2014 Best & Worst States

Rhode Island is 40th Best State for Business 2014

J.P. Donlon

May 8, 2014

Previous State: Vermont Next State: Maryland

No. 40 Rhode Island

Taxations & Regulations

Workforce Quality

Living Environment

Key Metrics
State GDP % Growth ’12-’13: 1.4 % Growth ’11-’12 v. Nat’l Avg. (2.5%): -1.1 Unemployment Unemployment Rate Dec. 2013 %: 9.1 Comparison with Nat’l Rate (6.70%): 2.4 Domestic Migration Domestic Net Migration 2013: -3,922 Rank: 34 State Government State Debt per Capita Fiscal Year ’13 ($): 8,471 State & Local Gov’t Employees per 10k Residents: 510.8 State-Local Tax Burden Rate (%): 10.9% Compared to Nat’l Avg. (9.9%): 0.99%

Key Metrics

State GDP

% Growth ’12-’13: 1.4
% Growth ’11-’12 v. Nat’l Avg. (2.5%): -1.1

Unemployment

Unemployment Rate Dec. 2013 %: 9.1
Comparison with Nat’l Rate (6.70%): 2.4

Domestic Migration

Domestic Net Migration 2013: -3,922
Rank: 34

State Government

State Debt per Capita Fiscal Year ’13 ($): 8,471
State & Local Gov’t Employees per 10k Residents: 510.8

State-Local Tax Burden

Rate (%): 10.9%
Compared to Nat’l Avg. (9.9%): 0.99%

Key Companies
CVS Caremark Textron Hasbro United Natural Foods

Development Trend Indicator: Negative
High-tax, high-unemployment basket case now must bail out government pensioners.

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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Rhode Island is 40th Best State for Business 2014

No. 40 Rhode Island

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