To replace lost jobs and incomes, the economy needs entrepreneurs to fill the void with business startups. During the economic downturn a decade ago, the business startup rate fell and never fully recovered, which contributed to a slow recovery. Even before that, the startup rate had been trending down since the 1980s. That is troubling because startups play crucial roles in the economy. They create most net new jobs. They are a key source of innovation because new products are often pioneered by new companies. And they challenge dominant firms, which helps to restrain prices and expand consumer choices.
This report argues that state and local policymakers should slash regulatory barriers to startup businesses. State governments should repeal certificate of need requirements and minimum wage laws, liberalize occupational licensing and restaurant alcohol licensing, and fully legalize marijuana and hemp businesses. Local governments should reduce and simplify permitting and licensi
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Is Texas’s Affordable Housing Endangered? Not yet, but state and local lawmakers need to act to keep it from going that way.
Texas
Politics and law
Though Texas most recently made headlines because of its epic energy debacle, the state has been seeing a flood of newcomers attracted by many factors, above all the state’s low housing prices. Those low housing prices, however, may not last long. Affordable homes have already almost vanished in many Texas counties. According to data from the Texas A&M Real Estate Center, of all the houses sold in Collin County, a suburban region of Dallas, in 2019, only 4 percent cost less than $200,000 down from 51 percent as recently as 2011. In the Austin metropolitan area, the average house now costs almost $397,000, up from $200,000 in 2011, according to data collected by Zillow.