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Oregon is the 38th Best State for Business 2014

The Portland Tribune reports that Oregon’s economy is growing faster than the national average. Jobs increased 2.6% over the past year, compared to 1.7% for the nation, according to the Oregon Employment Department. The greatest growth occurred in construction and business services.

Previous State: Mississippi Next State: Vermont

No. 38 Oregon

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 2.7
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): 1.4

Unemployment

  • Unemployment Rate Dec. 2013 %: 7
  • Comparison with Nat’l Rate (6.70%): 0.3

Domestic Migration

  • Domestic Net Migration 2013: 10,215
  • Rank: 12

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 3,913
  • State & Local Gov’t Employees per 10k Residents: 509.2

State-Local Tax Burden

  • Rate (%): 10.0%
  • Compared to Nat’l Avg. (9.9%): 0.10%
Key Companies
  • Nike
  • Precision CastParts
  • StanCorp Financial
  • Schnitzer Street
Development Trend Indicator: Neutral
Keeps loading on taxes and entitlements but job growth soars anyway.
CEO Comments
“Oregon is going to kill the small business owner’s incentives to remain in the state if the 13.6% maximum state income tax passes in November of 2014. Many of the successful small business owners will relocate to Washington state (0% income tax) or other states.”


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.