State & Local Gov’t Employees per 10k Residents: 489.5
State-Local Tax Burden
Rate (%): 9.3%
Compared to Nat’l Avg. (9.9%): -0.55%
Office Depot Inc.
NextEra Energy, Inc.
World Fuel Services
Development Trend Indicator: Positive
Machinery-tax exemption, housing boom rev up state’s job-growth engines.
“California, Illinois, New York, Oregon and others do not have a viable long term strategy for achieving economic balance and therefore will only get worse. Other states such as Texas Florida and Arizona have a growing economy and reasonable rules and regulations and a positive attitude towards business. The former states are steadily declining into disaster territory such as Detroit. The other states will continue to become stronger and stronger. The difference will ultimately be similar to a productive and industrious northern Italy and a lazy unproductive southern Italy. Any attempt to force the productive states to subsidize the unproductive states will result in civil unrest.”
A survey of 300+ CEOs conducted in early May shows declining confidence in business conditions, even as economy reopens in many parts of the country and around the world. But there could be a silver lining.