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Morning Brief: Colorado Governor John Hickenlooper to Discuss Economic Development Strategies

Photo from https://www.flickr.com/photos/govjohnhickenlooper/albums/72157682596076965 On Tuesday, November 27, Colorado Gov.

This content was originally published by the Longmont Observer and is licensed under a Creative Commons license.

Photo from https://www.flickr.com/photos/govjohnhickenlooper/albums/72157682596076965

On Tuesday, November 27, Colorado Gov. Hickenlooper will discuss how regulatory improvements can foster economic growth in an intimate conversation with New Belgium Brewing founder Kim Jordan. The two will discuss Colorado’s efforts to work collaboratively with businesses to help them navigate and comply with regulatory requirements and support economic development. The event is hosted by The Pew Charitable Trusts.

According to Pew’s new report on the topic, improving regulatory processes has the potential to be a powerful, sustainable, and cost-effective economic development strategy for states. In contrast, tax incentives—states’ primary economic development approach—cost billions of dollars a year and the results are inconsistent. Better regulatory administration, on the other hand, can make government more efficient while providing savings that states can use to lower taxes or invest in more effective programs.

Gov. Hickenlooper’s "Cut the Burden" initiative exemplifies this strategy. It works to facilitate business growth by making government regulations easier to understand and navigate. This statewide effort sets annual goals for reducing compliance costs for businesses, while maintaining a strong commitment to public health and safety. For fiscal year 2017, Colorado agencies saved businesses an estimated $7.9 million and 2.3 million hours, largely by making compliance easier and cheaper.

The event is free and open to the public, but space is limited and registration is required. Join the conversation on Twitter with #PewEconDev.

WHAT: Conversation with Gov. Hickenlooper and Kim Jordan about economic development strategies

WHEN: Tuesday, November 27, 2018 9:15-10:30 a.m. MST

*Breakfast will be served at 8:45 a.m.

WHO: Colorado Gov. John Hickenlooper

Kim Jordan, co-founder, former CEO, and current Executive Chair of the Board of Directors; New Belgium Brewing

WHERE: History Colorado Center, Colorado Room, 1200 Broadway, Denver, CO 80203

RSVP TO ATTEND: Members of the public are invited to register here: http://www.cvent.com/d/1bqxrv


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