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