Chief Executive Magazine announces best, worst states for business
TweetFollow Us on Twitter

Chief Executive Magazine announces best, worst states for business


For the ninth year in a row, CEOs rate Texas as the #1 state in which to do business, according to Chief Executive Magazine's annual Best & Worst States Survey.

Florida, North Carolina, Tennessee and Indiana also made the top five. The states rated worst for business are California, New York, Illinois, Massachusetts and New Jersey.

The Best & Worst States Survey measures the sentiments of CEOs on a range of issues, including regulations, tax policies, workforce quality, educational resources, quality of living and infrastructure. For the 2013 survey, 736 CEOs from across the country evaluated the states between Jan. 16 and Feb. 14, 2013. Ohio was the biggest gainer in this year's survey, rising 13 spots from #35 to #22. \

CEOs say California's poor ranking is the result of a perceived hostility to business, high state taxes and onerous regulations, all of which drive investment, companies and jobs to other states. According to the California Manufacturers & Technology Association, California accounts for 12.6% of total U.S. GDP, but only has a 2.2% share of investments in new and expanding manufacturing sites.

"When you investigate acquiring businesses in some of the states rated poorly for business conditions, the anecdotes all wind up being true," says Kevin Hawkesworth, President & CEO of Florida-based Shaw Development. "The horror stories about these states are real."

"California, Illinois and New York are simply awful states to operate facilities or employ people," according to another CEO. "We will do almost anything possible to minimize our exposure to these anti-business environments."

A common theme among CEOs is the burden of constantly changing regulations.
"Business is too hard without dealing with piles of regulations that are constantly changing," says Rick Waechter, CEO of Boston Magazine. "I believe there have to be controls, but keep them simple and straightforward -- and most importantly, don't make it a moving target."

"CEOs continue to tell us that California seems to be doing everything possible to drive business from the state. Texas Governor Rick Perry, by contrast, personally makes it his mission to lead corporate recruitment and economic development efforts in his state," says J.P. Donlon, Editor-in-Chief of Chief Executive magazine and ChiefExecutive.net.

"The playbook for successful states boils down to three simple moves: engage in real dialogue with business leaders, adapt policies to create an attractive environment, and effectively communicate your story to real job creators," adds Marshall Cooper, CEO of Chief Executive magazine and ChiefExecutive.net. "This year's rankings prove that smart policies result in increased investments, jobs and greater overall economic activity."

 
AAPL
$102.13
Apple Inc.
+1.24
GOOG
$571.00
Google Inc.
-6.86
MSFT
$44.87
Microsoft Corpora
-0.14
MacNews Search:
Community Search:

Latest Forum Discussions

See All
view counter

view counter
view counter
view counter
view counter
view counter
view counter

ALONE... (Games)
ALONE... 1.0.1 Device: iOS Universal Category: Games Price: $1.99, Version: 1.0.1 (iTunes) Description: ALONE is a handcrafted, intense survival journey through space. Navigate caves, rip through rocky debris, dodge rocks and comets and test your endurance as you pursue ever higher scores in this ultra fast, procedural runner.... | Read more »
Almightree: The Last Dreamer (Games)
Almightree: The Last Dreamer 1.0 Device: iOS Universal Category: Games Price: $1.99, Version: 1.0 (iTunes) Description: The world is shattering and you are the only hope to restore the balance. A thrilling and challenging 3D puzzle platformer game. Find your way to awaken the Almightree while racing with calamity. | Read more »
The Nightmare Cooperative (Games)
The Nightmare Cooperative 1.1 Device: iOS Universal Category: Games Price: $3.99, Version: 1.1 (iTunes) Description: Fiendishly difficult! Adorably cute! Utterly engrossing!How much gold can you get before your entire team is destroyed? IT'S NEVER ENOUGH! | Read more »
Mobile Convolution (Music)
Mobile Convolution 1.0.0 Device: iOS Universal Category: Music Price: $9.99, Version: 1.0.0 (iTunes) Description: | Read more »
Invaders! From Outer Space Review
Invaders! From Outer Space Review By Rob Thomas on August 27th, 2014 Our Rating: :: RETRO NOSTALGIAUniversal App - Designed for iPhone and iPad It’s a shame that Invaders! doesn’t offer deeper gameplay, as this retro-inspired remake’s presentation is dripping with nostalgic flavor.   | Read more »
Spooklands Review
Spooklands Review By Jennifer Allen on August 27th, 2014 Our Rating: :: ONE-TOUCH SHOOTERUniversal App - Designed for iPhone and iPad One-touch simultaneously controls your direction and your weapon in this unique arena shooter.   | Read more »
Heroes of Order & Chaos Add Twitch I...
Heroes of Order & Chaos Add Twitch Integration, New Heroes, and More Posted by Ellis Spice on August 27th, 2014 [ permalink ] | Read more »
Foodie Yama Review
Foodie Yama Review By Jennifer Allen on August 27th, 2014 Our Rating: :: BRIEFLY HOOKSUniversal App - Designed for iPhone and iPad Foodie Yama will draw you in for a brief while, and you’ll never be entirely sure why.   | Read more »
Spotify Connect Turns One, Now Supports...
Spotify Connect Turns One, Now Supports New Devices Posted by Ellis Spice on August 27th, 2014 [ permalink ] Universal App - Designed for iPhone and iPad | Read more »
The Rise of PicsaStock and How You Can M...
We all take plenty of photos, right? That’s the joy of having a reasonably powerful camera in your pocket, thanks to your trusty iPhone and a bevy of similarly useful apps. Wouldn’t it be great to make some money out of those snaps? While your selfies might not garner much attention, there’s sure to be some great shots that will appeal to someone... | Read more »
All contents are Copyright 1984-2010 by Xplain Corporation. All rights reserved. Theme designed by Icreon.