Arkansas is the 29th Best State for Business 2014

Improving international trade is one way to boost the economy. Recently, a Vietnamese furniture maker opened up a factory in Arkansas, investing $5 million into the local economy and adding 75 jobs, according to the Southwest Times Record.

Previous State: Idaho Next State: New Mexico

No. 29 Arkansas

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP 

  • % Growth ’12-’13: 2.4
  • % Growth ’11-’12 v. Nat’l Avg. (2.5%): -1.2

Unemployment

  • Unemployment Rate Dec. 2013 %: 7.4
  • Comparison with Nat’l Rate (6.70%): 0.7

Domestic Migration

  • Domestic Net Migration 2013: -2,031
  • Rank: 29

State Government

  • State Debt per Capita Fiscal Year ’13 ($): 1,169
  • State & Local Gov’t Employees per 10k Residents: 585.3

State-Local Tax Burden

  • Rate (%): 10.0%
  • Compared to Nat’l Avg. (9.9%): 0.16%
Key Companies
  • Wal-Mart Stores Inc.
  • Dillard’s
  • Tyson Foods
  • Murphy Oil
  • J.B. Hunt Transport
  • Acxiom
Development Trend Indicator: Neutral
Reduces some business taxes and manages to climb in job-growth rankings.


Based on CEO Survey by ChiefExecutive.net

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


Get the CEO Briefing

Sign up today to get weekly access to the latest issues affecting CEOs in every industry

upcoming events