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2014: CEOs Grade the States

There are lots of factors that CEOs take into consideration when deciding the top states for business. ChiefExecutive provides the crucial numbers that were used to to determine who is top dog and who is lagging behind.

RATINGS* STATE GDP UNEMPLOYMENT
STATE TAXATION AND
REGULATION
WORKFORCE
QUALITY

LIVING
ENVIRONMENT

% GDP
GROWTH
2011-2012
% GROWTH 2011-2012 VS.
NATIONAL
AVG. (1.5%)
UNEMPLOYMENT
RATE %
DEC. 2013
COMPARISON WITH
NATIONAL
UNEMPLOYMENT RATE (6.7%)
Alabama 6.20 5.95 6.34 1.2 -1.3 6.1 -0.6
Alaska 6.19 5.29 5.24 1.1 -1.4 6.4 -0.3
Arizona 6.71 6.70 7.09 2.6 0.1 7.6 0.9
Arkansas 5.93 5.47 5.93 1.3 -1.2 7.4 0.7
California 1.74 6.21 6.79 3.5 1.0 8.3 1.6
Colorado 5.62 7.11 7.73 2.1 -0.4 6.2 -0.5
Connecticut 2.51 6.46 6.12 -0.1 -2.6 7.4 0.7
Delaware 7.06 6.82 6.35 0.2 -2.3 6.2 -0.5
Florida 7.93 6.88 8.13 2.4 -0.1 6.2 -0.5
Georgia 6.79 7.06 7.33 2.1 -0.4 7.4 0.7
Hawaii 2.82 3.86 8.36 1.6 -0.9 4.5 -2.2
Idaho 6.13 6.80 6.13 0.4 -2.1 5.7 -1.0
Illinois 2.16 5.45 4.65 1.9 -0.6 8.6 1.9
Indiana 7.57 7.74 7.10 3.3 0.8 6.9 0.2
Iowa 6.72 8.44 7.56 2.4 -0.1 4.2 -2.5
Kansas 6.57 6.71 6.57 1.4 -1.1 4.9 -1.8
Kentucky 5.57 6.05 6.43 1.4 -1.1 8.0 1.3
Louisiana 7.23 7.24 7.96 1.5 -1.0 5.7 -1.0
Maine 3.44 5.31 6.25 0.5 -2.0 6.2 -0.5
Maryland 2.93 6.24 5.93 2.4 -0.1 6.1 -0.6
Massachusetts 2.52 6.45 5.59 2.2 -0.3 7.0 0.3
Michigan 3.52 4.84 4.52 2.2 -0.3 8.4 1.7
Minnesota 3.58 7.70 6.91 3.5 1.0 4.6 -2.1
Mississippi 5.66 5.02 5.28 2.4 -0.1 8.0 1.3
Missouri 6.77 7.00 7.38 2.0 -0.5 5.9 -0.8
Montana 6.00 5.40 6.47 2.1 -0.4 5.2 -1.5
Nebraska 7.00 7.67 6.87 1.5 -1.0 3.6 -3.1
Nevada 7.37 6.25 6.56 1.5 -1.0 8.8 2.1
N. Hampshire 6.00 6.83 7.39 0.5 -2.0 5.1 -1.6
New Jersey 2.38 5.66 4.21 1.3 -1.2 7.3 0.6
New Mexico 5.46 5.46 6.54 0.2 -2.3 6.4 -0.3
New York 2.02 5.99 4.82 1.3 -1.2 7.1 0.4
North Carolina 7.23 7.62 8.09 2.7 0.2 6.9 0.2
North Dakota 7.74 7.13 5.95 13.4 10.9 2.6 -4.1
Ohio 5.49 6.77 5.85 2.2 -0.3 7.2 0.5
Oklahoma 7.07 6.64 6.43 2.1 -0.4 5.4 -1.3
Oregon 3.70 6.19 6.96 3.9 1.4 7.0 0.3
Pennsylvania 3.61 5.63 5.38 1.7 -0.8 6.9 0.2
Rhode Island 2.33 5.00 4.50 1.4 -1.1 9.1 2.4
S. Carolina 7.37 7.22 8.16 2.7 0.2 6.6 -0.1
South Dakota 8.58 7.58 7.08 0.2 -2.3 3.6 -3.1
Tennessee 7.81 7.23 7.89 3.3 0.8 7.8 1.1
Texas 8.45 8.02 7.73 4.8 2.3 6.0 -0.7
Utah 7.71 7.94 8.09 3.4 0.9 4.1 -2.6
Vermont 2.69 5.13 6.31 1.2 -1.3 4.2 -2.5
Virginia 6.71 8.21 8.02 1.1 -1.4 5.2 -1.5
Washington 5.08 6.73 6.95 3.6 1.1 6.6 -0.1
West Virginia 4.63 4.50 4.13 3.3 0.8 5.9 -0.8
Wisconsin 5.86 7.43 6.82 1.5 -1.0 6.2 -0.5
Wyoming 8.45 6.82 7.05 0.2 -2.3 4.4 -2.3

Sources: Best and Worst State Ratings: Chief Executive Magazine. State GDP: Bureau of Economic Analysis.
Unemployment: Bureau of Labor Statistics.

