10 Worst States for Business 2013: Slideshow

Number 6 Number 8

No. 47Massachusetts

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 2.2
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): 0.7

Unemployment

  • Unemployment Rate Dec. 2012 %: 6.7
  • Comparison with Nat’l Rate (7.80%): -1.1

Domestic Migration

  • Domestic Net Migration ’10-’11: -10,886
  • Rank: 40

State Government

  • Debt per Capita Fiscal Year ’10 ($): 11,310
  • State & Local Gov’t Employees per 10k Residents: 517.5

State-Local Tax Burden

  • Rate (%): 9.3
  • Compared to Nat’l Avg. (9.9%): -0.57
Key Companies
  • State Street Corporation
  • Raytheon
  • The TJX Companies
  • BJ’s Wholesale Club
  • Boston Scientific
  • Smurfit-Stone Container
Development Trend Indicator: Negative
Appears ready to boost income taxes and add services to sales tax.
CEO Comments
“Massachusetts is returning to the state of Taxachusetts, thanks to Governor Deval Patrick and the overwhelming Democratic party majority in both houses of the Legislature.”

“Taxation and regulation are always the key barometers. Massachusetts and Oregon are the worst.”

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

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