FOR IMMEDIATE RELEASE
July 13, 2021
Logan Elizabeth Padgett
The James Madison Institute Releases New Brief on Permissionless Innovation
TALLAHASSEE – On the eve of the 2021 Tech and Innovation Summit, The James Madison Institute’s (JMI) Center for Tech and Innovation today released a new policy brief entitled “Permissionless Innovation: A Pro-Growth Policy Vision and Plan for Florida” outlining the concrete steps that Florida policymakers can take to embrace permissionless innovation.
The brief explains that embracing a posture of permissionless innovation is a key determinant of technological development and growth. As states like California and New York continue to implement hostile precautionary measures that prompt firms to reevaluate their positions, Florida has a great opportunity to enshrine permissionless innovation policies and law to encourage new, groundbreaking industries to come to the Sunshine State.
The state of Florida boasts a highly competitive fiscal environment, yet Florida can improve its regulatory posture to be even more competitive. To cement a regulatory environment that is conducive to growth and innovation, the state should both look to improve upon backwards-looking reforms, such as our established regulatory review commission, and consider forward-looking reforms that encourage a more nimble and appropriate regulatory framework.
“Florida has all the right ingredients to create long-lasting regulatory processes that can deliver a welcoming space for growth and innovation. Our forward-looking leadership has rolled out cutting-edge governance models such as regulatory sandboxes and cost benefit analyses that other states have yet to even consider. Through implementing simple regulatory policies, Florida can cement our governance successes and ensure that the Sunshine State radiates a welcoming environment for dreamers and innovators for generations to come.” – Andrea O’Sullivan, Director, Center for Tech and Innovation, The James Madison Institute.