Nevada is the Eighth Best State for Business, and Ranked Highest Among All Western States
CEOs like Nevada’s business-friendly tax rates and minimal regulations
Greenwich, Conn., May 7, 2015/PRNewswire/ -- Chief executives have shown that they favor pro-growth, low-tax states by ranking Nevada the eighth best state for business in Chief Executive magazine’s 2015 “Best and Worst States for Business” survey. This position is one higher than where the state placed in 2014.
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.
Chief executives report that Nevada has business friendly tax rates along with low governmental regulations. Additionally, there they are pleased with the highly educated, quality workforce coupled with reasonable costs of living. The new Tesla Gigafactory in Reno should only help improve Nevada as a hub for manufacturing and technology companies.
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 a vibrant workforces.
Four Western states made the top 20, while 6 landed a spot on the top 30:
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/.
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