10 Best States for Business 2013: Slideshow

Here’s a look at the best states in which to do business in 2013 and what CEOs had to say about them.

May 6 2013 by ChiefExecutive.net


Number 2 Number 4

No. 3 North Carolina

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 1.8
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): 0.3

Unemployment

  • Unemployment Rate Dec. 2012 %: 9.4
  • Comparison with Nat’l Rate (7.80%): 1.6

Domestic Migration

  • Domestic Net Migration ’10-’11: 41,033
  • Rank: 3

State Government

  • Debt per Capita Fiscal Year ’10 ($): 1,983
  • State & Local Gov’t Employees per 10k Residents: 599.7

State-Local Tax Burden

  • Rate (%): 8.4
  • Compared to Nat’l Avg. (9.9%): -1.45
Key Companies
  • Bank of America Corporation
  • Lowe’s Companies Inc.
  • Duke Energy Corporation
  • Niuco, Progress Energy
  • Reynolds American
  • VF Corp.
  • Goodrich
Development Trend Indicator: Sideways
Still needs to fix tax and regulatory issues that have been holding it back.
CEO Comments
“North Carolina – great new Governor puting together an excellent team. Republican legislature for 1st time in 27 years. Has huge growth potential”

“North Carolina and TN seem to be pro business. NC not only offers incentives to come to the state but have incentives to stay there.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation