Some states are more business-friendly than others. Whether you're president of a large corporation or an insurance agent running a small business, tax rates, regulations, growth stance, and the quality of life found in your state have a big impact on your business' success.
According to the 2015 results of Chief Executive magazine's ”Best and Worst States for Business” survey, chief executive officers (CEOs) in the United States favor states that foster growth through progressive business development programs, low taxes and a quality living environment.
In the annual survey, completed by 511 U.S. CEOs, states were measured on three categories to achieve their overall ranking:
- Taxes and regulations
- Quality of the workforce
- Living environment (which includes quality of education, cost of living, affordable housing, social amenities and crime rates)
In 2015, one state remained the best state for business for the 11th year in a row. Can you guess which state has a hold on the No. 1 spot?
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Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
