Thinking About Relocating? Which States Have The Best and Worst Economic Promise? Find Out ...

The State of Utah came in at the top of the list

Looking to move to a new state? If you want to go where the new industries and jobs are likely to sprout up, may we recommend Utah.

For the eighth straight year, Utah finishes first in our new 2015 ALEC-Laffer economic competitiveness ranking of states. If the mountains of the Northwest aren't an attraction for you, other states we predict will have a bright economic future include Indiana, North Carolina and Arizona.

And a word to the wise: Stay out of California, New York, New Jersey and Connecticut. They've ranked at the bottom nearly every year, and it shows: In the past decade, nearly 3.5 million more Americans have moved out of these states than have moved in. They are falling stocks: Sell them.

Illinois used to be one of the big-loser states, but the expiration of massive tax hikes under former Gov. Pat Quinn and budget reforms that new Gov. Bruce Rauner is adopting have made the future a little brighter for the Land of Lincoln. Leadership matters.

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Many liberal economists and think tanks swear that none of the factors in our index — taxes, spending and debt levels, right-to-work laws, worker-compensation costs and other policy variables — have any impact on jobs and incomes. But here's just one statistic to think about: Roughly 1,000 Americans are moving from the highest to the lowest tax states every day.

Since many of the low-tax and right-to-work states are in the South and the high-tax, forced-union states tend to be congregated in the North, the economic center of gravity is shifting toward Dixie. We often hear that this migration is because of the weather, but then why has California gotten clobbered over the last decade?

There are always a few states — such as Vermont — that routinely perform better than our index would predict and others that perform worse — such as Alabama. There are hundreds of factors that influence why some places grow faster than others.

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