Skip to content

North Carolina Ranks No. 2 in Economic Outlook Ranking

North Carolina Ranks No. 2 in Economic Outlook Ranking

April 18, 2023

It ranked higher than any other state in the Southeast

North Carolina Ranks No. 2 in Economic Outlook Ranking

North Carolina ranked higher than Florida and other states in the Southeast to place 2nd on the American Legislative Exchange Council’s latest State Economic Outlook Ranking. Florida came in 9th. The only state to rank higher was Utah. The Economic Outlook Ranking is a forecast based on states’ current standing in 15 state policy variables. Each of these factors is influenced directly by state lawmakers through the legislative process. According to ALEC, states that spend less — especially on income transfer programs — and states that tax less — particularly on productive activities such as working or investing — generally experience higher growth rates than states that tax and spend more. North Carolina ranked No. 1 on three of the 15 variables: whether it has an estate or inheritance tax, its state minimum wage, and its right-to-work status. Click here to read the report.
Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

February 3, 2025
Vermont Capitol Update
In his budget address and other public comments, Governor Phil Scott called…
Read More
February 3, 2025
NY Capitol Update: 2025 Executive Budget Proposal
The state has estimated budget gaps of $6.5 billion in 2027, $9.8 billion i…
Read More
January 31, 2025
Gov. Stein Announces $30 Million Grant Program For Small Busine…
Impacted businesses lost $18 billion in revenue because of the hurricane.
Read More
January 30, 2025
General Assembly Reconvenes, Gets to Work
Much of the focus will be recovery from Hurricane Helene.
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility