Thursday, December 05, 2019

NGA to work with Tennessee on business promotion
The National Governors Association (NGA) says it will work with five states –including Tennessee – to help them improve their business regulatory processes to promote economic development. This work will be completed in partnership with The Pew Charitable Trusts. “Our states thrive when business thrives, and decreasing regulatory burdens is one way to ensure continued success,” said Gov. Bill Lee said. “I’m honored to work with my fellow governors to help achieve this goal.” The effort will be part of a two-year policy academy tailored to the needs of each state, to look for ways state government can remove barriers for businesses to launch, grow and succeed. After the two-year project is completed, participating states will have greater capacity to identify and pursue regulatory changes that enable businesses to thrive. Recent Pew research found that states and territories can strengthen their economies by improving regulatory processes. It identifies examples from around the country of state governments reducing compliance costs and boosting economic opportunity for businesses by administering regulations more efficiently and providing greater predictability and clarity in their processes, all while continuing to safeguard public health and safety.

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