10 Worst States for Business 2013: Slideshow

Number 5 Number 7

No. 46New Jersey

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

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


  • Unemployment Rate Dec. 2012 %: 9.5
  • Comparison with Nat’l Rate (7.80%): 1.7

Domestic Migration

  • Domestic Net Migration ’10-’11: -54,098
  • Rank: 47

State Government

  • Debt per Capita Fiscal Year ’10 ($): 6,944
  • State & Local Gov’t Employees per 10k Residents: 593.0

State-Local Tax Burden

  • Rate (%): 9.3
  • Compared to Nat’l Avg. (9.9%): -0.61
Key Companies
  • Merck & Co. Inc.
  • Johnson & Johnson
  • Honeywell Interational Inc.
  • Medco Health Solutions
  • Campbell Soup
  • Quest Diagnostics
Development Trend Indicator: Positive
At least now the debate is over which tax to cut rather than to cut or raise taxes.
CEO Comments
“New Jersey is more proactive for business opportunities.”

Bureau of Economic Analysis
Bureau of Labor Statistics
The Tax Foundation

Chief Executive magazine (published since 1977) is the definitive source that CEOs turn to for insight and ideas that help increase their effectiveness and grow their business. Chief Executive Group also produces e-newsletters and online content at chiefexecutive.net and manages Chief Executive Network and other executive peer groups, as well as conferences and roundtables that enable top corporate officers to discuss key subjects and share their experiences within a community of peers. Chief Executive facilitates the annual “CEO of the Year,” a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of peers, and is known throughout the U.S. and elsewhere for its annual ranking of Best & Worst States for Business. Visit www.chiefexecutive.net for more information.