Unlocking the Digital Potential of Rural America
March 2019
Unlocking the digital potential of rural America is vital to economic growth. While accounting for nearly 15% of the adult population and covering over 72% of the land, annual revenues of businesses located in rural areas make up less than 10% of the U.S. economy. The use of digital technologies, including access to high-speed internet and online tools, is gaining popularity …
Regulations Hinder Economic Growth
February 2019
Productive, innovative, competitive economies require smart and well-considered regulation.
Assessing the Impact of Alternative Repayment Rate Policies on Educational Institutions and Students
January 2019
Policymakers are considering new measures to determine federal financial aid eligibility for post-secondary education. As proposed policies are introduced and debated, decisionmakers must consider any negative unintended consequences. In this study …
Economic Impact of Wait Times for Commercial Drivers
January 2019
Commercial vehicle drivers are in high demand within the trucking and bus industries. In fact, the American Trucking Association estimated that there was a shortage of 50,000 truck drivers in 2017. Using available data of 33 states, we estimated that nearly half of the estimated 669,688 initial CDL skills tests and retests experienced …
Prescription Drug Supply Chain Profitability
October 2018
When it comes to the topic of rising drug prices, critics often focus on the high profits of biopharmaceutical manufacturers, not the profitability of the supply chain. Although the profit margins of manufacturers seem higher than companies along the supply chain, a closer look reveals a very different conclusion.
The Economic Benefits of Online Lending to Small Businesses and the U.S. Economy
May 2018
Small businesses are vital for America. However, these businesses routinely lack access to necessary capital to maintain and expand operations. Online lending fills this critical gap for small businesses. The economic impacts realized by small businesses …
Food Truck Nation: Food Truck Index
March 2018
Food trucks continue to be vehicles for entrepreneurial opportunity and economic growth. Government regulators, though, have been slow to adapt their rules to this new breed of entrepreneur. From Boston to Washington, and San Francisco to Seattle, food trucks today continue to navigate tangled bureaucracies and costly processes. With the U.S. Chamber of Commerce Foundation …
The Economic and Social Impact of the Animal Health Industry
February 2018
The U.S. animal health industry is a global leader in developing and producing medicines for companion and food-producing animals. In the U.S., the industry’s products improve the health of nearly 10 billion companion and food-producing animals, resulting in significant economic and social benefits for Americans.
Interoperability and the Internet of Things
December 2017
The Internet of Things (IoT) is growing exponentially. Government, businesses, and individuals all rely on technology and devices to improve efficiently, increase security, and improve daily life. For consumers, these benefits are largely realized in two verticals: home and auto IoT. In both verticals, interoperability is key to realizing the full value of IoT.
IP-Intensive Manufacturing Industries: Driving U.S. Economic Growth
September 2017
Recent R&D and economic data across industries once again confirm the crucial role of innovation on long-term economic productivity and growth. IP-intensive industries outperformed non-IP intensive industries across key economic measures. Workers in innovative industries disproportionately create more economic value and earn …