Home » 2014 Best & Worst States » Arizona is the 6th Best State for Business 2013

Arizona is the 6th Best State for Business 2013

Previous State: Indiana Next State: Virginia No. 6Arizona Taxations & Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  % Growth ’10-’11: 1.5 % Growth ’10-’11 v. Nat’l Avg. (1.5%): 0.0 Unemployment Unemployment Rate Dec. 2012 %: 7.9 Comparison with Nat’l Rate (7.80%): 0.1 Domestic Migration Domestic Net Migration …

Previous State: Indiana Next State: Virginia

No. 6Arizona

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 1.5
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): 0.0

Unemployment

  • Unemployment Rate Dec. 2012 %: 7.9
  • Comparison with Nat’l Rate (7.80%): 0.1

Domestic Migration

  • Domestic Net Migration ’10-’11: 13,150
  • Rank: 11

State Government

  • Debt per Capita Fiscal Year ’10 ($): 2,188
  • State & Local Gov’t Employees per 10k Residents: 473.1

State-Local Tax Burden

  • Rate (%): 9.1
  • Compared to Nat’l Avg. (9.9%): -0.77
Key Companies
  • Freeport-McMoran
  • Avnet
  • Republic Services
Development Trend Indicator: Positive
This year sales tax expires and corporate income and property taxes fall.
CEO Comments
“Arizona provides the best economic and social conditions, with room to grow, for business.”

“I’ve met four or five people over the past two weeks who are moving from California to Arizona because of the punitive taxation on the so called rich. The mad exodus has begun.”

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

Previous State: #5 Indiana Next State: #7 Virginia

About JP Donlon

JP Donlon is the Editor-in-Chief of Chief Executive magazine.