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Author Archives: J.P. Donlon

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

Patents’ Prince Charming

There are 2.2 million U.S. patents in force and less than 10 percent of them are generating any licensing revenue. Jay Walker thinks his latest venture will awaken our economy’s “Sleeping Beauty” patents, which can be leveraged as springboards to innovation, business expansion and greater economic competitiveness.

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Ohio is the 27th Best State for Business 2014

Under the previous governor, Scott Walker, Ohio became the No. 5 job creator in the nation and the No. 1 in the Midwest. Unemployment is now 6.5%, lowest in Ohio since June 2008. Likewise, Ohio has gone from an $8 billion deficit to a $1.5 billion surplus over the same period.

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Hawaii is the 43rd Best State for Business 2014

Tourism for the first quarter was down slightly from the same period last year. Hawaii lawmakers passed an increased minimum wage bill earlier this year, increasing it from $7.25 to $10.10. And in April, the governor approved a bill that would allow the University of Hawaii to grow a crop of hemp, for use in biodiesel. The program should provide new jobs on the island.

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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.

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South Carolina is 5th Best State for Business 2014

By improving South Carolina’s business-friendly climate and developing the skills of the workforce, companies like Boeing, BMW, Bridgestone, Continental and Michelin have made large investments or greatly expanded their presence in South Carolina, Gov. Nikki Hawley told Chief Executive magazine in February (in response to last year’s ranking). “These investments have helped advance our state’s manufacturing renaissance, and generated interest from companies around the globe.”

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Mississippi is the 37th Best State for Business 2014

Despite losing 1 million chickens to tornadoes over the past year, poultry sales are expected to increase this year due to “factors that are hurting beef and pork,” according to the Mississippi Business Journal. In addition, the Federal Aviation Administration has approve a $4.8 million grant to the state for airport safety improvements. Also, the Mississippi Legislature passed $17 million in tornado relief funding, which should help the state’s business economy.

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Minnesota is the 34th Best State for Business 2014

The number of farms in Minnesota, the land of 10,000 lakes, was down 8%, but the acreage per farm and the income per farm were up in 2012, according to the Census of Agriculture. Conversely, for the first four months of 2014, 31 business expansions resulted in 1,800 new jobs, according to the Department of Employment and Economic Development. Also, Minnesota is bidding for the 2018 Super Bowl, and local and regional businesses are footing the cost of the bid. Should the state claim the event, the regional economy stands to win tenfold.

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