Rhode Island is 40th Best State for Business 2014

Adding to CEOs' negative sentiment, just 18% of Rhode Island residents surveyed ranked their state “the best place to live.” On the positive side, unemployment dropped from 9.3% to 8.7% in March. Rhode Island has had the highest unemployment rate in the country in recent months.

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 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


Get the CEO Briefing

Sign up today to get weekly access to the latest issues affecting CEOs in every industry

upcoming events