Arizona is the 10th Best State for Business 2012

No. 10 Arizona Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  [...]

May 2 2012 by ChiefExecutive.net


No 10: Arizona

No. 10

Arizona

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: -6.70
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -6.37

Unemployment

  • Unemployment Rate Dec. 2011 %: 8.70
  • Comparison with Nat’l Rate (8.50%): 0.20

Domestic Migration

  • Domestic Net Migration ’00-’09: 696,793
  • Rank: 3

State Government

  • Debt per Capita Fiscal Year ’10 ($): 2,188
  • State & Local Gov’t Employees per 10k Residents: 473.07

State-Local Tax Burden

  • Rate (%): 8.67
  • Compared to Nat’l Avg. (9.8%): -1.13
Key Companies
  • Freeport-McMoran
  • Avnet
  • Republic Services
Development Trend Indicator: Positive
Entrepreneurial activity surges as companies hope for personal-property tax relief.
CEO Comments
“Arizona provides the best bottom line operating environment and the least regulation – so that business needs get met. It’s an overlooked west coast location.”

“Arizona only appears on the surface to be business friendly – for micro mainstreet businesses they appear to do their best to make it difficult to do business in this state – counties and cities are difficult to work around.”

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