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2014 Best & Worst States

Iowa is the 19th Best State for Business 2014

Gov. Terry Branstad is working on legislature that would make Iowa attractive to returning vets looking for work and education. Called Home Base Iowa, the bill will exempt taxes for the nearly 8,000 returning Iowa vets. In addition, he has a plan for creating 200,000+ new jobs over the next five years.

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New Mexico Is 30th Best State for Business 2014

New Mexico’s GDP growth is significantly lower than other states at just 0.2%, compared to Florida’s 2.4% and Texas’ 4.8%. However, both its unemployment and tax rates are lower than the national average (6.4% and 8.4%, respectively). It's also suffering from growing pains, including traffic gluts and increased crime in the Carlsbad area. In Albuquerque, the city has received a $100,000 grant, which it plans to use to build a research district, called Innovate Albuquerque, and generate new jobs.

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Louisiana is the 9th Best State for Business 2014

Having jumped 31 positions from 40th in 2010, Louisiana is the Cinderella state of Chief Executive’s ranking, proving that a concerted effort to transform old habits and policies can truly pay off. The state’s labor and economic development departments are currently preparing for a job boom in the hundreds of thousands.

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New York is the 2nd Worst State for Business, Ranking 49th in 2014

New York’s high-tech startup, STARTUP-NY, designed to bring jobs to New York, poses some concerns. Critics feel that it is too narrowly focused in terms of the types of companies they are trying to attract and the places where they can be located, and have complained about everything from the cost of the advertising to the political motivations behind it.

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Delaware is the 23rd Best State for Business 2014

Geographically, Delaware is well-positioned for all types of commerce. There are many ways in which this small but mighty state could move forward, and it will be exciting to follow their growth strategy in the year ahead. The first state to ratify the constitution, Delaware is a favored state for incorporation while still remaining “small and personal,” Gov. Markell said.

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