JP Donlon

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


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Illinois is the 48th Best State for Business 2014

“Corporate tax rates in Illinois are lower than many competing states in the region and the country,” Gov. Pat Quinn told Chief Executive magazine in February. When you take into account the tax incentives we offer for new business investment, Illinois has one of the lowest effective corporate tax rates in the United States… [It’s a] top state for business, as more and more domestic and foreign firms are realizing every day.”

JP Donlon Best & Worst States , Best & Worst States for Business 2014 May 8 2014

Connecticut is the 44th Best State for Business 2014

A Gallup poll shows that 76% of Connecticut residents feel the taxes they pay are too high. In addition, the New Britain Herald reports that there are 5,000 fewer businesses today than there were five years ago, as a result of the Great Recession.

JP Donlon Best & Worst States , Best & Worst States for Business 2014 May 8 2014

Missouri is the 22nd Best State for Business 2014

Media reports of flat tax revenues amid higher spending could put the state’s ranking at risk if they change their tax structure. Moreover, two pieces of legislation-one to outlaw direct car sales and another to block unions from collecting and spending worker fees-could help secure Missouri’s economic stability going forward.

JP Donlon Best & Worst States , Best & Worst States for Business 2014 May 8 2014

Indiana is the 6th Best State for Business 2014

The Hoosier State is one of only two with a concentration in four of the biotech industry’s five major sectors, employing 60,000 workers at more than 2,000 bioscience establishments. The government plans to catch up with rival states in areas including capital formation, research commercialization and STEM (Science, Technology, Engineering and Math).

JP Donlon Best & Worst States , Best & Worst States for Business 2014 May 8 2014

Oregon is the 38th Best State for Business 2014

The Portland Tribune reports that Oregon’s economy is growing faster than the national average. Jobs increased 2.6% over the past year, compared to 1.7% for the nation, according to the Oregon Employment Department. The greatest growth occurred in construction and business services.

JP Donlon Best & Worst States , Best & Worst States for Business 2014 May 8 2014

West Virginia is 35th Best State for Business 2014

Corporate tax rate reductions during the past two years and additional reductions scheduled for next year, plus the scheduled elimination of the Corporate Franchise Tax by 2015, are all being accomplished while maintaining a balanced state budget.

JP Donlon Best & Worst States , Best & Worst States for Business 2014 May 8 2014

Kentucky is the 25th Best State for Business 2014

Revenue from Kentucky tourism increased in 2013. In addition, corn farming generated over $1 billion in revenue last year, while grain farming contributed 43,000 jobs and $31 million in revenue. Also, the price of horses is on the rise again, after taking a painful dive during the recession.

JP Donlon Best & Worst States , Best & Worst States for Business 2014 May 8 2014

Massachusetts is 46th Best State for Business 2014

Massachusetts is considered one of the seven best states for startups. Cambridge, home to Harvard and MIT, ranked as the No. 4 metro on the Kaufmann Index for high-tech startup density, and entrepreneurs brewed by those educational institutions often stay in and around Boston. In addition, Massachusetts ranked No. 25 overall by the Tax Foundation, while the Suffix University Index (based in Boston) ranks the state business climate No. 1 in the country.

JP Donlon Best & Worst States , Best & Worst States for Business 2014 May 8 2014

South Dakota is 15th Best State for Business 2014

Topping Bankrate.com’s Best States for Retirement, CNBC says that North Dakota has a lot going for it, including a low cost of living, crime rate and taxes and quality healthcare. Home to Mount Rushmore, the cost of living is more than 18% lower than the national average, according to published reports.

JP Donlon Best & Worst States , Best & Worst States for Business 2014 May 8 2014

Florida is the 2nd Best State for Business 2014

“We’ve learned from Texas how to tell our story better and it helps that we’ve cut taxes 25 times, by about $400 million,” Florida Gov. Rick Scott told Chief Executive magazine. “When companies like Hertz, Amazon, Deutsche Bank and Verizon add jobs here, it causes more people to look at us. Business is comfortable that we’ll keep the tax base low and improve our workforce.”

JP Donlon Best & Worst States , Best & Worst States for Business 2014 May 8 2014

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