Illinois ranked among worst states for business

Posted on: 3:58 pm, May 2, 2012, by

business handshake

Chief executive officers from 650 companies ranked Illinois among the worst states for business conditions in the U.S.

The list is the result of an annual “Best and Worst States Survey” conducted by Chief Executive magazine.

The surveyed executives evaluated states on criteria such as regulations, tax policy, quality of living, infrastructure and workforce quality.

For the eighth consecutive year, Texas was ranked best in the survey, followed by Florida, North Carolina, Tennessee and Indiana.

The five worst states on the survey list are California, New York, Illinois, Massachusetts and Michigan.   California was ranked worst of all states because of “its hostility to business, high state taxes and overly stringent regulations, which is driving investment, companies and jobs to other states,” according to the survey authors.

Illinois was ranked 48 out of 50 states for the second year in a row.

Read the full survey here:  http://chiefexecutive.net/best-worst-states-for-business

Here is the list from best to worst:

Texas

North Carolina

Florida

Tennessee

Georgia

Indiana

Virginia

South Carolina

Utah

Nevada

Oklahoma

Colorado

Arizona

Wyoming

South Dakota

Delaware

Kentucky

New Hampshire

Idaho

Nebraska

North Dakota

Iowa

Missouri

Wisconsin

Kansas

Alabama

Louisiana

Montana

Minnesota

Arkansas

Alaska

New Mexico

Oregon

Washington

Rhode Island

Maine

Maryland

Mississippi

Pennsylvania

Vermont

Ohio

West Virginia

Hawaii

Connecticut

Massachusetts

Michigan

New Jersey

Illinois

New York

California