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 5 Number 7

No. 6Arizona

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 1.5
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): 0.0

Unemployment

  • Unemployment Rate Dec. 2012 %: 7.9
  • Comparison with Nat’l Rate (7.80%): 0.1

Domestic Migration

  • Domestic Net Migration ’10-’11: 13,150
  • Rank: 11

State Government

  • Debt per Capita Fiscal Year ’10 ($): 2,188
  • State & Local Gov’t Employees per 10k Residents: 473.1

State-Local Tax Burden

  • Rate (%): 9.1
  • Compared to Nat’l Avg. (9.9%): -0.77
Key Companies
  • Freeport-McMoran
  • Avnet
  • Republic Services
Development Trend Indicator: Positive
This year sales tax expires and corporate income and property taxes fall.
CEO Comments
“Arizona provides the best economic and social conditions, with room to grow, for business.”

“I’ve met four or five people over the past two weeks who are moving from California to Arizona because of the punitive taxation on the so called rich. The mad exodus has begun.”

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