Economics Magazine

11 Out Of 15 Best State Business Climates Go To Conservative States

Posted on the 26 February 2013 by Susanduclos @SusanDuclos

By Susan Duclos
While politicians spin, Obama and Democrats insisting that more taxes, more spending and more regulations will save the day and Republicans saying less taxes, less spending and less regulation will strengthen the economy, the public is left with two sides using cherry picked data to argue for their political ideology.
Take the politicians out of the equation and look at the raw numbers, the data, the facts and the American people can see for themselves what is working and what is not.
Excerpts from WSJ:
Economic Trends

These trends point to a U.S. economic future dominated by four growth corridors that are generally less dense, more affordable, and markedly more conservative and pro-business: the Great Plains, the Intermountain West, the Third Coast (spanning the Gulf states from Texas to Florida), and the Southeastern industrial belt.
Overall, these corridors account for 45% of the nation's land mass and 30% of its population. Between 2001 and 2011, job growth in the Great Plains, the Intermountain West and the Third Coast was between 7% and 8%—nearly 10 times the job growth rate for the rest of the country. Only the Southeastern industrial belt tracked close to the national average.
Historically, these regions were little more than resource colonies or low-wage labor sites for richer, more technically advanced areas. By promoting policies that encourage enterprise and spark economic growth, they're catching up.
Such policies have been pursued not only by Republicans but also by Democrats who don't share their national party's notion that business should serve as a cash cow to fund ever more expensive social-welfare, cultural or environmental programs. While California, Illinois, New York, Massachusetts and Minnesota have either enacted or pursued higher income taxes, many corridor states have no income taxes or are planning, like Kansas and Louisiana, to lower or even eliminate them.

The Results
Corridor states took 11 of the top 15 spots in Chief Executive magazine's 2012 review of best state business climates. California, New York, Illinois and Massachusetts were at the bottom. The states of the old Confederacy boast 10 of the top 12 places for locating new plants, according to a recent 2012 study by Site Selection magazine.

There is an old expression..... the proof is in the pudding.


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