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 8 Number 10

No. 9Nevada

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 %: 9.8
  • Comparison with Nat’l Rate (7.80%): 2.0

Domestic Migration

  • Domestic Net Migration ’10-’11: -11,113
  • Rank: 42

State Government

  • Debt per Capita Fiscal Year ’10 ($): 1,646
  • State & Local Gov’t Employees per 10k Residents: 431.9

State-Local Tax Burden

  • Rate (%): 9.3
  • Compared to Nat’l Avg. (9.9%): -0.55
Key Companies
  • Wynn Resorts, Limited
  • Southwest Gas Corporation
  • MGM Resorts
  • Las Vegas Sands
  • NV Energy
Development Trend Indicator: Sideways
Economic slack offers business opportunities, but legislature is hostile.
CEO Comments
“Nevada will grow, improve and succeed partly because of a “suicidal” California on it’s border….the business migration is a “snowball”….”

“Nevada is quickly adopting many of the practices that have driven businesses out of CA, makes you wonder what they are thinking.”

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