economic indicators

R.I. ranks No. 37 on best states for businesses list

COURTESY CHIEF EXECUTIVE MAGAZINE
RHODE ISLAND EARNED THE No. 37 slot on Chief Executive Magazine's 2013 list of the best and worst states for business.
Posted 5/9/13

GREENWICH, Conn. – Rhode Island earned the No. 37 slot on Chief Executive Magazine’s list of the “2013 Best & Worst States for Businesses,” moving two spots up from its 2012 ranking.

The magazine’s ninth annual survey of CEO opinion about the best and worst states in which to do business surveyed 736 CEOs, the highest response on record.

The executives were asked to grade states they were familiar with based on a variety of metrics including taxation and regulation, quality of workforce and living environment. The list also included a tax and regulatory trade as a key indicator.

Rhode Island earned the No. 37 spot, beating the majority of the New England states besides New Hampshire (No. 26) and Maine (No. 35).

Although the Ocean State did fairly well in the rankings, it earned 2.5 out of 5 stars for “living environment,” 2 stars for “workforce quality,” and only 1.5 stars for “taxation & regulations.”

“In the minds of most leaders, a state’s friendliness is closely aligned with its tax and regulatory regime,” said the magazine.

Rhode Island’s “development trend indicator,” was described as neutral. “Sky-high unemployment rate bespeaks continuing terrible business climate,” said the publication.

Of the other New England states, Massachusetts ranked worst at No. 47, followed by Connecticut at No. 45 and Vermont at No. 39.

For the ninth consecutive year, Texas ranked first. California ranked last and Florida, North Carolina, Tennessee and Indiana placed second through fifth, respectively.

To view the full list, visit: chiefexecutive.net

Calendar
PBN Hosted
Events

DEADLINE EXTENDED to Friday, October 3rd for applications for the 14th Annual Business Excellence Awards Program. And save the date for the Awards Dinner - November 12th at the Providence Marriott.
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement