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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 % GROWTH
2005-2009
% 2005–2009 GROWTH IN
TERMS OF
NATIONAL AVERAGE
UNEMPLOYMENT
RATE %
NOV. 2010
COMPARISON WITH
NATIONAL
UNEMPLOYMENT RATE %
Alabama 6.64 5.91 6.17 12.80 -3.67 9.0 -0.8
Alaska 6.44 5.32 4.72 16.12 -0.35 8.0 -1.8
Arizona 6.72 6.97 7.67 19.12 2.65 9.4 -0.4
Arkansas 6.42 5.75 6.13 17.65 1.17 7.9 -1.9
California 1.60 5.81 6.50 16.13 -0.34 12.4 2.6
Colorado 6.10 7.40 8.39 18.85 2.38 8.6 -1.2
Connecticut 2.85 6.60 6.13 19.37 2.90 9.0 -0.8
Delaware 7.48 7.21 7.08 5.11 -11.36 8.4 -1.4
Florida 7.07 6.50 7.78 10.00 -6.47 12.0 2.2
Georgia 6.65 7.15 7.73 9.92 -6.55 10.1 0.3
Hawaii 2.57 4.00 8.43 21.09 4.61 6.4 -3.4
Idaho 7.58 7.80 8.32 15.93 -0.54 9.4 -0.4
Illinois 2.07 5.56 4.93 14.01 -2.47 9.6 -0.2
Indiana 7.26 7.59 7.04 12.79 -3.68 9.8 0.0
Iowa 5.96 7.48 6.84 22.90 6.43 6.6 -3.2
Kansas 6.59 7.71 7.06 21.41 4.94 6.8 -3.0
Kentucky 6.78 6.92 7.54 12.96 -3.51 10.2 0.4
Louisiana 5.98 5.32 5.62 13.85 -2.62 8.2 -1.6
Maine 3.88 5.71 6.18 15.39 -1.08 7.3 -2.5
Maryland 3.79 6.50 6.38 18.78 2.30 7.4 -2.4
Massachusetts 2.44 6.52 5.56 15.05 -1.43 8.2 -1.6
Michigan 3.13 5.06 4.43 -0.97 -17.44 12.4 2.6
Minnesota 4.88 7.84 6.86 11.98 -4.49 7.1 -2.7
Mississippi 6.11 4.38 4.53 20.60 4.13 9.9 0.1
Missouri 6.04 7.15 7.35 12.47 -4.00 9.4 -0.4
Montana 7.31 6.46 7.67 20.70 4.22 7.2 -2.6
Nebraska 6.57 7.46 6.85 21.82 5.34 4.6 -5.2
Nevada 7.43 6.34 6.21 12.53 -3.94 14.3 4.5
New Hampshire 7.65 7.78 7.91 10.97 -5.50 5.4 -4.4
New Jersey 2.48 5.30 4.40 13.52 -2.96 9.2 -0.6
New Mexico 4.94 4.73 6.87 10.00 -6.48 8.5 -1.3
New York 1.80 5.74 4.60 14.31 -2.17 8.3 -1.5
North Carolina 6.89 7.66 8.53 14.25 -2.22 9.7 -0.1
North Dakota 7.71 7.26 5.96 31.25 14.78 3.8 -6.0
Ohio 4.00 6.45 5.97 7.39 -9.09 9.8 0.0
Oklahoma 6.73 7.24 7.34 27.49 11.01 6.9 -2.9
Oregon 4.00 6.31 6.94 20.03 3.56 10.6 0.8
Pennsylvania 4.17 6.42 5.78 15.11 -1.37 8.6 -1.2
Rhode Island 2.31 5.58 5.69 10.87 -5.61 11.6 1.8
South Carolina 7.14 6.69 7.69 15.17 -1.30 10.6 0.8
South Dakota 8.54 7.64 6.32 24.73 8.26 4.5 -5.3
Tennessee 7.78 7.48 8.03 9.26 -7.21 9.4 -0.4
Texas 8.44 8.05 8.00 16.56 0.09 8.2 -1.6
Utah 7.17 8.02 7.81 26.72 10.25 7.5 -2.3
Vermont 2.67 5.78 6.67 11.79 -4.68 5.7 -4.1
Virginia 6.86 7.98 8.22 16.40 -0.07 6.8 -3.0
Washington 4.76 6.63 7.30 24.05 7.58 9.2 -0.6
West Virginia 3.21 3.16 3.39 19.67 3.20 9.3 -0.5
Wisconsin 4.85 7.54 7.11 13.76 -2.72 7.6 -2.2
Wyoming 8.64 6.94 7.14 42.01 25.53 6.6 -3.2

