Two revealing studies, recently published by the Milken Institute, provide a look into what has worked, and what needs to be done to ensure solvency with local governments. The first study, titled “Best-Performing Cities 2010 Where America’s Jobs Are Created and Sustained” has 5 of the top 10 Metro Areas in Texas.
The second study, titled “Ensuring State and Municipal Solvency” is a Financial Innovations Lab Report. Financial Innovations Labs bring together researchers, policymakers, and business, financial, and professional practitioners to create market-based solutions to business and public-policy challenges. Using real and simulated case studies, participants consider and design alternative capital structures and then apply appropriate financial technologies to them.
The Small Business & Entrepreneurship Council recently published “Final Scorecard Version Oct 6 2010” with ratings of congressional votes supporting or hurting small businesses. It would be interesting to compare the three different studies to see if there is a correlation with the local success compared to the congressional votes.