How Reinventing Regulation Can Boost Economic Growth

A conversation with Colorado Governor John Hickenlooper and New Belgium co-founder Kim Jordan

How Reinventing Regulation Can Boost Economic Growth
How Reinventing Regulation Can Boost Economic Growth
65min 15sec

Improving regulatory processes can be a powerful and cost-effective economic development strategy for states. According to research by The Pew Charitable Trusts, two reforms have the strongest potential to boost state economies: First, states can make it less costly and time-consuming for businesses to comply with regulations. And second, they can partner with businesses to increase compliance and create economic opportunities.

In Colorado, Governor John Hickenlooper has demonstrated the value of these strategies. He has implemented a statewide effort to set and achieve annual goals for reducing compliance costs for businesses while protecting public health and the environment. In 2017, Colorado agencies reported saving businesses 2.3 million hours, largely by eliminating unnecessary administrative tasks and making the experience more user-friendly. The businesses can now put those hours to better use.

Pew will host a conversation with Hickenlooper and Kim Jordan, co-founder of New Belgium Brewing Co., about how states can work collaboratively with businesses to help them navigate and comply with regulatory requirements and support economic growth. The event will take place at History Colorado Center and will be available via webcast.

Speakers:

Governor John Hickenlooper (@GovofCO)

Kim Jordan, co-founder, New Belgium Brewing Co.

Moderator: Michael Thompson, The Pew Charitable Trusts

EVENT DETAILS
Date: November 27, 2018
Time: 9:15 AM to 10:30 AM MST
Location: History Colorado Center
1200 N. Broadway
Denver, CO 80203
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State Strategies to Help Businesses Launch and Expand

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State Strategies to Help Businesses Launch and Expand

State governments can undermine opportunities for investment and job creation when businesses spend too much time or money on inefficient regulatory processes, or when new business projects get delayed because firms don’t understand how to comply with the rules. To address this challenge, state policymakers can focus on two types of reforms.