2026 State Business Climate Index

Policy is lived. Climate is felt. Both show up on the P&L.

Eight years ago, Out Leadership set out to measure something the corporate world had never quantified: what it actually feels like to live LGBTQ+ in each U.S. state, and what that lived experience costs the businesses operating there. The framework was built on a premise that has only sharpened with time. The laws, courts, and political climates that shape an LGBTQ+ person’s daily life are the same forces that shape where companies can recruit talent, retain executives, win contracts, and keep their people safe. The Index measures both at once, year after year, so leaders and lawmakers can see what their decisions actually cost — in dollars, in talent, and in lives.

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