2014 Best & Worst States

Massachusetts is 46th Best State for Business 2014

J.P. Donlon

May 8, 2014

Previous State: Michigan Next State: New Jersey

No. 46 Massachusetts

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP % Growth ’12-’13: 1.6 % Growth ’11-’12 v. Nat’l Avg. (2.5%): -0.3 Unemployment Unemployment Rate Dec. 2013 %: 7 Comparison with Nat’l Rate (6.70%): 0.3 Domestic Migration Domestic Net Migration 2013: -2,833 Rank: 33 State Government State Debt per Capita Fiscal Year ’13 ($): 11,790 State & Local Gov’t Employees per 10k Residents: 517.5 State-Local Tax Burden Rate (%): 10.4% Compared to Nat’l Avg. (9.9%): 0.57%

Key Metrics

State GDP

% Growth ’12-’13: 1.6
% Growth ’11-’12 v. Nat’l Avg. (2.5%): -0.3

Unemployment

Unemployment Rate Dec. 2013 %: 7
Comparison with Nat’l Rate (6.70%): 0.3

Domestic Migration

Domestic Net Migration 2013: -2,833
Rank: 33

State Government

State Debt per Capita Fiscal Year ’13 ($): 11,790
State & Local Gov’t Employees per 10k Residents: 517.5

State-Local Tax Burden

Rate (%): 10.4%
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
At least state legislature is resisting Gov. Patrick push for highest minimum wage.

Based on CEO Survey by ChiefExecutive.net

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

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Massachusetts is 46th Best State for Business 2014

No. 46 Massachusetts

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