Nevada is the 9th Best State for Business 2013

Previous State: South Carolina Next State: Georgia

No. 9Nevada

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 
  • % Growth ’10-’11: 1.2
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.3

Unemployment

  • Unemployment Rate Dec. 2012 %: 9.8
  • Comparison with Nat’l Rate (7.80%): 2.0

Domestic Migration

  • Domestic Net Migration ’10-’11: -11,113
  • Rank: 42

State Government

  • Debt per Capita Fiscal Year ’10 ($): 1,646
  • State & Local Gov’t Employees per 10k Residents: 431.9

State-Local Tax Burden

  • Rate (%): 9.3
  • Compared to Nat’l Avg. (9.9%): -0.55
Key Companies
  • Wynn Resorts, Limited
  • Southwest Gas Corporation
  • MGM Resorts
  • Las Vegas Sands
  • NV Energy
Development Trend Indicator: Sideways
Economic slack offers business opportunities, but legislature is hostile.
CEO Comments
“Nevada will grow, improve and succeed partly because of a ‘suicidal’ California on its border. The business migration is a ‘snowball’.”

“Nevada is quickly adopting many of the practices that have driven businesses out of California. Makes you wonder what they are thinking?”

“Nevada has a very corrupt court system; especially in Las Vegas. The judges are oriented toward the plaintiffs.”

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

Previous State: #8 South Carolina Next State: #10 Georgia

J.P. Donlon

J.P. Donlon is Editor Emeritus of Chief Executive magazine.

Share
Published by
J.P. Donlon

Recent Posts

How To Build A $100 Million Business By Dropping Half Your Customers  

Itai Sadan knew his company was being torn in two. Here's how choosing focus over…

19 hours ago

CEO Optimism Cools In March Survey As Economic Concerns Rise 

Survey of 237 U.S. CEOs the first week of March finds optimism moderating (again) as…

22 hours ago

Walking The Line: Leadership At The Edge Of Consequence

Leadership, like highlining, is not about holding position, but about being fully present, aware of…

4 days ago

AI In Manufacturing Is Hard, Says A CEO Actually Doing It

Scott Carlton, president of Tokai Carbon U.S., is 20 months into an expensive AI makeover.…

4 days ago

Want A Board Seat? Go Private

Landing a lucrative seat on a public company board is a crapshoot, at best. Here’s…

5 days ago

Thunderstruck Ag CEO Jeremy Matuszewski: ‘Innovation Starts In The Field.’

How an entrepreneur built his company by helping farmer-inventors turn practical equipment upgrades into products…

5 days ago