Previous State: Vermont Next State: Maryland
Based on CEO Survey by ChiefExecutive.net
Key Metrics |
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State GDP
Unemployment
Domestic Migration
State Government
State-Local Tax Burden
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Key Companies |
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Development Trend Indicator: Neutral |
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Looks to tax and fee increases to finance yawning budget hole, but favors Nike. |
CEO Comments |
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“The relatively new income tax in Oregon punishes success and the 16% “death tax” over the $1 million exemption makes Oregon an unacceptable retirement state.” “Oregon is dying because of the business unfriendly environment they create.” “Taxation and regulation are always the key barometers. Massachusetts and Oregon are the worst.” “Oregon has in the past been the beneficiary of some of the most competitive electric energy rates in the nation; however, and quite sadly from my perspective, the State is working hard (unknowing, perhaps) in changing that landscape. Past and pending legislation is making energy rates increase at an alarming/accelerated rate. Truly affordable energy rates are fundamental to a state’s ability to sustain/maintain its current economy and to prosper in the future with effective economic development. Too many legislators talk about affordability, but it is only that – ‘talk’. Our national and state leaders need to fully understand the impact new regulations and laws have on energy costs to our citizens and businesses. Any energy policy goal, I believe, can be made to be affordable in implemented in a thoughtful, deliberative manner that maintains energy cost competitiveness. Our citizens are not, and do not have, bottomless wallets for paying ill-conceived energy targets espoused by a minority.” “Oregon is tied with Hawaii for the highest business tax rate in the U.S. Our property tax rates are also among the highest.” “Portland and Washington, especially SW Washington are moving into the new best place to work. Their culture and environment are extremely supportive of creative, innovative companies. They will in the next few years be the best place to work ‘mecca.’ Government is actively interested in seeing this become reality as is the overall business community.” |
Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation
Previous State: #39 Vermont Next State: #41 Maryland