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 5 Number 7

No. 46New Jersey

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

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

Unemployment

  • Unemployment Rate Dec. 2012 %: 9.5
  • Comparison with Nat’l Rate (7.80%): 1.7

Domestic Migration

  • Domestic Net Migration ’10-’11: -54,098
  • Rank: 47

State Government

  • Debt per Capita Fiscal Year ’10 ($): 6,944
  • State & Local Gov’t Employees per 10k Residents: 593.0

State-Local Tax Burden

  • Rate (%): 9.3
  • Compared to Nat’l Avg. (9.9%): -0.61
Key Companies
  • Merck & Co. Inc.
  • Johnson & Johnson
  • Honeywell Interational Inc.
  • Medco Health Solutions
  • Campbell Soup
  • Quest Diagnostics
Development Trend Indicator: Positive
At least now the debate is over which tax to cut rather than to cut or raise taxes.
CEO Comments
“New Jersey is more proactive for business opportunities.”

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