Home » 2014 Best & Worst States » Rhode Island is the 39th Best State for Business 2012

Rhode Island is the 39th Best State for Business 2012

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 …

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

About ChiefExecutiveNet

Chief Executive magazine provides global economy coverage, business and technology news, information on upcoming events, and executive life.