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Arizona Is the 9th Best State for Business and the 2nd Highest-Ranked Southwestern State

Arizona Is the 9th Best State for Business and the 2nd Highest-Ranked Southwestern State

Low taxes and a quality workforce continue to attract new businesses

Greenwich, Conn., May 7, 2015/PRNewswire/ -- Chief executives have shown that they favor pro-growth, low-tax states by ranking Arizona as the ninth best state for business, according to 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.

While one CEO stated that, “Land deals and prisons are the money making enterprises encouraged by the governments in AZ,” most others praised the low taxes and quality workforce within the state. Reasonable housing costs and favorable weather conditions continue to help attract new businesses to the state.

PayPal, Quicken Loans, Shutterfly and US Airways are among the companies located in the Grand Canyon state.

Arizona ranked second behind Texas among Southwest states this year:

1   Texas

9   Arizona

16 Oklahoma

33 Arkansas

36 New Mexico

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.

In addition to CEO ratings on taxation and regulation, workforce quality, and living environment, the survey also provides 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/.

About Chief Executive

Chief Executive Group produces Chief Executive magazine (published since 1977)—the definitive source that CEOs turn to for insight and ideas that help increase their effectiveness and grow their businesses—ChiefExecutive.net, and conferences, roundtables and networks that enable top corporate officers to discuss key subjects and share their experiences within a community of peers. The Group also facilitates the annual "Chief Executive of the Year," a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of peers. Visit www.chiefexecutive.net for more information.

Media Contact:

J.P. Donlon

Editor-in-Chief

(203) 930-2704

jpdonlon@chiefexecutive.net