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Here Are the Top 5 'Best' & 'Worst' States for Business: Guess Which Ones CEOs Prefer
May 07, 2013
Political implications.
Photo by Chris Hondros/Getty Images.
It appears CEOs prefer doing business in states run by Republican governors, or so says Chief Executive magazine’s ninth annual “The Best and Worst States for Business” survey.
The survey asked 736 CEOs to grade states on a variety of “competitive metrics that CEOs themselves regard as critical,” including taxation and regulation, quality of workforce, and living environment.
“The tax and regulatory grade includes a measure of how CEOs grade a state’s attitude toward business, a key indicator,” the report write-up notes.
“In the minds of most leaders, a state’s friendliness is closely aligned with its tax and regulatory regime. Similarly, workforce quality also measures the perceived cooperativeness of workers with management, as well as the people’s general work ethic and education attainment,” the write-up reads.
“The living environment metric measures the perceived quality of education and public health facilities, as well as the affordability and quality of real estate, the transportation system and related environmental factors,” it adds.
And although three of the top 10 worst states for business are controlled by Republican governors, the top 10 best states, as noted by the Washington Examiner's Charlie Spiering, are allrun by Republican governors.
Here are the top five best states for business:
5. Indiana
Republican Gov. Mike Pence. (Getty Images)
Taxations & Regulations
Workforce Quality
Living Environment
4. Tennessee
Republican Gov. Bill Haslam. (AP photo)
Taxations & Regulations
Workforce Quality
Living Environment
3. North Carolina
Republican Gov. Pat McCrory. (AP photo)
Taxations & Regulations
Workforce Quality
Living Environment
2. Florida
Republican Gov. Rick Scott. (AP photo)
Taxations & Regulations
Workforce Quality
Living Environment
1. Texas
Republican Gov. Rick Perry. (Photo courtesy the Washington Times)
Taxations & Regulations
Workforce Quality
Living Environment
And here are the top five worst states for business:
5. New Jersey
Republican Gov. Chris Christie. (AP photo)
Taxations & Regulations
Workforce Quality
Living Environment
4. Massachusetts
Democrat Gov. Deval Patrick. (AP photo)
Taxations & Regulations
Workforce Quality
Living Environment
3. Illinois
Democrat Gov. Pat Quinn. (AP photo)
Taxations & Regulations
Workforce Quality
Living Environment
2. New York
Democrat Gov. Andrew Cuomo. (AP photo)
Taxations & Regulations
Workforce Quality
Living Environment
1. California
Democrat Gov. Jerry Brown. (AP photo)
Taxations & Regulations
Workforce Quality
Living Environment
Click here to see the full report.
--
Follow Becket Adams (@BecketAdams) on Twitter
Featured image AEI.
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