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.

March 2017

Jefferson Journal:  Gillespie Tax Plan Makes Good Sense
Jefferson Journal: Gillespie Tax Plan Makes Good Sense — By Michael W. Thompson  Key provisions of Ed Gillespie's proposal for major tax reform includes cutting individual income taxes by ten percent across the board over a three year period, and accelerating reform of an antiquated system of local business taxes that now depresses economic growth and job formation.  The proposal makes a lot of sense.  (3/26/2017)  Read It Here! 

January 2017

Time For a Sweeter Deal on Sugar
Time For a Sweeter Deal on Sugar — When it comes to the sugar trade, there is no free market.  But there should be.  And this paper lays out a proposal that could take U.S. business and consumers on the path  to a level playing field -- one that should appeal to those on the right who favor free markets, those on the left who want fewer government supports for agriculture, and budget hawks who worry about possible future costs from the sugar price support program.  Not coincidentally, it could also provide a template for making better trade deals in other areas. 

Read The Study Here!

Read the News Release Here!

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.


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.


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.


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.


9035 Golden Sunset Lane
Springfield, VA

(703) 440-9447

(703) 455-1531