NC Economic Competitiveness

The American Legislative Exchange Council (ALEC) unveiled their publication, Rich States, Poor States: ALEC-Laffer State Economic Competitiveness Index. North Carolina fell from 2^nd in 2023 to 4th among all 50 states for Economic Outlook. The Tar Heel State has seen one of the most dramatic turnarounds in the Economic Outlook rankings. After bottoming out in the 26th rank in 2012, a series of policy changes including the adoption of a flat personal income tax and the repeal of the death tax have cemented its position as one of the most competitive states in the country. North Carolina policymakers say they will continue to study and refine the state’s economic strategy.