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Missouri is the 31st Best State for Business 2013

Previous State: Minnesota Next State: New Mexico No. 31Missouri Taxations & Regulations Workforce Quality Living Environment Based on CEO Survey …

Previous State: Minnesota Next State: New Mexico

No. 31Missouri

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 0.0
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -1.5

Unemployment

  • Unemployment Rate Dec. 2012 %: 6.6
  • Comparison with Nat’l Rate (7.80%): -1.2

Domestic Migration

  • Domestic Net Migration ’10-’11: -11,831
  • Rank: 44

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,416
  • State & Local Gov’t Employees per 10k Residents: 557.3

State-Local Tax Burden

  • Rate (%): 8.4
  • Compared to Nat’l Avg. (9.9%): -1.42
Key Companies
  • Emerson Electric
  • Monsanto
  • Peabody Energy
  • Express Scripts
  • Charter Communications
Development Trend Indicator: Neutral
Hasn’t done enough to spiff up for business, but considering right-to-work.
CEO Comments
“Missouri law is that punitive damages cannot be covered by insurance. Why? The effect is that companies do not take claims to trial and settle out of court even if they would probably win. This gives too much power to the plaintiff attorneys.”

“Business Development Departments of the Missouri and Kansas Chambers of Commerce are very supportive.”

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

Previous State: #30 Minnesota Next State: #32 New Mexico

About JP Donlon

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