Economic Development

Overview

Overview

The Great Lakes St. Lawrence regional economy generates nearly $6 trillion each year.  If it were its own country, the region would rank as the world’s third largest economy, behind only the United States and China.  The Governors and Premiers are working together to strengthen the region’s economy and improve its international competitiveness.  Through the Conference, they are pursuing several complementary initiatives that build on their long-standing partnership to boost regional exports:

Economic Task Force

For the first time, the Great Lakes St. Lawrence Governors & Premiers created a regional Economic Task Force to foster cross-border trade and grow industry clusters. Chaired by Ohio Lieutenant Governor Mary Taylor, the Task Force is leading an effort to establish the region as a global center of excellence for cutting edge connected and autonomous transportation. This includes creating a regional Marine Autonomy Coalition and a partnership with the sector’s global leaders in Norway to support the development and deployment of autonomous vessel technology. Continuing work on connected and autonomous vehicles will also help cement the region as the place for technology and service providers to create the future in transportation.  For more information on resolutions announced at the 2017 Great Lakes St. Lawrence Governors & Premiers' Leadership Summit please click HERE.

Foreign Direct Investment

The Great Lakes St. Lawrence Governors & Premiers are collaborating to attract more foreign direct investment in the Great Lakes region, a key driver for economic growth and job creation.  Click here to access the "Invest in the Great Lakes" website.

Procurement 

The Great Lakes St. Lawrence Governors & Premiers are working toward more open procurement policies within our region.  More open and transparent procurement markets can help enhance economic competitiveness and strengthen the regional economy.   Click here to view the Great Lakes St. Lawrence Governors & Premiers' "U.S. Canada Trade" resolution.