31 Governors Sign Bipartisan Compact to Boost Entrepreneurship
Event summary
- 31 U.S. governors from both parties signed the bipartisan Governor's Compact on Entrepreneurship, a historic commitment to prioritize entrepreneurship.
- The compact was created by Oklahoma Governor Kevin Stitt during his term as Chair of the National Governors Association.
- The initiative is part of the America the Entrepreneurial campaign, which has inspired over 1,800 civic actions in six months.
- The compact outlines practical actions governors can take to support entrepreneurship in their states and territories.
The big picture
This bipartisan initiative underscores the growing recognition among state leaders that entrepreneurship is a key driver of economic growth and job creation. With new and young businesses generating virtually all net job growth in the U.S., the compact represents a strategic shift towards fostering innovation and reducing poverty through state-level policies. The involvement of governors from diverse political backgrounds highlights the non-partisan appeal of entrepreneurship as a civic priority.
What we're watching
- Policy Implementation
- How governors will translate the compact's commitments into meaningful reforms and practical policies.
- Bipartisan Momentum
- Whether the remaining governors will join the compact, expanding its reach and impact.
- Economic Impact
- The pace at which increased entrepreneurial activity correlates with job growth and poverty reduction.