 

DOMESTIC MIGRATION STATE GOVERNMENT STATE-LOCAL TAX BURDEN
STATE IN 2013 RANK STATE
DEBT PER
RESIDENT $
STATE AND LOCAL
GOVERNMENT EMPLOYEES
PER 10,000 RESIDENTS
RATE (%) COMPARED TO NATIONAL
AVERAGE (9.9%)
Alabama 451 21 1,967 615.3 8.2 -1.7
Alaska -4,006 35 9,294 766.0 7.0 -2.9
Arizona 26,417 6 2,080 473.1 8.4 -1.4
Arkansas -2,031 29 1,169 585.3 10.0 0.2
California -49,259 48 3,915 504.6 11.2 1.4
Colorado 36,284 4 3,111 541.9 9.1 -0.8
Connecticut -17,224 43 8,500 537.4 12.3 2.4
Delaware 3,010 18 6,932 598.8 9.2 -0.7
Florida 91,484 2 2,381 489.5 9.3 -0.6
Georgia -6,347 36 1,301 545.7 9.0 -0.9
Hawaii -1,457 27 5,839 559.8 10.1 0.2
Idaho 4,579 16 2,399 538.6 9.4 -0.5
Illinois -67,313 49 5,569 503.1 10.2 0.3
Indiana -1,179 25 3,227 536.3 9.6 -0.3
Iowa 671 20 2,657 611.2 9.6 -0.3
Kansas -12,557 42 2,648 676.7 9.7 -0.2
Kentucky -2,290 30 3,520 582.7 9.4 -0.5
Louisiana -2,492 32 4,345 605.1 7.8 -2.1
Maine -1,423 26 4,363 580.7 10.3 0.4
Maryland -8,525 40 4,543 535.2 10.2 0.3
Massachussets -2,833 33 11,790 517.5 10.4 0.6
Michigan -28,539 45 3,097 491.0 9.8 0.0
Minnesota -1,147 24 2,712 541.8 10.8 0.9
Mississippi -7,038 37 2,453 647.7 8.7 -1.2
Missouri -7,612 38 3,609 557.3 9.0 -0.9
Montana 5,467 14 4,521 585.2 8.6 -1.3
Nebraska -695 23 1,306 642.0 9.7 -0.2
Nevada 12,854 10 1,434 431.9 8.2 -1.6
New Hampshire -2,355 31 6,743 550.0 8.1 -1.8
New Jersey -45,035 47 7,659 593.0 12.4 2.6
New Mexico -10,526 41 3,525 680.4 8.4 -1.4
New York -104,470 50 7,366 634.5 12.8 2.9
North Carolina 37,240 3 2,005 599.7 9.9 0.1
North Dakota 16,961 8 3,213 649.5 8.9 -1.0
Ohio -23,094 44 2,873 534.6 9.7 -0.2
Oklahoma 14,268 9 2,837 597.9 8.7 -1.1
Oregon 10,215 12 3,913 509.2 10.0 0.1
Pennsylvania -30,718 46 3,667 478.4 10.2 0.4
Rhode Island -3,922 34 8,471 510.8 10.9 1.0
South Carolina 29,324 5 3,271 577.2 8.4 -1.5
South Dakota 4,762 15 4,551 545.7 7.6 -2.3
Tennessee 12,649 11 911 527.8 7.7 -2.1
Texas 113,528 1 1,344 563.9 7.9 -1.9
Utah 5,567 13 2,939 494.9 9.3 -0.6
Vermont -653 22 5,787 641.0 10.1 0.2
Virginia 3,099 17 3,417 574.0 9.3 -0.6
Washington 17,027 7 4,213 527.3 9.3 -0.6
West Virginia -1,894 28 4,375 558.5 9.7 -0.1
Wisconsin -8,158 39 4,292 503.0 11.1 1.2
Wyoming 2,616 19 1,958 918.3 7.8 -2.1

Sources: Domestic Net Migration: The PEW Center on States. State Government: Tax Foundation. State-Local Tax Burden: Tax Foundation.

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