Washington is the 36th Best State for Business 2013

Previous State: Maine Next State: Rhode Island No. 36Washington Taxations & Regulations Workforce Quality Living Environment Based on CEO Survey [...]

May 6 2013 by JP Donlon


Previous State: Maine Next State: Rhode Island

No. 36Washington

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 2.0
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): 0.5

Unemployment

  • Unemployment Rate Dec. 2012 %: 7.5
  • Comparison with Nat’l Rate (7.80%): -0.3

Domestic Migration

  • Domestic Net Migration ’10-’11: 35,166
  • Rank: 4

State Government

  • Debt per Capita Fiscal Year ’10 ($): 4,098
  • State & Local Gov’t Employees per 10k Residents: 527.3

State-Local Tax Burden

  • Rate (%): 8.7
  • Compared to Nat’l Avg. (9.9%): -1.13
Key Companies
  • Costco
  • Microsoft
  • Amazon.com
  • Starbucks
  • Weyerhauser
Development Trend Indicator: Neutral
Standoff between houses of legislature leaves financial reforms in the lurch.
CEO Comments
“So far, Washington is smart enough to recognize where its jobs come from.”

“WA charges annual business fees and has B & O tax and not business friendly as others.”

“Portland and Washington, especially SW Washington are moving into the new best place to work. Their culture and environment are extremely supportive of creative, innovative companies. They will in the next few years be the best place to work mecca. Government is actively interested in seeing this become reality as is the overall business community”

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

Previous State: #35 Maine Next State: #37 Rhode Island