Alabama is the 21st Best State for Business 2012

May 2 2012 by ChiefExecutive.net


No 21: Alabama

No. 21

Alabama

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: -1.10
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -0.76

Unemployment

  • Unemployment Rate Dec. 2011 %: 8.10
  • Comparison with Nat’l Rate (8.50%): 0.40

Domestic Migration

  • Domestic Net Migration ’00-’09: 87,199
  • Rank: 14

State Government

  • Debt per Capita Fiscal Year ’10 ($): 1,841
  • State & Local Gov’t Employees per 10k Residents: 615.31

State-Local Tax Burden

  • Rate (%): 8.50
  • Compared to Nat’l Avg. (9.8%): -1.30
Key Companies
  • HealthSouth
  • Regions Financial
  • Vulcan Materials
Development Trend Indicator: Positive
Change in political control unleashes e!orts to tackle businesses’ concerns.
CEO Comments
“Georgia high Premium taxes. Florida bad business inviorment for insurance companies with tough regulations. Alabama still has some areas where the courts are controlled by plaintiff judges and do not give fair decisions.”

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