Cream Rises to The Top: NC Ranked Best Economic Climate by Forbes

RALEIGH – If there is any remaining doubt that conservative policies generate better economic results, willful ignorance must be at play. After a series of tax reductions, regulatory reforms, and laudable fiscal management emanating from Republican majorities on Jones Street the Old North State is surpassing the ‘Carolina Comeback’ phase and rising straight to the top.

North Carolina is the Best State for Business and the only state to place among the top 20 in all six categories of Forbes’ 2017 economic climate rankings.

The annual ratings by Forbes examine states’ business costs, labor supply, regulatory environment, economic climate, growth prospects, and quality of life to produce the comparisons. North Carolina topped the list for the first time in 2017.

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“The Tar Heel State is the only one to rank among the top five on FORBES’ Best States for Business for 12 straight years, but it never reached the top rung until now.

An improved employment outlook and the second lowest business costs (labor, energy and taxes) have propelled North Carolina to first in our annual ranking, a spot previously only attained by Utah and Virginia since we launched the list in 2006.

[…]

Another plus for North Carolina: the second smallest union workforce in the U.S. in terms of percent of total employment (South Carolina is first). The resulting benefit is labor costs that are 10% below the national average and fifth lowest in the country.”

If Leftists were holding the reigns at the General Assembly, do you think North Carolina would be receiving such accolades? Didn’t think so.

Unfortunately, the author of the write up on our first place finish wastes a lot of digital ink on propagating the myth that House Bill 2 was detrimental to the State’s economy and weighed on its ranking on the list last year…placing it all the way down at number 2.

His sports valuations beat may be to blame as the NBA/NCAA tantrums drummed up by Roy Cooper and Company were overemphasized throughout the whole controversy.

But that’s neither here, nor there. North Carolina is on top because in addition to its hardworking people and natural beauty, we have smart voters that back common sense conservative reforms.

 

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