Georgia lauded for doing a good job of both attracting and keeping businesses in the state
GREENWICH, Conn., May 7, 2015 /PRNewswire/ — Chief executives have shown that they favor pro-growth, low-tax states by ranking Georgia the fifth best state for business in Chief Executive magazine's 2015 "Best and Worst States for Business" survey.
In the annual survey, completed by 511 U.S. CEOs, states are measured across three categories to achieve their overall ranking: Taxes and regulations, quality of the workforce, and living environment, which includes such considerations as quality of education, cost of living, affordable housing, social amenities and crime rates.
CEOs reported that Georgia has low tax and regulatory hurdles, along with a high-quality workforce and a strong living environment for employees. One executive commented, "Georgia works very hard at both attracting and keeping businesses with jobs in the state." Business executives applaud the strong alliance between the state and Georgia Power, and the recent agreement to build a new Mercedes-Benz manufacturing plant demonstrates the state's pro-business policies.
State governments use the survey results to help determine how to improve their regulatory environment to attract more businesses, while corporations use the data to decide where to build facilities and attract vibrant workforces.
With their ocean ports and other strong transportation options, Southeast states dominated the top 5 ranking this year:
|
2 |
Florida |
|
3 |
North Carolina |
|
4 |
Tennessee |
|
5 |
Georgia |
|
7 |
Louisiana |
CEO ratings, in addition to information on taxation and regulation, workforce quality, and living environment, also provide data on state GDP, unemployment rate, domestic migration, and state/local tax burden.
For complete results, including individual state rankings on multiple criteria, CEO comments, methodology and more, please visit http://chiefexecutive.net/best-worst-states-business/2015/.
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