More than 2 million people and an estimated $100 billion in wealth relocated to the Southeast United States in 2020 and 2021, according to an Bloomberg analysis released this week. From Bloomberg: For the first time, six fast-growing states in the South — Florida, Texas, Georgia, the Carolinas and Tennessee — are contributing more to

For the first time, six fast-growing states in the South — Florida, Texas, Georgia, the Carolinas and Tennessee — are contributing more to the national GDP than the Northeast, with its Washington-New York-Boston corridor, in government figures going back to the 1990s. The switch happened during the pandemic and shows no signs of reverting.

A flood of transplants helped steer about $100 billion in new income to the Southeast in 2020 and 2021 alone, while the Northeast bled out about $60 billion, based on an analysis of recently published Internal Revenue Service data.

  • Oneser@lemm.eeEnglish
    1·
    1 year ago

    No, that’s an uneducated take on it. It’s standard economics to offer incentives to large companies if you need to increase employment opportunities long term in a region. Look at Ireland post 2008 crash for example.

    All it says is these states/places were not seen as advantageous to large companies prior to incentives.