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 DOMESTIC NET MIGRATION
RATE PER 1,000
(2000-2006)
RANK DEBT PER RESIDENT $ STATE AND LOCAL
GOVERNMENT EMPLOYEES
PER 10,000 RESIDENTS
RATE COMPARED TO NATIONAL
AVERAGE (9.8%)
Alabama 9.3 21 1,738 615.31 8.50% -1.3%
Alaska -5.1 32 9,505 766.00 6.35% -3.45%
Arizona 87.8 2 1,882 473.07 8.67% 01.13%
Arkansas 19.6 15 1,436 585.28 9.87% 0.07%
California -26.1 44 3,660 504.56 10.59% 0.79%
Colorado 16.8 17 3,454 541.89 8.59% -1.21%
Connecticut -15.2 38 8,088 537.40 12.03% 2.23%
Delaware 39.2 6 6,796 598.78 9.58% -0.22%
Florida 67.5 3 2,104 489.48 9.25% -0.55%
Georgia 40.4 5 1,378 545.70 9.12% -0.68%
Hawaii -7.2 35 5,328 559.77 9.62% -0.18%
Idaho 57.2 4 2,284 538.62 9.37% -0.43%
Illinois -36.9 47 4,424 503.13 9.97% 0.17%
Indiana -2.8 31 3,702 536.29 9.49% -0.31%
Iowa -13.9 37 2,117 611.24 9.53% -0.27%
Kansas -23.7 42 2,086 676.73 9.71% -0.09%
Kentucky 10.5 20 3,107 582.67 9.28% -0.52%
Louisiana -77.1 50 3,914 605.08 8.18% -1.62%
Maine 27.8 11 4,092 580.68 10.13% 0.33%
Maryland -2.3 30 4,133 535.20 10.01% 0.21%
Massachussets -45.0 48 11,357 517.50 10.02% 0.22%
Michigan -23.7 42 2,963 491.02 9.67% -0.13%
Minnesota -5.1 32 1,790 541.81 10.29% 0.49%
Mississippi -8.7 36 2,107 647.68 8.73% -1.07%
Missouri 6.4 24 3,218 557.33 9.05% -0.75%
Montana 26.4 13 4,903 585.20 8.74% -1.06%
Nebraska -17.8 40 1,407 642.00 9.81% 0.01%
Nevada 127.5 1 1,690 431.88 7.48% -2.32%
New Hampshire 30.8 9 6,357 550.01 8.04% -1.76%
New Jersey -31.9 45 6,551 592.98 12.21% 2.41%
New Mexico 11.7 19 4,004 680.41 8.38% -1.42%
New York -64.4 49 6,288 634.48 12.06% 2.26%
North Carolina 39.2 6 2,138 599.65 9.78% -0.02%
North Dakota -33.3 46 2,721 649.49 9.47% -0.33%
Ohio -20.7 41 2,423 534.59 9.71% -0.09%
Oklahoma -1.3 28 2,689 597.88 8.70% -1.10%
Oregon 29.4 10 3,284 509.15 9.76% -0.04%
Pennsylvania -2.2 29 3,331 478.44 10.05% 0.25%
Rhode Island -17.6 39 8,716 510.84 10.72% 0.92%
South Carolina 38.7 8 3,379 577.25 8.07% -1.73%
South Dakota 0.6 27 4,485 545.70 7.59% -2.21%
Tennessee 26.5 12 773 527.75 7.61% -2.19%
Texas 19.2 16 1,240 563.86 7.89% -1.91%
Utah -6.9 34 2,274 494.85 9.68% -0.12%
Vermont 4.5 25 5,514 641.03 10.18% 0.38%
Virginia 16.3 18 3,100 574.02 9.11% -0.69%
Washington 20.3 14 3,719 527.25 9.31 -0.49%
West Virginia 7.0 23 3,578 558.46 9.39% -0.41%
Wisconsin 1.7 26 3,707 503.04 10.98% 1.18%
Wyoming 9.0 22 2,452 918.30 7.80% -2.00%

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

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