gains ground as business state
May 2, 2012
six spots in the latest poll of where CEOs prefer to do business,
Chief Executive magazine’s annual Best & Worst States Survey.
State ranked no. 35 in this year’s survey, released Wednesday. For the
year in a row, CEOs bestowed the no. 1 rating on Texas.
& Worst States Survey measures the sentiment of CEOs on
around the nation. For the latest ranking, 650 CEOs from across the
evaluated the states on a broad range of issues, including regulations,
policies, workforce quality, educational resources, quality of living
rose one spot to take the no. 2 rank, while North Carolina slipped to
Tennessee remained at No. 4 while Indiana climbed a spot to capture the
the worst states to do business as California, New York, Illinois,
Massachusetts and Michigan.
magazine said Ohio’s development trend indicator was positive and that
“public pension ploy didn’t work, but bellwether state is going
has lost several big headquarters in recent years, such as NCR Corp.
of Dayton to relocate near Atlanta and Chiquita Brands moving from
to Charlotte, the state has made gains recently. Caterpillar has set up
facility in the Dayton region, and all three of the big Detroit
made investments in facilities in the state. General Electric also is
its operations in the state, including a $65 million investment in
where it is opening a new R&D center.
report, CEOs gave Ohio three of five stars for taxation and regulations
as living environment, but the state got four of five stars for
business environments mean less jobs, as entrepreneurs and established
corporations seek more cost-efficient and tax-friendly locales, said
Cooper, CEO of Chief Executive magazine and ChiefExecutive.net. “This
shows that states that create policies and incentives are rewarded with
investment, jobs and greater overall economic activity.”
comments about Ohio were mixed:
“Litigation environment is critical to a good business environment.
Ohio is moving in the right direction.”
• “Ohio is
depressed with low levels of communication between government and
Government believes miracle corporations coming to Ohio to “save” the
yet employee base is not trained in high tech or significant
fill the jobs. It’s very frustrating to attempt to improve backward
• “Ohio is
improving with new governor.”
• “Ohio, Indiana
& Texas are very pro-business in many areas.”
“Pennsylvania, Ohio and California have a lot of red tape to deal with.
captive workers comp program is the bureaucracy from hell!”
• “We only
have operations in Ohio currently. Hope to shed more light on other
our opportunities grow.”
was the biggest gainer in the survey, rising 14 spots to be the No. 13
attractive state in the country to do business. The biggest loser was
which dropped nine spots to No. 42.
surveyed said California’s poor ranking is the result of its hostility
business, high state taxes and overly stringent regulations, which is
investment, companies and jobs to other states. According to Spectrum
Consultants, 254 California companies moved some or all of their work
out of state in 2011, an increase of 26 percent over the previous year
times as many as in 2009.
“CEOs tell us that California seems to be
doing everything possible to drive business from the state. Texas, by
has been welcoming companies and entrepreneurs, particularly in the
arena,” said J.P. Donlon, editor-in-chief of Chief Executive magazine