The eighth annual Chief Executive’s survey of CEO opinion of Best and Worst States in which to do business was recently released and to no surprise, Texas still ranked the number one state for businesses.
California, once the most attractive state for business retains the dubious distinction of being the worst state for business. As stated at ChiefExecutive.net,
“The economy, which used to outperform the rest of the country, now substantially underperforms. And its status as the most ruinously contentious place to operate remains undisturbed in eight years. Its unemployment rate, at 10.9 percent, is higher than every other state except Nevada and Rhode Island. With 12 percent of America’s population, California has one-third of the nation’s welfare recipients. Each year, the evidence that businesses are leaving California or avoid locating there because of the high cost of doing business due to excessive state taxes and stringent regulations, grows. According to Spectrum Locations Consultants, 254 California companies moved some or all of their work and jobs out of state in 2011, an increase of 26 percent over the previous year and five times as many as in 2009.”
With California ranking the worst, it boggles the mind that either Oregon or Washington would follow their example for dealing with businesses, but that is exactly what both of the Democrat majority held states have done, Washington seeing a drop of 3 ranking positions to number 37 and Oregon gaining their own dubious distinction of the largest one year drop in this year’s ratings, falling from number 33 to number 42, placing them solidly in the 10 Worst States for Business.