CNBC’s annual ranking of states shows that 8 of the top 10 ranked by economic development are Red States, and 9 of the top 10 ranked by business-friendly policies are Red States.
“This should not come as a surprise, as woke ideology continues to hurt these bigger blue states,” said RedBalloon CEO Andrew Crapuchettes. “While much of the blue world is focused on DEI and other woke virtue signaling, businesses are self-selecting those states that focus on policies that help businesses grow and thrive in today’s tough economy.”
The free-market needs freedom to thrive. That means lower taxes, less regulation, strong infrastructure, and an educated, work-ready workforce. That’s why it should also be no surprise that the bottom 10 in pro-business policies include two of the nation’s largest states: New York and California.
“There’s an ongoing exodus from New York and California to places like Florida and Texas,” continued Crapuchettes. “We’ve labeled this the great sort, as businesses and families seek out more friendly policies in which to establish their roots.”
“This helps explain how California went from a $55 billion budget surplus last year to a $32 billion deficit this year,” said Crapuchettes. “As more producers leave the state, the higher the percentage of those who draw resources from the government.” Top Ten States for Economic Development
Florida
Texas
North Carolina
Georgia
Tennessee
Utah
South Carolina
Idaho
Indiana
Delaware
Top Ten Business Friendly States
North Dakota
South Dakota
Wyoming
Montana
New Hampshire
Virginia
Utah
Nebraska
Nevada
North Carolina
To see the full list, click HERE.
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