Massachusetts is the 47th Best State for Business 2012

No 47: Massachusetts

No. 47

Massachusetts

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: 2.35
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 2.69

Unemployment

  • Unemployment Rate Dec. 2011 %: 6.80
  • Comparison with Nat’l Rate (8.50%): -1.70

Domestic Migration

  • Domestic Net Migration ’00-’09: -274,772
  • Rank: 43

State Government

  • Debt per Capita Fiscal Year ’10 ($): 11,310
  • State & Local Gov’t Employees per 10k Residents: 517.50

State-Local Tax Burden

  • Rate (%): 10.02
  • Compared to Nat’l Avg. (9.8%): 0.22
Key Companies
  • State Street Corporation
  • Raytheon
  • The TJX Companies
  • BJ’s Wholesale Club
  • Boston Scientific
  • Smurfit-Stone Container
Development Trend Indicator: Neutral
Entrepreneurs leveraging brainpower, but new family-leave law bites companies.
CEO Comments
“California and Massachusetts in league of their own for anti-business regulatory environment.”

“California, Massachusetts and Vermont have enacted anti-business policies that are detrimental, especially to the medical device industry.”

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