-->

Conservative Daily News - The best news, analysis and opinion articles written by a collection of citizen journalists. Covering a range of important topics in blogs, op-ed, and news posts, these upstanding patriots are bringing back American exceptionalism with every entry..

Texas, North Carolina and South Carolina Viewed as Best States for Business

California, New York and Illinois Ranked as Worst for Business

NEW YORK, Sept. 19, 2011 /PRNewswire/ – TexasNorth Carolina and South Carolina are viewed as having the best business climates among the 50 states, according to a new survey of U.S. corporate executives released here today.

The poll pinpointed California, New York and Illinois as the U.S. states with the least favorable business climates.

Conducted by Development Counsellors International (DCI) every three years, the “Winning Strategies in Economic Development Marketing” survey has tracked trends in economic development since its inception in 1996.

“With the battle for business more intense than ever, states and their economic development organizations need to pay close attention to the results of this survey,” said DCI President Andrew T. Levine. “Whether accurate or misguided, perceptions about a location’s business climate often play a crucial role in site selection decisions and where companies invest money and create jobs.”

Nearly half (46%) of the 322 corporate executive who responded to the survey indicated that their firm would make a location decision in the next 24 months – whether a move, expansion or consolidation of a manufacturing plant, offices, distribution center or other facilities. More than half (51%) said that they would outsource a portion of the site selection process to a real estate broker or site selection consultant.

Texas was the clear-cut favorite among the respondents to the survey, with 49.4% naming the Lone Starstate as having one of the most favorable business climates in the nation. North Carolina ranked second with 27.8%; South Carolina has 14.3% of the votes. Texas and North Carolina have consistently landed in the top spots since the survey began more than a decade ago. Texas has held the #1 ranking since 1999, while North Carolina has been #2 since 2002. South Carolina, Tennessee and Florida have frequently traded top positions in the survey and 2011 marks the return of South Carolina to the #3 slot.

When asked why they selected the states they did as being best for business, the corporate executives frequently cited low operating costs and a pro-business climate. In the 2008 survey, more executives pointed to the availability of a strong workforce than they did in 2011.

For the fourth consecutive time, California was deemed as having the least favorable business climate, with 70.5% of the responses. New York was named second most frequently with 46.5%, followed byIllinois (24.4%) Taxes, high costs and “anti-business climate/regulation” spurred most of the negative opinions.

The comprehensive survey also asked a series of questions to divine the most effective economic development marketing tools, the leading sources of information that influence executive perceptions of a community’s business climate and the most important factors in business location decisions.

DCI conducted the survey online, polling a random selection of C-level executives at U.S. companies with annual revenues of $25 million or more. The survey was augmented by 250 location advisors/consultants.

For a free copy of the full “Winning Strategies” survey report or an executive summary, visit www.aboutdci.com/winning-strategies.

Best States for Business

1. Texas 49.4%
2. North Carolina 27.8%
3. South Carolina 14.3%

Worst States For Business

1. California 70.5%
2. New York 46.5%
3. Illinois 24.4%
Rich Mitchell is the Sr. Managing Editor of Conservative Daily News. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and google+
Conservative Daily News allows a great deal of latitude in the topics contributors choose and their approaches to the content. This is due to our approach that citizens have a voice, not only the mass media. Readers will likely not agree with every contributor or every post, but find reasons to think about the topic and respond with comments. We value differing opinions as well as those that agree. Opinions of contributors are their own and do not necessarily reflect those of CDN, Anomalous Media or staff. Click here if you'd like to write for CDN.
Put This Story in your Circles and Share with your Friends

Tags: , , , , , , ,

Comments (0)

Trackback URL | Comments RSS Feed

  1. Vicky says:

    Alakazaam-ionfratmion found, problem solved, thanks!

  2. DJ says:

    Florida is coming around and 2012 should be a real good year– unless Obamanomics taxes us all out of business before then.