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Missouri is the 22nd Best State for Business 2014

Media reports of flat tax revenues amid higher spending could put the state’s ranking at risk if they change their tax structure. Moreover, two pieces of legislation-one to outlaw direct car sales and another to block unions from collecting and spending worker fees-could help secure Missouri’s economic stability going forward.

Previous State: Nebraska Next State: Delaware

No. 22 Missouri

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 0.8
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): -0.5

Unemployment

  • Unemployment Rate Dec. 2013 %: 5.9
  • Comparison with Nat’l Rate (6.70%): -0.8

Domestic Migration

  • Domestic Net Migration 2013: -7,612
  • Rank: 38

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 3,609
  • State & Local Gov’t Employees per 10k Residents: 557.3

State-Local Tax Burden

  • Rate (%): 9.0%
  • Compared to Nat’l Avg. (9.9%): -0.91%
Key Companies
  • Emerson Electric
  • Monsanto
  • Peabody Energy
  • Express Scripts
  • Charter Communications
Development Trend Indicator: Positive
Life-sciences victories help boost state to top half in job growth last year.


Based on CEO Survey by ChiefExecutive.net

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

About JP Donlon

JP Donlon is the Editor-in-Chief of Chief Executive magazine.