The nation’s CEOs once again selected Florida the second-best state in the U.S. to do business, according to results from a new report released by Chief Executive magazine. Southeast states, with their ocean ports and transportation options, dominated the top five rankings.Texas was ranked No. 1 for the second year in a row, followed by Florida. North Carolina, Tennessee and Georgia rounding out the top five.
The magazine surveyed 511 CEOs on states with which they were familiar, rating each one on taxes and regulations, quality of the workforce and living environment. CEOs surveyed favored pro-growth, low-tax states in ranking states as “best” for doing business. Craig Barrett, founder of NBI Properties, said that the many investors he deals with would say Florida ranks first as the best state for business.
“CEOs and investors know that Florida is pro-business,” he said. “Here on the Emerald Coast, we see that many businesses and industrial development are helping to diversify the economy. The investors we work with are well aware that Florida is not just about tourism anymore.”
For the 10th year in a row, California was ranked the “worst state for business” with CEOs commenting that the state is “anti-business” and has an unfriendly regulatory and tax environment. State governments use the annual survey findings to help determine how to improve their regulatory environment to attract new businesses, while corporations use the data to determine where to build offices and other operations.