Illinois 3rd-worst in nation for business, CEO survey says

Illinois 3rd-worst in nation for business, CEO survey says


By Robert Channick
Tribune staff reporter
8:27 AM CDT, May 2, 2012

Illinois is the third worst state in the nation to do business, according to a national survey of CEOs released Wednesday. The state held on to 48th on the dubious list, which is published annually by Chief Executive magazine.

Only New York and California did worse than Illinois in the eighth annual survey of the Best and Worst States in which to do business, which asked 650 business leaders to grade states in a variety of areas including taxes, workforce and environment.

Texas was ranked the best state for business for the eighth consecutive year, followed by Florida, North Carolina, Tennessee and Indiana. Most of the top 20 states are also right-to-work states, a key factor in their attractiveness to CEOs, according to the survey.

Illinois received low grades in part due to its state and local tax burden, which stands at 9.97 percent, or .17 percent above the national average.

One CEO commented that "Illinois is in a race to the bottom," according to the survey, which can be found at Chief Executive's website.

rchannick@tribune.com
Twitter @RobertChannick


http://www.chicagotribune.com/business/breaking/chi-illinois-3rdworst-in-nation-for-business-ceo-survey-says-20120502,0,2143158.story

Editor's note: This Shark wonders how much of an effect the corrupt court system has on the choice of businesses? Lucius Verenus, Schoolmaster, ProbateSharks.com