In Quest to Create Jobs, Some States Get Creative
Olympia, Wash. - In the quest to create jobs, some states are getting creative.
Nevada may hold contests to encourage entrepreneurs. Ohio is giving its liquor profits to a group of business leaders. And Washington and Alabama are "selling" income they don't even have yet.
More than four years after the start of the Great Recession, state lawmakers have few options left to stimulate economic activity. With little room for new spending or tax cuts, several have turned to more imaginative, sometimes quirky, proposals to encourage job growth.
In New York, Gov. Andrew Cuomo's $15 billion plan is a version of traditional jobs programs, but with a twist he calls "entrepreneurial government," which calls for extracting matching commitments from private companies to rebuild 2,000 miles of highways and countless bridges and tunnels.
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