The Senate Site We’re # 1 (for Economic Outlook).

We’re # 1 (for Economic Outlook).

Posted in 2013, Featured on Thursday, May 23rd, 2013 at 6:09 PM 2 Comments

If Utah’s green jello and snow-capped mountains don’t impress you, maybe this will.

Today (and for the 6th consecutive year), the American Legislative Exchange Council announced that Utah ranks #1 in the nation for Economic Outlook.

What is that, exactly?

From ALEC: The Economic Outlook Ranking is a forecast based on a state’s current standing in 15 state policy variables. Each of these factors is influenced directly by state lawmakers through the legislative process.

Generally speaking, states that spend less—especially on income transfer programs, and states that tax less—particularly on productive activities such as working or investing—experience higher growth rates than states that tax and spend more.

The Economic Performance Ranking is a backward-looking measure based on a state’s performance on three important variables: State Gross Domestic Product, Absolute Domestic Migration, and Non-Farm Payroll Employment—all of which are highly influenced by state policy. This ranking details states’ individual performances over the past 10 years based on this economic data.

From the Press Release:

“Rich States, Poor States examines the latest trends in state economic growth. . . . The sixth edition focuses on the growing momentum in state capitals for fundamental pro-growth tax and pension reform. ”

[This is the good part.]  “Utah’s economic policies have remained strong, and because of their firm commitment to economic growth and competitiveness, they’ve ranked first in all six editions of our report,” said Jonathan Williams, director of the American Legislative Exchange Council’s Center for State Fiscal Reform and co-author of Rich States, Poor States: ALEC-Laffer State Economic State Competitiveness Index.

Read more here.

[UPDATE:] Here’s the Utah Taxpayer’s Association Rich States, Poor States Press Release.

Also topping the list…

Are our friendly sister-states of North Dakota, South Dakota, Wyoming, Virginia, Arizona, Idaho, Georgia, Florida, and Mississippi.

At the bottom of the list? Maine, Montana, Connecticut, Oregon, Rhode Island, Minnesota, California, Illinois, New York, and Vermont.

In the media:

Looking for more coverage/info? Check out these links:

The Salt Lake Tribune: Utah is tops for 2013 economic outlook, ALEC says

Utah Policy Daily: New Study Ranks Utah #1 for Business

Fox 13: Utah ranks #1 for economic outlook

 

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2 Comments to “We’re # 1 (for Economic Outlook).”

  1. […] Here's a link to our previous post on Rich States, Poor States and Economic […]

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