Life-sciences victories help boost the state to top half in job growth last year
FOR IMMEDIATE RELEASE – GREENWICH, CT, May 12, 2014 – CEOs were very pleased with the business economy in Missouri this past year, and they showed it with their votes. Missouri jumped nine points—more than any other state—to 22nd, becoming a “Top 25” state in which to do business, according toChief Executive magazine’s annual Best & Worst States for Business survey.
The Best & Worst States Survey gauges the sentiment of CEOs on a variety of measures that they themselves have viewed as critical. These include the tax and regulatory regime, the quality of the workforce, and the quality of the living environment. Five hundred CEOs participated in the 2014 survey. The rankings are crucial, as CEO sentiment drives investments in offices, factories and other facilities that bring jobs to a region.
Missouri is home to Monsanto, Emerson Electric and Express Scripts. Both Missouri’s unemployment and tax rates are lower than the national average. In addition, Ford has made a sizeable investment in the state with its van production facility in Claycomo.
Media reports of flat tax revenues amid higher spending could put the state’s ranking at risk if they change their tax structure. Moreover, two pieces of legislation-one to outlaw direct car sales and another to block unions from collecting and spending worker fees-could help secure Missouri’s economic stability going forward.
“Missouri CEOs responded positively in our survey about the business environment in their home state and for good reason,” said Marshall Cooper, CEO of Chief Executive magazine and ChiefExecutive.net. “It will be interesting to see how they work to maintain and even improve their position over the next year with these issues on the table.”
For complete results, including individual state rankings on multiple criteria, CEO comments, methodology and more, visithttp://chiefexecutive.net/2014-best-worst-states-for-business.
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