Being named to ALEC’s top 10 list is an indicator that Missouri is competing effectively on all fronts.
St. Louis (PRWEB) July 28, 2011
Missouri was recently named among the top 10 states for economic competitiveness according to a study by the American Legislative Exchange Council (ALEC). In this fourth edition of its yearly report, Rich States Poor States, ALEC ranked Missouri ninth overall on the ALEC-Laffer State Economic Competitiveness Index. The index, comprised of 15 state policy variables, helps define ways for states to drive economic growth, create jobs and improve the standard of living for its residents.
“As the economy rebounds, states are digging in. With that kind of environment, you have to be very focused on what matters most to business. Being named to ALEC’s top 10 list is an indicator that Missouri is competing effectively on all fronts,” said David Kerr, Director of Economic Development for the State of Missouri. “With a growing commitment to attracting and expanding businesses, Missouri is using its resources to maintain a high level of economic competitiveness.”
Missouri has risen in the ranks every year since 2008 when ALEC ranked the state at 25. Missouri moved up to 23rd place in 2009 and the 15th place in 2010. This year, in addition to its ninth-place finish, Missouri ranked first in sales tax burden and the amount of estate tax levied.
The American Legislative Exchange Council is the nation’s largest nonpartisan individual membership association of state legislators with nearly 2,000 state legislators and more than 100 alumni members of Congress. The organization’s economic performance ranking is based on 10 years of economic data and takes into consideration income, population and job growth. The 15 policy variables for this ranking included various tax burdens, recently legislated tax changes, regulatory burdens, and labor policy.
About The Missouri Partnership
Since 2007, the nonprofit The Missouri Partnership has worked in concert with state, regional and local economic development groups, as well as private industry, to recruit new companies to Missouri. Through marketing Missouri’s business advantages to companies in the U.S. and overseas, the Partnership seeks to promote Missouri as a top destination for new capital investment and job creation. For more information about The Missouri Partnership visit: http://www.missouripartnership.com.
# # #