Massachusetts is 46th Best State for Business 2014

Previous State: Michigan Next State: New Jersey

No. 46 Massachusetts

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 1.6
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): -0.3

Unemployment

  • Unemployment Rate Dec. 2013 %: 7
  • Comparison with Nat’l Rate (6.70%): 0.3

Domestic Migration

  • Domestic Net Migration 2013: -2,833
  • Rank: 33

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 11,790
  • State & Local Gov’t Employees per 10k Residents: 517.5

State-Local Tax Burden

  • Rate (%): 10.4%
  • Compared to Nat’l Avg. (9.9%): 0.57%
Key Companies
  • State Street Corporation
  • Raytheon
  • The TJX Companies
  • BJ’s Wholesale Club
  • Boston Scientific
  • Smurfit-Stone Container
Development Trend Indicator: Negative
At least state legislature is resisting Gov. Patrick push for highest minimum wage.


Based on CEO Survey by ChiefExecutive.net

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

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