The PIA Western Alliance states of Arizona and Nevada are ranked eight and nine in a list of the best states in which to do business in 2015. The listing was released a week ago in a study titled Best and Worst States for Business by the CEO-based magazine Chief Executive.
The survey looks at taxes and regulations, the quality of the workforce and the state’s living conditions. They are defined as the cost of living, affordable housing, social amenities, crime rates and the quality of education.
Two PIA Western Alliance states — Oregon and California — are among the 10-worst states to do business. They’re 42 and 50 respectively and California is the worst of the bunch.
The PIA Western Alliance state of Idaho made the most improvement between 2014 and 2015. The state jumped 10 spots from 28 to 18. High growth in the gross domestic product is the reason.
Compared with 2014, Idaho has made the largest improvement in the CEO survey, rising 10 spots to number 18, primarily due to high growth rates in GDP
The rest of the PIA Western Alliance states land somewhere in the middle.
Texas has sat atop the survey for the last 11-years. As for California and Oregon, the survey said, “California and Oregon are essentially anti-business, whereas Texas and Tennessee do everything possible to make business comfortable and more successful.”
One CEO who took part in the survey said, “The good states ask what they can do for you; the bad states ask what they can get from you.”
These are the PIA Western Alliance states:
8. Nevada — no change from last year
9. Arizona — dropped two spaces from 7
18. Idaho — last year 28 — gained a lot of ground
29. Montana — last year 31 — gained ground
32. Washington — last year 33 — gained ground
34. Alaska — last year 32 — lost ground
36. New Mexico — last year 30 — lost a lot of ground
42. Oregon — last year 38 — lost a lot of ground
50. California — last year 50
10 Best States for Business
1. Texas — Since 2007 when the recession began, Texas has created 1.2 million jobs. That’s more than the other 49 states combined. The other states created a little more than half that many at 700,000.
3. North Carolina
8. Nevada — Nevada was number eight last year, too. CEOs love the business-friendly tax rates, few government regulations and a highly educated workforce and a cost of living considered reasonable.
9. Arizona — Though it dropped two notches from seven to nine, Arizona has all of the things CEOs like — low tax rates, housing costs considered reasonable, great weather, etc. The state is so attractive that it’s attracting and keeping big businesses like Walmart, FedEX, Honeywell, JPMorgan Chase and a bunch of others.
10. South Carolina
Source links: Chief Executive, PropertyCasualty360.com