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 7 Number 9

No. 8South Carolina

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 1.2
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.3

Unemployment

  • Unemployment Rate Dec. 2012 %: 8.6
  • Comparison with Nat’l Rate (7.80%): 0.8

Domestic Migration

  • Domestic Net Migration ’10-’11: 22,013
  • Rank: 6

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,419
  • State & Local Gov’t Employees per 10k Residents: 577.2

State-Local Tax Burden

  • Rate (%): 9.2
  • Compared to Nat’l Avg. (9.9%): -0.66
Key Companies
  • Sonoco Products
  • AVX Corporation
  • SCANA Corp.
  • ScanSource
Development Trend Indicator: Sideways
Remains business-friendly but must close its unemployment-fund deficit.

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