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Idaho Ranks as the 28th Best State for Business in Chief Executive’s “Best & Worst States for Business 2014” Survey


Idaho exempts small business from some property taxes but job picture slides

FOR IMMEDIATE RELEASEGREENWICH, CT, May 14, 2014 – CEOs rated Idaho as the 28th best state in which to do business, according toChief Executive magazine’s annual Best & Worst States for Business survey. This position is down seven spots from last year and 10 from 2012.

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.

Idaho’s GDP growth (0.4%) is lower than the national average, but so are its unemployment and tax rates (5.7% and 9.4% respectively).

Gas pipelines could provide the boost that the Idaho economy needs. In addition, an Idaho Division of Financial Management report states that non-farm employment in the potato-growing state should return to pre-recession levels by next year.

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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Chief Executive magazine
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jpdonlon@chiefexecutive.net