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.

May 6 2013 by ChiefExecutive.net


Number 3 Number 5

No. 44Michigan

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 2.3
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): 0.8

Unemployment

  • Unemployment Rate Dec. 2012 %: 8.9
  • Comparison with Nat’l Rate (7.80%): 1.1

Domestic Migration

  • Domestic Net Migration ’10-’11: -57,234
  • Rank: 48

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,251
  • State & Local Gov’t Employees per 10k Residents: 491.0

State-Local Tax Burden

  • Rate (%): 9.3
  • Compared to Nat’l Avg. (9.9%): -0.58
Key Companies
  • Ford Motor Company
  • Dow Chemical Company
  • Whirlpool
  • Dominos Pizza Inc.
  • Stryker
Development Trend Indicator: Positive
Leap to right-to-work follows business-tax overhaul, with more reforms likely.
CEO Comments
“Michigan is on its way back to fiscal solvency. Our companies are prepared to report profits that have exceeded our original expectations.”

“Michigan’s problem has been poor government and domination by the auto workers union.”

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