Insight from CBI Washington’s first official trip to Minnesota, part of the CBI’s work to unlock opportunities for UK businesses at the state and local level in the US.
State and local governments are crucial stakeholders when it comes to shaping the environment for foreign investment in the United States. The federal system of the US means that states have significant regulatory autonomy when it comes to issues such as tax, labour policy, and education – issues that businesses need to understand when making investment decisions.
States can also do their own part to influence trade flows, as issues like the mutual recognition of professional services qualifications, workforce skill development, and procurement