Home » 2014 Best & Worst States » West Virginia is the 34th Best State for Business 2012

West Virginia is the 34th Best State for Business 2012

No. 34 West Virginia Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  % Growth ’07-’10: 6.90 % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 7.23 Unemployment Unemployment Rate Dec. 2011 %: 7.90 Comparison with Nat’l Rate (8.50%): -0.60 Domestic Migration Domestic Net Migration ’00-’09: 17,727 Rank: 26 …

No 34: West Virginia

No. 34

West Virginia

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: 6.90
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 7.23

Unemployment

  • Unemployment Rate Dec. 2011 %: 7.90
  • Comparison with Nat’l Rate (8.50%): -0.60

Domestic Migration

  • Domestic Net Migration ’00-’09: 17,727
  • Rank: 26

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,860
  • State & Local Gov’t Employees per 10k Residents: 558.46

State-Local Tax Burden

  • Rate (%): 9.39
  • Compared to Nat’l Avg. (9.8%): -0.41
Key Companies
  • International Coal Group Inc.
  • MTR Gaming
  • United Bankshares
Development Trend Indicator: Neutral
Excitement over business potential of Marcellus Shale isn’t yet realized.

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

About Chief Executive

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