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 4 Number 6

No. 45Connecticut

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 2.0
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): 0.5

Unemployment

  • Unemployment Rate Dec. 2012 %: 8.2
  • Comparison with Nat’l Rate (7.80%): 0.4

Domestic Migration

  • Domestic Net Migration ’10-’11: -16,848
  • Rank: 45

State Government

  • Debt per Capita Fiscal Year ’10 ($): 8,465
  • State & Local Gov’t Employees per 10k Residents: 537.4

State-Local Tax Burden

  • Rate (%): 10.1
  • Compared to Nat’l Avg. (9.9%): 0.25
Key Companies
  • General Electric Company
  • Xerox Company
  • Aetna Corporation
  • The Hartford Financial Services
  • Stanley Black & Decker
Development Trend Indicator: Neutral
Trying to hold line on taxes and spending but solid-blue state lacks growth.
CEO Comments
“Connecticut is the worst. Poor leadership.”

“Lower taxes and realistic regulations that don’t send businesses elsewhere. Connecticut is at the bottom of the list.”

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