Friday, May 8, 2015

The Business of Business...its great in Texas! (Hey New York,"How does it feel down there at next to bottom?)

How your state ranks with business in 2015 according to CEOs across America
Source: Examiner.com

Texas, Florida, North Carolina, Tennessee, and Georgia have been rated the top ranking states for business in 2015 according to CEOs across America. California, New York, Illinois, New Jersey, and Massachusetts were ranked lowest.
Thursday Chief Executive magazine released the results of their annual survey of 511 Chief Executive Officers in U.S. business. They measure each state according to three criteria:

1. Taxes and regulations
2. Quality of the workforce
3. Living environment,

Living environment considers cost of living, quality of education, crime rates, social amenities and affordable housing.
“Chief executives have shown that they favor pro-growth, low-tax states, by ranking Texas the best state for business in Chief Executive magazine's 2015 "Best and Worst States for Business" survey,” a release from the publication announced. “This is Texas' 11th year on top.”
Since the beginning of the recession, established as December 2007, Texas has created 1.2 million net jobs. This compares to 700,000 net jobs created in the other 49 states combined.
"California and Oregon are essentially anti-business, whereas Texas and Tennessee do everything possible to make business comfortable and more successful," one CEO commented.
Another CEO said, "Texas is pro-business in terms of taxes, licensing, and incentives, as well as quality of workforce."
"Texas 'gets it' with incentives, workforce development and low taxation, but everyone cannot move there," observed a third CEO.
According to the magazine, state governments use the data from their survey to “improve their regulatory environment to attract more businesses, while corporations use the data to decide where to build facilities and attract vibrant workforces.”
Comments regarding Florida include the Sunshine State “is making all the right moves with a great place to work and live" and "Florida has several advantages from a government standpoint; however, very limited resources to support growing technology businesses."

Rank State Last Year’s Rank Change

1 Texas 1 0
2 Florida 2 0
3 North Carolina 4 1
4 Tennessee 3 -1
5 Georgia 10 5
6 Indiana 6 0
7 Louisiana 9 2
8 Nevada 8 0
9 Arizona 7 -2
10 South Carolina 5 -5
11 Colorado 16 5
12 Wisconsin 14 2
13 Iowa 19 6
14 Virginia 11 -3
15 Utah 13 -2
16 Oklahoma 20 4
17 Wyoming 18 1
18 Idaho 28 10
19 North Dakota 12 -7
20 Delaware 23 3
21 New Hampshire 24 3
22 Ohio 27 5
23 South Dakota 15 -8
24 Alabama 17 -7
25 Nebraska 21 -4
26 Missouri 22 -4
27 Kansas 26 -1
28 Kentucky 25 -3
29 Montana 31 2
30 Maine 36 6
31 Minnesota 34 3
32 Washington 33 1
33 Arkansas 29 -4
34 Alaska 32 -2
35 Pennsylvania 42 7
36 New Mexico 30 -6
37 Rhode Island 40 3
38 West Virginia 35 -3
39 Mississippi 37 -2
40 Maryland 41 1
41 Vermont 39 -2
42 Oregon 38 -4
43 Michigan 45 2
44 Hawaii 43 -1
45 Connecticut 44 -1
46 Massachusetts 46 0
47 New Jersey 47 0
48 Illinois 48 0
49 New York 49 0
50 California 50 0
 
And then there's this from the New York Times...
Ad Effort Selling State as a Business Haven Is Criticized
by Danny Hakim
ALBANY — The Cuomo administration has set aside nearly $140 million for an advertising campaign called “New York State Open for Business,” with the money drawn largely from a state authority created to lower electricity bills and from federal disaster aid, records show.
Much of the money spent has been used to buy television ads, half of which are being broadcast outside New York, celebrating the state’s economic success stories as part of an effort to lure and keep business here.
Gov. Andrew M. Cuomo’s administration, which began the campaign, says the ads are a valuable tool for recruiting businesses, but critics say they are a backdoor way of elevating the governor’s stature, even though they do not mention his name and he is prohibited from appearing in them.
“We are doing everything we can to level the playing field to bring businesses and jobs to the state of New York, and will continue to double down on those efforts as long as this governor is in office,” Melissa DeRosa, a spokeswoman for Mr. Cuomo, said.  ....continued here

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