NASHVILLE, Tenn., April 24,
2024 /PRNewswire/ -- CEOs surveyed for Chief
Executive magazine's annual list of the Best and Worst States
for Business ranked New Hampshire
as the top Northeastern state and the 24th-best state for business
overall, moving up four spots from its location last year. The
rankings, released in the Spring issue of Chief Executive,
reflect New Hampshire's ongoing
efforts to invest in their local economy.
The ranking is based on a survey of more than 500 CEOs across
the country who were asked to rate states based on their opinion of
how easy it was to do business in that state versus others.
New Hampshire's favorable ranking
is due in part to record exports and new factory development.
"New Hampshire offers a
competitive advantage to companies looking to establish or expand
their presence in the region," says Chris
Chalk, Publisher, Chief Executive magazine. "With no
state income tax, a low overall tax burden and a highly educated
workforce, the state is an ideal choice for businesses looking to
succeed and grow."
The Granite State may be small, but
it's making a big name on the global stage. New Hampshire's exports surpassed $7 billion in 2022, a record and $1 billion more than in 2021. A large portion of
this was driven by electrical machinery, which is the state's top
export. State officials credit the success to the "pro-business,
pro-worker agenda" and the hard work local companies have done
securing new global markets during the disruption from the
pandemic.
Here's what some of the CEOs we surveyed had to say about why
they ranked New Hampshire so
highly:
"These states are income tax free which results in lower cost of
operations due to lower labor costs. They also are lower
regulation states which makes the cost and ease of doing business
there more attractive. Because low tax states attract
workers, the labor pool is growing which makes staffing
easier."
"New Hampshire is great with
reasonable rules and red tape is easy because you can talk with
real people."
The Top 5 States for 2024:
1. Texas
2. Florida
3. Tennessee
4. Arizona
5. North Carolina
The Bottom 5 States for 2024:
46. Washington
47. New Jersey
48. Illinois
49. New York
50. California
Biggest Gain, 2023-24:
North Dakota, + 13 to 16th
place
Biggest Loss, 2023-24:
Colorado, - 16 to 29th
place
Enhanced Coverage online:
https://chiefexecutive.net/best-worst-states-business/
About Chief Executive/Chief Executive Group
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worldwide, exists to improve the performance of U.S. CEOs, CFOs,
CIOs, CHROs and corporate directors. We publish Chief Executive
magazine, ChiefExecutive.net, Corporate Board Member magazine,
BoardMember.com, StrategicCFO360.com, StrategicCIO360.com and
StrategicCHRO360.com, and run some of the nation's most essential
peer-networking communities, including The CFO Leadership Council,
Chief and Senior Executive Networks, Corporate Board Member Network
and The American College of Corporate Directors. Learn more at
ChiefExecutiveGroup.com.
For media inquiries, please contact:
Dan Bigman, Editor, Chief
Executive, 203-889-4980, 376650@email4pr.com
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SOURCE Chief Executive Group