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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.
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