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Arizona is the 7th Best State for Business 2014

Arizona, which has been making news of late with the expansion of Apple’s sapphire plant in Mesa, has been cultivating high-tech innovation through its Innovation Challenge, which awards $250,000 to winning companies to start up their business in the sixth largest state.

Previous State: Indiana Next State: Nevada

No. 07 Arizona

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 1.1
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): 0.1

Unemployment

  • Unemployment Rate Dec. 2013 %: 7.6
  • Comparison with Nat’l Rate (6.70%): 0.9

Domestic Migration

  • Domestic Net Migration 2013: 26,417
  • Rank: 6

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 2,080
  • State & Local Gov’t Employees per 10k Residents: 473.1

State-Local Tax Burden

  • Rate (%): 8.4%
  • Compared to Nat’l Avg. (9.9%): -1.45%
Key Companies
  • Freeport-McMoran
  • Avnet
  • Republic Services
Development Trend Indicator: Neutral
Despite coming new Apple factory, has trouble recovering from job losses.
CEO Comments
“Arizona has a negative quality of life due to their very restrictive exclusive atmosphere.”


Based on CEO Survey by ChiefExecutive.net

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

About JP Donlon

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