ABSTRACT
This chapter focuses on those issues that can be addressed directly by state and local governments. It discusses each of the four key areas and describes the factors for successful competition, and sets forth specific policy recommendations. These four areas are: Location Costs and Advantages, Labor Force and Human Resources, Telecommunications and Technology and Regulation and Taxation. The rapid and continuing changes in financial markets and the activities of financial firms have created a dizzying atmosphere for public policy makers. Creating a positive policy atmosphere for the growth and development of financial services jobs also has fallen into confusion in recent years. Policy makers must consider a wide range of issues when planning to attract or retain financial services firms. The growing complexity of technological, regulatory, and labor force needs for financial services requires a coordinated response and strategy. The dynamic changes at work in the financial services sector are perhaps most pressing in human resources.
