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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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