Pollina Corporate Top 10 Pro-Business States

“Rapid technological advances will spread a new wave of automation across the U.S., increasing unemployment, depressing American consumer spending and further shrinking the middle class. It is a Catch 22—we need automated manufacturing if we are to compete internationally, but this means fewer jobs,” says economist and corporate relocation expert Dr. Ron Pollina in the just-released Pollina Corporate Top 10 Pro-Business States for 2014, co-published with the American Economic Development Institute (www.aedi.us).

“That means the middle class will spend less on discretionary items, which will result in decreased income for businesses producing products and services for the domestic market, thereby pressuring these companies to lay off workers. This is the cycle the American people and American companies servicing the domestic market are currently caught up in,” Dr. Pollina explains.

“But a handful of states have shown exemplary leadership in growing their economies and employment base while countering these trends by improving their business environment, adding new companies and growing existing companies. These states have broken the bonds that hold others back and positioned themselves for success today, tomorrow and the remainder of the decade, which is a remarkable achievement in the aftermath of the Great Recession.”

The Pollina Corporate annual 50-state ranking indicates how well each state has or has not positioned itself to retain and create jobs as well as sustain America’s middle class. Now in its tenth edition, the study has also become an important tool for corporations to evaluate their current and future U.S. locations.

The study examines 32 factors relative to state efforts to be pro-business and has become recognized as the “Gold Standard” for evaluating states. It is the most comprehensive and impartial examination (with no advertising) of states available.

The Top 10 states listed below exhibited leadership that truly understands the importance of producing the best business environment, and thus the best opportunities for job growth and economic prosperity. All 10 top-ranked states should be held up as models for the other 40 states and the federal government.

2014 Top 10 Pro Business Rankings
1 Utah 6 North Dakota
2 Wyoming 7 Indiana
3 Nebraska 8 Missouri
4 Virginia 9 South Carolina
5 Kansas 10 South Dakota

In the U.S. today, if you combine state, local, and federal taxes, the tax burden on companies is among the highest the world.  Add labor costs, and we are one of the highest cost nations to do business in.  American companies, if they are to survive in a global economy, must be located in the most pro-business locations possible.

The Pollina Corporate Top 10 Pro-Business States study is based on 32 factors that our clients indicate are most important and more than 30 years of experience as site selectors.  We weigh all factors based on the requirements of our corporate clients and our three decades of site selection experience.

Our ranking takes a comprehensive two-stage approach.  Stage I, Labor, Taxes and Other Factors, is based on 19 factors, including taxes, human resources, right-to-work legislation, energy costs, infrastructure spending, worker compensation legislation, and jobs lost or gained. Stage II, Incentives and State Economic Development Agency Factors evaluation, examined 13 additional state government-controlled factors, including state financial incentive programs and state economic development department evaluations.

Visit the AEDI Website for the full 50 State Ranking and to download the report.

For Inquiries: Contact Brent Pollina @ (847) 685-9000 x228 or bap@pollina.com

 

probusiness

Pollina Corporate Top 10 Pro-Business States Annual Study


selloutsuperpower

Selling Out a Superpower by Ronald R. Pollina PhD.

 

 

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