Georgia’s policies rank it among the top 10 states in its likelihood for growing jobs, according to an economic analysis released Wednesday at noon by the conservative American Legislative Exchange Council.
The report ranks Georgia at No. 9 in terms of 15 variables dealing with taxes and other polices. For example Georgia received high marks for having no inheritance tax, a low state minimum wage and no laws requiring union participation.
The report argues that states with the lowest costs for employers – – especially taxes – – attract more employers and their jobs while states with higher taxes see residents and jobs moving out.
This is the third annual report by the organization of conservative legislators. In the last two years, Georgia was ranked No. 8 for potential. However, it places the Peach State as average at No. 27 in terms of recent economic performance before the recession.
American Legislative Exchange Council