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New Jersey ranks poorly in Rich States, Poor States report

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The sixth-edition of the American Legislative Exchange Council's Rich States, Poor States report is out—and it doesn't paint a pretty picture of New Jersey.

New Jersey sits at No. 45 in its 2014 Economic Outlook Rankingfive spots ahead of New York (which is last at No. 50), but far behind Pennsylvania, which comes in at No. 33.

New Jersey's spot on the Economic Performance Ranking is even worse, coming in at No. 48, ahead of only Ohio and Michigan. New York is No. 35 on this list; Pennsylvania is No. 37.

New Jersey ranked No. 42 on both lists the previous year.

See complete rankings, read the report here http://www.alec.org/publications/rich-states-poor-states/

The rankings are based on comparisons of 15 policy areas. ALEC says it started the rankings because states are looking for ways to improve their economies and competitiveness.

Here are the top ten on each list:

2014 Economic Outlook

10. Wyoming

9. Georgia

8. Nevada

7. Arizona

6. North Carolina

5. Idaho

4. North Dakota

3. Indiana

2. South Dakota

1. Utah

Economic Performance Rank

10. Idaho

9. Oklahoma

8. Arizona

7. Nevada

6. Washington

5. Montana

4. North Dakota

3. Wyoming

2. Utah

1. Texas

The report was written by Dr. Arthur Laffer, the founder and chairman of Laffer Associates, and economic research and consulting firm; Stephen Moore, a member of the editorial board at the Wall Street Journal; and Jonathan Williams, the director for the Center for State Fiscal Reform and the Tax and Fiscal Policy Task Force at ALEC.

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Write to the Editorial Department at editorial@njbiz.com

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