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Nevada is the 9th Best State for Business 2013

Previous State: South Carolina Next State: Georgia No. 9Nevada Taxations & Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  % Growth ’10-’11: 1.2 % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.3 Unemployment Unemployment Rate Dec. 2012 %: 9.8 Comparison with Nat’l Rate (7.80%): 2.0 Domestic Migration Domestic Net …

Previous State: South Carolina Next State: Georgia

No. 9Nevada

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 1.2
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.3

Unemployment

  • Unemployment Rate Dec. 2012 %: 9.8
  • Comparison with Nat’l Rate (7.80%): 2.0

Domestic Migration

  • Domestic Net Migration ’10-’11: -11,113
  • Rank: 42

State Government

  • Debt per Capita Fiscal Year ’10 ($): 1,646
  • State & Local Gov’t Employees per 10k Residents: 431.9

State-Local Tax Burden

  • Rate (%): 9.3
  • Compared to Nat’l Avg. (9.9%): -0.55
Key Companies
  • Wynn Resorts, Limited
  • Southwest Gas Corporation
  • MGM Resorts
  • Las Vegas Sands
  • NV Energy
Development Trend Indicator: Sideways
Economic slack offers business opportunities, but legislature is hostile.
CEO Comments
“Nevada will grow, improve and succeed partly because of a ‘suicidal’ California on its border. The business migration is a ‘snowball’.”

“Nevada is quickly adopting many of the practices that have driven businesses out of California. Makes you wonder what they are thinking?”

“Nevada has a very corrupt court system; especially in Las Vegas. The judges are oriented toward the plaintiffs.”

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

Previous State: #8 South Carolina Next State: #10 Georgia

About JP Donlon

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