The southwestern state’s taxes are lower than the national average but GDP remains flat
FOR IMMEDIATE RELEASE – GREENWICH, CT, May 8, 2014 – Arizona held steady in the top 10, coming in 7th, in Chief Executive magazine’s annual Best & Worst States for Business survey, released today. Although down one spot from last year, the state’s position is still strong, having risen four spots last year.
TheBest & 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.
“This is exciting news for Arizona, and a true testament to the work we have been doing to attract businesses to our state,” Gov. Jan Brewer told Chief Executive magazine last February (in response to last year’s ranking). “In Arizona, we recognize and respect the crucial role that business has played in our economic recovery. I am thrilled to see that CEOs nationwide have taken notice of our lean regulations, low taxes and high-quality workforce. So long as I am governor, I will continue to make certain that Arizona remains one of the easiest states in the nation in which to do business.”
Arizona, which has been making news of late with the expansion of Apple’s sapphire plant in Mesa, has been cultivating high-tech innovation through its Innovation Challenge, which awards $250,000 to winning companies to start up their business in the sixth largest state.
“There is tremendous opportunity to be taken advantage of in Arizona if positioned appropriately,” said Marshall Cooper, CEO of Chief Executive magazine and ChiefExecutive.net. “We’re excited to see how the economy develops in the state over the 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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