Strength in Diversity - 2019 Report

Strength in Diversity

Only 7 states out-pace the rest of the country in economic diversity, with Utah and Missouri leading the way (Hachman Index of Economic Diversity, 2017):

  • Utah (96.9)
  • Missouri (96.8)
  • Arizona (95.7)
  • Illinois (95.6)
  • Pennsylvania (95.5)
  • Georgia (95.2)
  • New Hampshire (95)

In short, the more diverse the economy (the higher the index score), the more stable and strong the economy is. Note: a value of 100 would mean the state’s economic activity is distributed exactly like the national average. How economically diverse is your state?

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Charter School Growth

Charter School Growth

Charter school enrollment continues to climb. Yet, there are still a lot of questions and misunderstandings surrounding the differences between charters, private, and traditional schools.

The differences between charter schools, private schools, and traditional public schools are really quite simple. Charter Schools are public schools granted a “charter” by a state or university to specialize in a particular area of focus (i.e., academics / college prep., athletics / dance, military prep., musical / theater arts, etc.). Charter Schools still have to follow all state laws and rules pertaining to traditional public schools and are funded by the state and federal government (charter schools are free). Private schools do not have to follow any state or federal laws and rules.

Thinking about placing a student in a charter school or private school? Biznis Resource can help!

A few additional distinctions between charter schools and traditional public schools are:

  • Charter Schools typically limit class size to 25 or fewer students.
  • Charter School Principals or Directors usually function as the “superintendent” by interacting directly with the school’s Board of Directors.
  • Charter School Boards operate similarly to traditional school boards, only they typically focus on 1 school.
  • Charter School Boards and administrators are accountable to State School Boards and State Superintendents.

What has been your experience? Do you have questions or concerns? Need help finding a good charter school or private school to suit your family and student(s)?

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Opportunities in the West

Opportunities in the West

The highlighted areas mark “economically-distressed” areas designated by Governors in the western states for preferential tax treatment (Tax Cuts and Jobs Act of 2017).

  • 10% exclusion of deferred gains for investments held longer than 5 years
  • 15% exclusion of deferred gains for investments held longer than 7 years
  • 100% exclusion of deferred gains for investments held longer than 10 years Ready to start a business or invest in the West?

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Top 5 States for Private Business Growth

The top 5 businesses for private business growth in 2018 (exceeding $2M in annual revenue) were:

  1. Virginia
  2. Utah
  3. Georgia
  4. Arizona
  5. Massachusetts

More specifically, the businesses highlighted in the chart have logged at least 3 years of 20% or more annual revenue growth! How is your private business doing? How does your state compare?

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