Lesson 50-Marketing a State
In what two ways do governors and other state officials help state economies by making official trips to foreign companies?
to recruit potential business to relocate in their state and to open up new markets for products that companies the state produce
Why do state governments try to encourage economic growth?
in order to generate more revenue for the state and to create more and better paying jobs for its citizens
What is the most important asset for any company?
its people
How many dollars are estimated to be spent by tourists in the United States each year?
$1.5 trillion
What types of infrastructure can state governments provide in order to help businesses be successful?
roads, bridges, utilities, and other services
What kind of tax incentives do states sometimes offer a business?
Not requiring a new business to pay business or property taxes for a few years, low-interest loan or grant and assistance in finding suitable property
Most job growth within a state comes from what types of businesses?
Small businesses
What growing tourist industry is mentioned in the lesson?
agritourism
How do states promote tourism?
by having websites, social media accounts, printing out brochures and placing them in rest areas, restaurants, magazines, billboards