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Kansas is the 26th Best State for Business in Chief Executive’s “Best & Worst States for Business 2014” Survey

Historic tax cuts may help job growth

FOR IMMEDIATE RELEASEGREENWICH, CT, May 13, 2014 – CEOs rated Kansas the 26th best 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.

“Kansas just went to zero income tax on Sub S income; great idea which may not last,” one CEO said. “Excellent for business owners to have extra capital to reinvest in their businesses by lowering income taxes. In my opinion, we are on the lower end of regulation and bureaucracy. What really separates Kansas from my experience is the excellent work ethic and Christian and community values we find in the employees we recruit. The employees make the business.”

According to the U.S. Bureau of Labor Statistics, 46,000 new jobs were added to the Kansas economy over the last three years. Compared to neighboring states, Kansas ranks fourth out of five for job growth. However, when looking at the 58,000 jobs Kansas lost in 2009, according to the Kansas City Star, it appears that Kansas is on its way back up.

“We are seeing positive results of the actions we’ve taken to make Kansas an even better state in which to live, work and raise a family,” Gov. Sam Brownback told Chief Executive magazine in February (regarding last year’s ranking). “Businesses recognize the advantage of a state with a skilled workforce, a good quality of life and business-friendly policies.”

For complete results, including individual state rankings on multiple criteria, CEO comments, methodology and more, visithttp://chiefexecutive.net/2014-best-worst-states-for-business.

5 Best States for Business

Rank 2014

Texas

1st

Florida

2nd

Tennessee

3rd

North Carolina

4th

South Carolina

5th

Source: Chief Executive magazine/ChiefExecutive.net

5 Worst States for Business

Rank 2014

California

50th

New York

49th

Illinois

48th

New Jersey

47th

Massachusetts

46th

Source: Chief Executive magazine/ChiefExecutive.net

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Chief Executive Groupproduces Chief Executive magazine (published since 1977), and chiefexecutive.net, including e-newsletters and online content, as well as conferences and roundtables that enable top corporate officers to discuss key subjects and share their experiences within a community of peers. The Group also facilitates the annual "CEO of the Year," a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of peers. Visitwww.chiefexecutive.net for more information.

Contact:

J.P. Donlon

Editor in Chief

Chief Executive magazine

203-930-2704

jpdonlon@chiefexecutive.net