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 4 Number 6

No. 5Indiana

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 1.1
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.4

Unemployment

  • Unemployment Rate Dec. 2012 %: 8.3
  • Comparison with Nat’l Rate (7.80%): 0.5

Domestic Migration

  • Domestic Net Migration ’10-’11: -11,412
  • Rank: 43

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,650
  • State & Local Gov’t Employees per 10k Residents: 536.3

State-Local Tax Burden

  • Rate (%): 11.2
  • Compared to Nat’l Avg. (9.9%): 1.37
Key Companies
  • Eli Lilly and Company
  • Republic Airways Holdings Inc.
  • Wellpoint
  • Steel Dynamics
  • Cummins
  • Nisource
Development Trend Indicator: Sideways
Now trying to monetize friendlier profile resulting from right to work.
CEO Comments
” Indiana is getting more competitive every year and it is boosting the competitiveness of the surrounding states (except for Illinois)”

“Texas, Colorado and Indiana are certainly doing the things in tax and infrastructure to be attrative to business”

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