North Carolina is 6th on the list of states with the best economic outlook in 2014, according to the latest edition of the Rich States, Poor States, released by the American Legislative Exchange Council. The report says North Carolina, along with Indiana and Michigan, improved in the ranking thanks to recent reforms.
Rich States, Poor States examines the latest trends in state economic growth. The data ranks the 2014 economic outlook of states using 15 equally weighted policy variables, including various tax rates, regulatory burdens and labor policies. The seventh edition examines the trends over the last few decades that have helped or hurt states’ rankings, and states with low tax rates and right-to-work laws are more likely to have a better economic outlook.
Used by state lawmakers across America since 2008, Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index, is authored by economist Dr. Arthur B. Laffer, former Wall Street Journal senior economics writer Stephen Moore and Jonathan Williams.
To download a copy of Rich States, Poor States and to see individual state data, visit www.alec.org/rsps