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10 Worst States for Business 2013: Slideshow

Yet again, California takes the title of the worst state in which to do business. Here are the other states that didn’t perform well in this year’s survey.

Number 2

No. 41Maryland

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 0.9
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.6

Unemployment

  • Unemployment Rate Dec. 2012 %: 6.7
  • Comparison with Nat’l Rate (7.80%): -1.1

Domestic Migration

  • Domestic Net Migration ’10-’11: -2,994
  • Rank: 34

State Government

  • Debt per Capita Fiscal Year ’10 ($): 4,250
  • State & Local Gov’t Employees per 10k Residents: 535.2

State-Local Tax Burden

  • Rate (%): 7.6
  • Compared to Nat’l Avg. (9.9%): -2.28
Key Companies
  • Lockheed Martin
  • Constellation Energy
  • Marriott
Development Trend Indicator: Negative
Passed major tax increases, now may boost minimum wage and sick leave.
CEO Comments
“Maryland has a tremendous amount of funding opportunities, business support systems, and a talented and skilled workforce. I believe that it is one of the best states for small businesses in particular.”

“California and Maryland have a ton to do to improve relations with Business. They are driving businesses out of their states”

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

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Chief Executive magazine (published since 1977) is the definitive source that CEOs turn to for insight and ideas that help increase their effectiveness and grow their business. Chief Executive Group also produces e-newsletters and online content at chiefexecutive.net and manages Chief Executive Network and other executive peer groups, as well as conferences and roundtables that enable top corporate officers to discuss key subjects and share their experiences within a community of peers. Chief Executive facilitates the annual “CEO of the Year,” a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of peers, and is known throughout the U.S. and elsewhere for its annual ranking of Best & Worst States for Business. Visit www.chiefexecutive.net for more information.