Latest Publications

2024 Oklahoma Scorecard

Simplifying Oklahoma's Personal Income Tax

Simplifying and Cutting Oklahoma's Income Tax Without Blowing Up the Budget

Addressing the Benefits Cliff

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News

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The Foundation Flash

LEA Alumni Lunch Huge Hit! Cohort Application Live!

The Foundation Flash

Shenanigans at the Oklahoma Supreme Court

The Foundation Flash

Time for Oklahoma to Make Love Connection with Economic Development

SCRF focuses on six critical public policy
categories that are the building blocks
of a state’s economic competitiveness

Issues

TAX COMPETITIVENESS

State tax policy plays a critical role in driving a state's economic competitiveness, growth, and overall business climate. By lowering tax burdens and simplifying compliance, states create a more attractive environment for businesses to operate in, which in turn leads to increased investment, job creation, and economic growth.

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EDUCATION & WORKFORCE

A well-educated workforce and a robust pipeline of skilled workers are essential for driving innovation, attracting investment, and promoting economic growth.

A strong education system is essential for preparing individuals for the workforce and providing them with the skills and knowledge they need to succeed in a competitive global economy. States that invest in their education systems and provide their residents with access to quality education can help to ensure that their workforce is well-equipped to meet the demands of a rapidly changing job market.

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INFRASTRUCTURE

The quality of a state's infrastructure—including broadband connectivity, energy costs, and surface transportation like roads and bridges—is vital to its economic competitiveness. States with strong infrastructure are more attractive to businesses, which can lead to increased investment, job creation, and economic growth. Smart, strategic investment in infrastructure is a key step to ensuring a Oklahoma’s long-term prosperity.

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GOVERNMENT BURDEN

As the size of government grows it begins to crowd out private investment, slowing overall economic growth. Moreover, certain types of government encroachment—such as heavy regulation or government competing with businesses within traditionally private industries—impose substantial costs on business that slow economic growth.

By reducing regulations and limiting the growth of the public sector, states create a more business-friendly environment, critical to unleashing entrepreneurship and innovation. Minimizing the burden of state government encourages the development of new products and services, and even the creation of new industries.

LEGAL CLIMATE

A state's legal system plays a crucial role in its economic competitiveness, as it helps to promote the rule of law and ensure consistency and predictability for businesses and residents.

The rule of law is the foundation of a well-functioning society, and it is critical for economic growth and prosperity. When businesses and individuals can rely on the law to protect their rights, they are more likely to invest, create jobs, and participate in the economy. A state's legal system that promotes the rule of law can create a favorable environment for investment, innovation, and growth.

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HEALTHCARE

The cost and supply of healthcare in a state is crucial to its economic competitiveness. A state with a competitive healthcare market that offers a sufficient supply of quality medical services at an affordable cost can provide a significant advantage for its residents and businesses.

When it comes to healthcare, cost is a major factor for both individuals and businesses. High healthcare costs can strain the budgets of individuals and families, making it more difficult for them to save and invest in the economy. For businesses, high healthcare costs can also increase their expenses, making it more difficult for them to remain competitive and invest in growth.