virginians want."

Speakers offered national, state and regional economic analysis, capped by a prediction of what the presidential election might mean for private investment outcomes.  Copies of the powerpoint presentations are available below.

National:

Dr. J. D. Foster, Incoming Chief Economist of the U.S. Chamber of Commerce. See powerpoint here.

Dr. Chad Moutray, Chief Economist of the National Association of Manufacturers. See powerpoint here.

State:

Dr. Fletcher Mangum, President of Mangum Economics in Richmond, VA.  See powerpoint here.

Keith Martin, Vice President of the Virginia Chamber of Commerce.  See powerpoint here.

Brett Vassey, President of the Virginia Manufacturers' Association.  See powerpoint here.

Nicole Riley, State Director of the Virginia National Federation of Independent Business (NFIB).  See powerpoint here.

Regional:

Dr. Terry Clower, Director of George Mason University's Center for Regional Analysis.  See powerpoint here.

Private Investor Perspective:

Stephan Cassaday, President of Cassaday & Company, ranked #1 Advisor in Virginia.  See powerpoint here.

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!

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