Pollina Corporate Top 10 Pro-Business States
The International Monetary Fund states that the U.S. lacks a “credible strategy” to stabilize its mounting debt. The lingering recession, deficit spending, family debt, disastrous trade policies, offshoring of jobs, high taxes, taxloopholes, choking regulations, a decline in research and development, overzealous unions, out-of-control medical costs, and an outdated educational system are convincing evidence of the failure of the American economic model.
Most of these problems stem from political leadership, both Democratic and Republican, that has been unable to perceive and adjust to the rigors of a global economy and the competition it has created. This same leadership is so focused on each election and the funding necessary to win that it has lost sight of its responsibility to the American people.
The Pollina Corporate Top 10 Pro-Business States study, now in its ninth year, draws attention to those states with political leaders who have a strategic plan that works as well as states that need help. The study is a joint endeavor of the American Economic Development Institute (www.aedi.us) and Pollina Corporate Real Estate, Inc.
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.
Most of these problems stem from political leadership, both Democratic and Republican, that has been unable to perceive and adjust to the rigors of a global economy and the competition it has created. This same leadership is so focused on each election and the funding necessary to win that it has lost sight of its responsibility to the American people.
The Pollina Corporate Top 10 Pro-Business States study, now in its ninth year, draws attention to those states with political leaders who have a strategic plan that works as well as states that need help. The study is a joint endeavor of the American Economic Development Institute (www.aedi.us) and Pollina Corporate Real Estate, Inc.
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.
2012 Top 10 Pro Business Rankings
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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 AgencyFactors evaluation, examined 13 additional state government-controlled factors, including state financial incentive programs and state economic development department evaluations.
Each year, Pollina Corporate designates the states that we consider to have made the most significant three years improvements (+10 position shift) in terms of creating a pro-business environment. We also designate those states whose business climates are not keeping pace (-10 position shift) with their peers. These deserve extra attention so that their leadership can make appropriate corrections:
MOST IMPROVED
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GREATEST DROP
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Indiana +18
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Connecticut -21
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Arkansas +17
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Nevada -13
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Kentucky +16
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Illinois -12
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Alaska +11
Contributer: Brent Pollina
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