Rhode Island is the 39th Best State for Business 2012

May 2 2012 by ChiefExecutive.net


No 39: Rhode Island

No. 39

Rhode Island

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: -1.14
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): -0.80

Unemployment

  • Unemployment Rate Dec. 2011 %: 10.80
  • Comparison with Nat’l Rate (8.50%): 2.30

Domestic Migration

  • Domestic Net Migration ’00-’09: -45,159
  • Rank: 37

State Government

  • Debt per Capita Fiscal Year ’10 ($): 9,018
  • State & Local Gov’t Employees per 10k Residents: 510.84

State-Local Tax Burden

  • Rate (%): 10.72
  • Compared to Nat’l Avg. (9.8%): 0.92
Key Companies
  • CVS Caremark
  • Textron
  • Hasbro
  • United Natural Foods
Development Trend Indicator: Negative
Puts big burdens on business as state struggles to escape fiscal hole.

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