CHIEF EXECUTIVE Posted by: Jared Coffin May 7, 2015
The results of our 11th annual survey clearly show that CEOs favor states that foster growth through progressive business development programs, low taxes and a quality living environment. See how your state fared below.
#4 – Tennessee
This southeastern state is proving it has more than just music talent to offer as it becomes a hotbed for automotive manufacturing, with plants for both Nissan and Volkswagen. Tennessee ranks high for living and environment, workforce quality and taxation and regulations.
% Growth ’12-’13: 0.80
% Growth ’12-’13 v. Nat’l Avg. (1.80%): -1.00
Unemployment Rate Dec. 2014 %: 6.60
Comparison with Nat’l Rate (5.60%): 1.00
Domestic Net Migration 2014: 27028
State Debt per Capita Fiscal Year ’13 ($): 956
State & Local Gov’t Employees per 10k Residents: 528
State-Local Tax Burden
Rate (%): 7.60%
Compared to Nat’l Avg. (9.80%): -2.20%
International Paper Company
Development Trend Indicator
State politicians shouldn’t have messed in Volkswagen’s unionization business.
“I see Tennessee as a great place to have a $35 million-$40 million electrical contracting firm. Right-to-work is very important.” “Low taxes, and no state income tax is key; you can have an educated workforce and low state taxes; that is why I put Tennessee first.” “The most important element for us is talent and work ethic. Places like Dallas, Nashville and Charlotte are where the talent resides these days. Of course, the tax situation is important too, especially on the personal side.”
2015 TOP 10 BEST STATE RANKINGS
3. North Carolina
10. South Carolina
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