---
title: "ALEC-Laffer Report 2024: Top 10 States for Franchise Growth"
url: https://burnaze.com/article/f8f6c26e-77bf-41dd-8d18-724a7666c336
source: "1851 Franchise"
original_url: https://1851franchise.com/top-10-states-for-franchise-growth-in-2024-insights-from-the-alec-laffer-report-2727705
category: "Franchise Industry"
industry: "Franchise Industry"
topics: ["Finance & M&A"]
published: 2024-11-04T13:08:12.000Z
modified: 2026-11-01T22:33:53.915Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/f16fa32da0fecafccc990af966481bc8658.jpg
---

# ALEC-Laffer Report 2024: Top 10 States for Franchise Growth

**TL;DR:** The 2024 ALEC-Laffer state economic competitiveness index ranks Utah as the top state for franchise growth for the 17th consecutive year, followed by other strong performers like Idaho, Arizona, and North Carolina. These states secured their spots due to their favorable tax systems, strong employment growth, and business-friendly policies.

*originally published in 1851 Franchise on 2024-11-04. [Read the original](https://1851franchise.com/top-10-states-for-franchise-growth-in-2024-insights-from-the-alec-laffer-report-2727705).*

## Story

The 2024 ALEC-Laffer state economic competitiveness index ranks all 50 states by both economic outlook and performance, providing invaluable insights for entrepreneurs and franchise owners looking to expand. The states ranking highest on the list secured their spots due to their favorable tax systems, strong employment growth and business-friendly policies, making them ideal locations for franchise opportunities.

Other strong performers like Idaho, Arizona and North Carolina join Utah, which tops the list for the 17th consecutive year. Each of these states showcases unique strengths, from low corporate tax rates to effective tax changes, cementing their positions as the best places for business growth and franchise success.

Let’s take a closer look at what makes these 10 states stand out for 2024.

**Economic Performance:** 3

**Key Contributors:**

- **Personal Income Tax Progressivity:** $0.39 (Rank 12)

- **Remaining Tax Burden per $1,000 of Personal Income:** $12.27 (Rank 7)

- **Average Workers’ Compensation Costs per $100 of Payroll:** $0.86 (Rank 6)

**Economic Performance:** 2

- **Debt Service as a Share of Tax Revenue:** 3% (Rank 2)

- **State Minimum Wage:** $7.25 (Rank 1)

- **Recently Legislated Tax Changes:** -$12.89 (Rank 1)

**Economic Performance:** 4

- **Remaining Tax Burden per $1,000 of Personal Income:** $9.58 (Rank 1)

- **Public Employees Per 10,000 of Population:** 382.5 (Rank 2)

- **Average Workers’ Compensation Costs per $100 of Payroll:** $0.87 (Rank 8)

**Economic Performance:** 11

- **Top Marginal Corporate Income Tax Rate:** 2.5% (Rank 4)

- **Right to Work State?** Yes (Rank 1)

- **Property Tax Burden per $1,000 of Personal Income:** $20.71 (Rank 9)

**Economic Performance:** 19

- **Public Employees per 10,000 of Population:** 469.8 (Rank 8)

**Economic Performance:** 6

- **Recently Legislated Tax Changes:** -$4.63 (Rank 6)

- **Top Marginal Personal Income Tax Rate:** 0% (Rank 1)

- **Top Marginal Corporate Income Tax Rate:** 2.56% (Rank 5)

**Economic Performance:** 17

- **Personal Income Tax Progressivity:** $0.00 (Rank 2)

- **State Liability System Survey:** 72 (Rank 10)

- **Recently Legislated Tax Changes:** -$2.80 (Rank 15)

**Economic Performance:** 44

- **State Liability System Survey:** 73.1 (Rank 4)

- **Personal Income Tax Progressivity:** $0 (Rank 2)

**Economic Performance:** 32

- **Property Tax Burden per $1,000 of Personal Income:** $17.42 (Rank 4)

- **Top Marginal Corporate Income Tax Rate:** 4% (Rank 7)

- **Debt Service as a Share of Tax Revenue:** 3.57% (Rank 6)

**Economic Performance:** 37

- **Top Marginal Corporate Income Tax Rate:** 4.31% (Rank 8)

- **Estate/Inheritance Tax Levied?** No (Rank 1)

- **State Liability System Survey:** 72.6 (Rank 6)

## Entities

- 1851 Franchise (publication)
- franchise growth (topic)
- Franchise Industry (sector)
- north carolina (location)
- Arizona (location)
- Utah (location)
- Idaho (location)
- ALEC-Laffer (regulator)
- state economic competitiveness (topic)
- tax systems (topic)
- business-friendly policies (topic)

---
Originally reported by 1851 Franchise (https://1851franchise.com/top-10-states-for-franchise-growth-in-2024-insights-from-the-alec-laffer-report-2727705). Summarized by Burnaze (https://burnaze.com/article/f8f6c26e-77bf-41dd-8d18-724a7666c336).