Best/Worst States for Business 2012: Biggest Losses from 2008

Over the last 5 years, Oregon has dropped 15 spots on the Best/Worst States for Business list. Here’s a slideshow of the other states who have been steadily in decline.

May 4 2012 by ChiefExecutive.net


No 42: Oregon 

No. 42

Oregon Loses Most Over 5 Years: Drops 15 Spots Since 2008

Taxation and Regulations
Workforce Quality
Living Environment

 

Based on CEO Survey by ChiefExecutive.net

Ranking Change from 2008
2012 Rank— 42
2008 Rank— 27
Total change— -15
Development Trend Indicator—Negative
Slips in a year when battle over health-insurance exchange dominates.
CEO Comments
“Oregon has wasted it’s competitive advantage with it’s beauty and natural resources and great work force….It’s been replaced with a State Government that loves to penalize achievement and success…..Only hope is based on a more suicidal California at it’s southern border.” 

“Oregon, is a great place to start a business, but all successful businesses move out when the founder leaves. And so does he. The tax structure drives all movable wealth out of the state.”

“Oregon, where my business is located, makes it nearly impossible to grow a business because of the tax laws here. We have a 9% state personal income tax that drives good people from the state. Washington, our neighbor, has no income tax and forces high-income quality people to move out of our state and contribute to the neighbor state. With no sales tax in Oregon, we do not capture any tourist income or other non-resident income. Our economy is on the backs of the residents and, in a state with a relatively small population, it is hard on the residents to maintain the infrastructure needed to grow businesses.”

“We are moving our headquarters from Oregon to Texas. We looked at all of the other surrounding states to Oregon and found that in order to get pro business environment, quality workforce and great living environment we needed to move into the southern US.”

“Oregon has taken the approach during the recession that since business tax revenues and personal tax revenues are down, it is not their job to help ease the burden and create easier competitive environment, but instead to increase taxes and regulatory fees to keep government in place. That attitude has crushed many businesses in Oregon and caused much of our customer base to leave the state.”