Raleigh, N.C. – “No state’s economy is on more solid ground than the Tar Heel state,” according to the latest national economic standings released by the Consumer News and Business Channel (CNBC) Wednesday that ranked North Carolina third in the United States.
“The housing market is healthy and state finances are sound,” the rankings noted.
“The state attracted some $2.6 billion in venture capital in 2018, the 6th highest figure in the nation. It is also attracting skilled workers, who are moving to North Carolina in droves.”
State House Speaker Tim Moore (R-Cleveland) noted the state’s rapid economic growth and solid financial standing were the result of tax relief and smart budget reforms passed by the General Assembly that are being blocked by Gov. Roy Cooper, who has never signed a state budget.
“These powerful results for North Carolina’s economy are no accident – they are the result of responsible tax relief and budgets passed by the General Assembly that Gov. Cooper has repeatedly attempted to block,” Speaker Moore said.
“The national recognition of North Carolina’s economic success compels us to stay on the right track with smart state budgets and tax reforms that attract growth.”
“I call on Governor Cooper to stop blocking state budget funds and tax relief that will maintain our state’s successful approach to creating jobs and growing the economy.”