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 3 Number 5

No. 4Tennessee

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 1.9
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): 0.4

Unemployment

  • Unemployment Rate Dec. 2012 %: 7.6
  • Comparison with Nat’l Rate (7.80%): -2.0

Domestic Migration

  • Domestic Net Migration ’10-’11: 20,328
  • Rank: 7

State Government

  • Debt per Capita Fiscal Year ’10 ($): 922
  • State & Local Gov’t Employees per 10k Residents: 527.8

State-Local Tax Burden

  • Rate (%): 10.0
  • Compared to Nat’l Avg. (9.9%): 0.16
Key Companies
  • FedEx Services
  • International Paper Company
  • Dollar General
  • Unum Group
  • Autozone
Development Trend Indicator: Positive
Prospect of worker’s compensation reform makes it shine even brighter.
CEO Comments
“Tennessee has excellent people for manufacturing and can attract high quality professionals. It has a very high quality of living and a low cost of living. Logistics are great with great access to a larger percentage of the population with in an 8 hour truck haul.”

“Tennessee has a strong business climates and excellent educational systems. Tennessee promotes business & they want to help ongoing and new business.”

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