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Texas Tops 2013 CEO Rankings

GREENWICH, Conn., May 7, 2013 – For the ninth year in a row, CEOs ranked Texas as the #1 state in which to do business and California as the worst, according to Chief Executive magazine's annual rankings. The remaining top states all retained the positions they held last year, with Florida at #2, North Carolina at #3, Tennessee at #4, and Indiana at #5. Placing 49th and 48th respectively, New York and Illinois trailed only California as worst states for business, according to CEOs. Massachusetts and New Jersey rounded out the bottom five.

“Texas is probably the most business friendly state I've ever been in and supports the efforts of new and existing businesses,” said Bob Stout, president and CEO of Times Supermarkets.

Best 5 States for Business

Rank 2012

Rank 2013

Texas

1st

1st

Florida

2nd

2nd

North Carolina

3rd

3rd

Tennessee

4th

4th

Indiana

5th

5th

Source:  Chief Executive magazine (ChiefExecutive.net)         

Worst 5 States for Business

Rank 2013

Rank 2012

California

50th

50th

New York

49th

49th

Illinois

48th

48th

Massachusetts

47th

47th

New Jersey

46th

45th

Source:  Chief Executive magazine/ChiefExecutive.net

Holding the No. 1 position for several years, Texas continues to impress CEOs with the attention it gives to conditions for job creation, noted Chief Executive magazine. Full rankings coverage resides at ChiefExecutive.net.

“Few states make business-friendly policies a priority,” says J.P. Donlon, Editor-in-Chief of Chief Executive magazine and ChiefExecutive.net. “Among them, Texas is exemplary and continues to come out on top in our perennial survey of CEOs’ take on which states are best and worst for business.”

Chief Executive magazine’s annual Best & Worst States Survey reveals CEOs’ thinking on issues such as regulations, tax policies, workforce quality, educational resources, quality of living and infrastructure. For the 2013 survey, 736 CEOs from across the country evaluated the 50 U.S. states between Jan. 16 and Feb. 14, 2013.

“Glad to become part of the ‘TEXodus’ and moved from CA to TX—been really terrific for us,” said Bill Mapp, chairman, CEO and founder of McKinney, Texas–based Servergy, Inc.

The economy remains weak, yet many states continue to consider and implement new taxes on business. Add to that the coming avalanche of regulatory compliance and associated penalties, fees and costs related to the Affordable Care Act, key provisions of which are set to become law over the next several months and years.

“Regulations and associated costs are on the rise,” said Marshall Cooper, CEO of Chief Executive magazine and ChiefExecutive.net. “More than ever, the incentive for states to create conditions as favorable as possible for doing business is urgent. CEOs and entrepreneurs vote by taking their business where conducting business is welcomed and straightforward to do, and they refrain from investing their efforts and dollars in states that fail to meet these conditions.”

For complete results, including individual state rankings, an interactive map and methodology, please visit chiefexecutive.net.


Biggest Gainers

Positions Gained

Ohio

+13

Minnesota

+6

Alabama

+5

Arizona

+4

Kansas

+4

Source:  Chief Executive magazine (ChiefExecutive.net)         

Biggest Losers

Positions Lost

Delaware

-13

Mississippi

-8

Missouri

-7

Kentucky

-4

Wyoming

-4

Source:  Chief Executive magazine (ChiefExecutive.net)         

About Chief Executive

Chief Executive Group produces Chief Executive magazine (published since 1977), ChiefExecutive.net, and conferences and roundtables that enable top corporate officers to discuss key subjects and share their experiences within a community of peers.  The Group also facilitates the annual "Chief Executive of the Year," a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of his or her peers.  Visit www.chiefexecutive.net  for more information.

Contact:

J.P. Donlon

Chief Executive magazine

203-930-2704

jpdonlon@chiefexecutive.net