Washington can strengthen its economy by bringing greater discipline to state spending, creating a predictable and stable tax environment and reducing regulatory barriers to growth, according to a report released this week by the Association of Washington Business (AWB) and Washington Roundtable.
The report captures the shared priorities and recommendations from the Economic Future Solutions Summit, a one-day event in July that brought together more than 150 business leaders, policymakers and economic development experts to create a growth agenda for Washington’s economy.
It marks the next chapter of the Washington in the Making 2040 long-range economic plan that envisions Washington as a top state for starting, growing and selling a business, according to a news release from AWB.
“Following sweeping tax policy changes over the past two years, Washington employers need stability and predictability,” AWB President Kris Johnson said. “This report, informed by business and policy leaders across the state, provides a practical roadmap for growing the economy. Washington has long had an economy that is the envy of the world, but we’re losing ground to other states. We hope policymakers ...