Home » 2014 Best & Worst States » Oklahoma is the 20th Best State for Business 2014

Oklahoma is the 20th Best State for Business 2014

Despite falling six spots from last year, one respondent reported that Oklahoma was “business friendly,” possibly due to the fact that Oklahoma did trim some taxes last year. However, the state also dropped from 14th to 21st for economic rank in the American Legislative Exchange Council economic competitiveness assessment.

Previous State: Iowa Next State: Nebraska

No. 20 Oklahoma

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 4.2
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): -0.4

Unemployment

  • Unemployment Rate Dec. 2013 %: 5.4
  • Comparison with Nat’l Rate (6.70%): -1.3

Domestic Migration

  • Domestic Net Migration 2013: 14,268
  • Rank: 9

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 2,837
  • State & Local Gov’t Employees per 10k Residents: 597.9

State-Local Tax Burden

  • Rate (%): 8.7%
  • Compared to Nat’l Avg. (9.9%): -1.13%
Key Companies
  • Chesapeake Energy
  • The Williams Companies
  • Devon Energy
  • Williams Partners
Development Trend Indicator: Negative
Trims some taxes but remains income-tax “sandwich” between neighbors.
CEO Comments
“Oklahoma is business friendly!!!”


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.