Massachusetts is the 47th Best State for Business 2012

No. 47 Massachusetts Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  [...]

May 2 2012 by ChiefExecutive.net


No 47: Massachusetts

No. 47

Massachusetts

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: 2.35
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 2.69

Unemployment

  • Unemployment Rate Dec. 2011 %: 6.80
  • Comparison with Nat’l Rate (8.50%): -1.70

Domestic Migration

  • Domestic Net Migration ’00-’09: -274,772
  • Rank: 43

State Government

  • Debt per Capita Fiscal Year ’10 ($): 11,310
  • State & Local Gov’t Employees per 10k Residents: 517.50

State-Local Tax Burden

  • Rate (%): 10.02
  • Compared to Nat’l Avg. (9.8%): 0.22
Key Companies
  • State Street Corporation
  • Raytheon
  • The TJX Companies
  • BJ’s Wholesale Club
  • Boston Scientific
  • Smurfit-Stone Container
Development Trend Indicator: Neutral
Entrepreneurs leveraging brainpower, but new family-leave law bites companies.
CEO Comments
“California and Massachusetts in league of their own for anti-business regulatory environment.”

“California, Massachusetts and Vermont have enacted anti-business policies that are detrimental, especially to the medical device industry.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation