Republican States Dominate Economic Competitiveness Ratings

In its yearly report Rich States, Poor States, the American Legislative Exchange Council ranks each state on its potential for economic growth based on the fiscal and economic policies it enacts. This every state in the top ten had a Republican governor, and eight of the last ten had a Democratic governor.

From ALEC

Utah again earns the top spot for states with the best economic outlook, followed by North Dakota, Indiana, North Carolina and Arizona, according to the newest edition of Rich States, Poor States. …

The 15 economic policy variables used by the authors to rank the economic outlook of states have shown over time to be among the most influential variables for state growth. The top ten and bottom ten states for 2015 are:

Overall Economic Outlook for 2015

 

 
 
Top Ten Bottom Ten
1. Utah
2. North Dakota
3. Indiana
4. North Carolina       _
5. Arizona
6. Idaho
7. Georgia
8. Wyoming
9. South Dakota
10. Nevada
41. Pennsylvania
42. Maine
43. Montana
44. California
45. Oregon
46. New Jersey
47. Connecticut
48. Minnesota
49. Vermont
50. New York

“The big story this year is the bipartisan embrace of state tax cuts,” said Jonathan Williams, Vice President of the ALEC Center for State Fiscal Reform and co-author of Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index. “States are increasingly realizing the need to become more competitive through fiscal responsibility and free market economic reforms. We anticipate 2015 will be a record year for pro-growth tax reform.”

You can read the full Rich States, Poor States report here.