2014 Best & Worst States

New Hampshire is the 24th Best State for Business 2014

Nashua Community College, in conjunction with Southern New Hampshire University, received a $2.5 million federal grant to develop an advanced manufacturing program. Comcast Cable is bringing 600 jobs to New Hampshire with the opening of its new call center, but economic development continues to be both New Hampshire’s biggest challenge and its focus going forward.

Michigan is the 45th Best State for Business 2014

Gov. Rick Snyder defended his state’s economy when he spoke to Chief Executive magazine in February. “Michigan’s economic transformation is well underway and the success of our reinvention, although not captured in Chief Executive’s “Best States / Worst States” rankings, can be summed up as America’s Comeback State … Our economy is at a 10-year high and Michigan has the sixth-fastest growing economy in the country.”

Tennessee is the 3rd Best State for Business 2014

CEOs responded that Tennessee, a right-to-work state, was good for both manufacturing and high tech, “especially in the Nashville area.” Another respondent called Tennessee “outstanding.”

North Carolina is 4th Best State for Business 2014

The state maintains one of the most varied biotech sectors in the U.S. and employs more than 62,000 people at more than 2,500 locations. Creatively, North Carolina used $60 million from tobacco-settlement trust funds to form a statewide training program for biomanufacturing workers, which provided North Carolina State University with the money to create a training center.

Illinois is the 48th Best State for Business 2014

"Corporate tax rates in Illinois are lower than many competing states in the region and the country," Gov. Pat Quinn told Chief Executive magazine in February. When you take into account the tax incentives we offer for new business investment, Illinois has one of the lowest effective corporate tax rates in the United States… [It’s a] top state for business, as more and more domestic and foreign firms are realizing every day.”

Connecticut is the 44th Best State for Business 2014

A Gallup poll shows that 76% of Connecticut residents feel the taxes they pay are too high. In addition, the New Britain Herald reports that there are 5,000 fewer businesses today than there were five years ago, as a result of the Great Recession.

Missouri is the 22nd Best State for Business 2014

Media reports of flat tax revenues amid higher spending could put the state’s ranking at risk if they change their tax structure. Moreover, two pieces of legislation-one to outlaw direct car sales and another to block unions from collecting and spending worker fees-could help secure Missouri’s economic stability going forward.

Indiana is the 6th Best State for Business 2014

The Hoosier State is one of only two with a concentration in four of the biotech industry’s five major sectors, employing 60,000 workers at more than 2,000 bioscience establishments. The government plans to catch up with rival states in areas including capital formation, research commercialization and STEM (Science, Technology, Engineering and Math).

10 Best States for Business

Here's a look at the 10 Best States in which to do business in 2014.

West Virginia Is 35th Best State for Business 2014

Corporate tax rate reductions during the past two years and additional reductions scheduled for next year, plus the scheduled elimination of the Corporate Franchise Tax by 2015, are all being accomplished while maintaining a balanced state budget.
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