From: CSG-WEST
To: Dean Sanpei,
Subject: CSG-WEST Regional Roundup
Date: Tue Aug 27 22:31:44 MDT 2013
Body:

     

The Council of State Governments - WEST

 

August 27, 2013

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More Effective State Economic Development Efforts


By:Rich Lindsey, CSG-WEST Policy Consultant

 

Research cited in two reports put out recently by the National Governors Association Center for Best Practices give states some valuable guidance when looking at the effectiveness of current economic development efforts.  There are five primary research points of note.

 

First, the majority of economic growth in state economies today comes from companies that are already doing business in the state.  Data indicates that only 2% of growth comes from companies recruited to a state.  These facts can help state leaders in determining how economic development budgets should be allocated between in-state assistance to businesses and out-of-state business recruitment.

 

Second, encouraging entrepreneurship plays a critical role in growing state economies.  In particular, states need to encourage entrepreneurship at all education levels and targeted age groups.  This is important because across the country data currently shows that more startup companies come from the 55-64 age groups than the 25-35 groups.  This information can again assist in budget allocation of resources and can provide a blueprint for increasing program success by targeting and tailoring assistance.

 

Third, states need to focus their business assistance efforts on companies that are experiencing high growth today or that demonstrate potential growth in the near term.  Meeting these targets will require solid evaluation metrics for development analysts.  Metrics, for example, must account for differences in the age of a companies and what economic sectors they fall within, two characteristics that have proven to be key in finding potential success in assistance programs.

 

Finally, states that have been successful with their economic development programs have had more private sector participation from CEOs from startup and high growth companies.  Involvement has not come from soliciting funding from companies to augment state efforts but from drawing upon CEO business expertise and experience.  These states have also demonstrated the willingness to foster collaboration across state agencies, universities, states and even regions.

 

As state budgets become tighter, as with any budget expenditure, legislators need to know how resources can be spent to maximize program results.  The findings above and others that can help state development agencies navigate efforts more efficiently can found in following two reports: Growing State Economies: Twelve Actions and Redesigning State Economic Development Agencies.  

Reclamation Makes Changes to
Colorado River Operations Due to Drought
By: Hans Poschman, CSG- WEST  Policy Analyst
CSG-WEST Annual Meeting participants
on a policy tour at the Hoover Dam

The U.S. Bureau of Reclamation (Bureau) announced that it will reduce releases from Lake Powell into Lake Mead for the first time. 7.48 million acre-feet of water will be released for the water year ending September 2014, down from usual release of 8.23 million acre-feet. The reduction is a result of a historic drought that is the worst 14 year drought period in the last 100 years.  This is the first time that the Bureau has had to take action based on the 2007 Colorado River Interim Guidelines for Lower Basin Shortages and Coordinated Operations for Lake Powell and Lake Mead.

 

The change will not result in reduced deliveries from Lake Mead as the Lower Colorado River Basin states and Mexico will receive their full water orders for 2014. Based on the Bureau's hydrological models there is a very small chance that water deliveries could be reduced in 2015. However, if the drought continues, the chances for reduced deliveries in 2016 increase significantly.

 

Under the 2007 agreement, if the water levels in Lake Mead drop below 1,075ft the Bureau will reduce deliveries to the Lower Colorado River Basin. The reductions would result in a 11 percent cut for Arizona, a 4 percent cut for Nevada, and a 3.8 percent cut for Mexico; California would still receive its full allocation of water. As the water level drops in Lake Mead additional delivery reductions will occur when the level drops beneath 1,050ft and 1,025ft.

 

Additional Resources:

 

Colorado River Interim Guidelines for Lower Basin Shortages and the Coordinated Operations for Lake Powell and Lake Mead

 

Press Release: Bureau of Reclamation Forecasts Lower Water Release from Lake Powell to Lake Mead for 2014

 

Colorado River Basin; 24-Month Study Report 

CSG National Meeting

 

Good news! There is still time to take advantage of discounted registration and hotel rates for theCSG 2013 National Conference in Kansas City, Mo. Deadlines for early registration and the hotel room block have been extended to Sept. 3. Don't miss out on the opportunity to hear from nationally renowned speakers likeDavid McCullough and Nate Silver, attendsessions on the highest priority policy issues facing the states and network with state officials from across the country. Register today!

  

Conference Registration  

Please visit the conference registration page for more information or to register. 

 

Hotel   

Please make your reservations by calling (800) 937-8461 and asking for the CSG room block or by reserving online to receive the group rate. In order to receive the group rate, reservations must be made by Sept. 3. CSG cannot guarantee the group rate after Sept 3 and cannot guarantee the group rate for dates outside Sept.18-22. 

 

Rate: $139 plus 15.35 percent tax

 

Get Conference Updates by Text  

Attendees can opt in to receive text messages regarding the CSG 2013 National Conference at https://www.call-em-all.com/join/csg.kc13 or by Texting "CSG.kc13" to 292929. Standard messaging charges apply.

 

Questions About the Conference?

Contact CSG at (800) 800-1910 or  registration@csg.org

The mission of CSG-WESTis to facilitate regional, nonpartisan cooperation and exchange of information, and to strengthen legislative institutions among our 13 member states. These services are achieved through a variety of programs and services offered to legislators and their staff, including the convening of policy forums, professional development training, international relations opportunities, publications and institutional links with other political entities in the West.
 

CSG-WESTserves the Western legislatures of Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming. Associate members include the Canadian provinces of Alberta and British Columbia and the Pacific islands of American Samoa, the Commonwealth of the Northern Mariana Islands and Guam. 

This email was sent to dsanpei@le.utah.gov by csgw@csg.org |  
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