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The 10 Best and 10 Worst States for Business: #5

July 24, 2012 By E.J. Smith - Your Survival Guy

We have reached the halfway point in our countdown of the 10 Best and Worst States of Business. From here on out, the best states for business are the elite, the top 5 states in the country. And the worst states for business are the bottom-of-the-barrel, those in need of the most change. If you’re planning to open a business and can afford to choose your location, we urge you to consider one of our elite five states. If you are in business already, and you are located in one of our bottom five, perhaps it is time to take stock of what your state offers and to consider alternatives.

Best States for Business: #5

Virginia

Open for Business Index Score: 84.4

Virginia is the first member of our elite five states. The Old Dominion has achieved a strong position in a number of our grading categories. Virginia is ranked near the best in the size of government, percentage of the workforce represented by unions, infrastructure and tort law. Virginia also protects its citizens from forced unionization with a Right to Work law. Virginia scores around average in health, education, cost of living and tax burden. Virginia’s worst score came in the cost of employing labor.

Worst States for Business: #5

Vermont

Open for Business Index Score: 60.1

Back in 1989 Greg Guma wrote his book, The People’s Republic: Vermont and the Sanders Revolution. In 2012 our Open for Business Index illustrates just what happens when a state abandons business owners with a bottom five ranking for Vermont. But let’s start with the good. Vermont has the nation’s healthiest citizens—after that our index gets ugly. Vermont scores below average in all other categories, and near the bottom in cost of living, tax burden and infrastructure.

See #1 in each category by clicking here.

See #2 in each category by clicking here.

See #3 in each category by clicking here.

See #4 in each category by clicking here.

See #6 in each category by clicking here.

See #7 in each category by clicking here.

See #8 in each category by clicking here.

See #9 in each category by clicking here.

See #10 in each category by clicking here.

Related Posts

  • The Open for Business Index
  • The 10 Best and 10 Worst States for Business: #10
  • The 10 Best and 10 Worst States for Business: #4
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E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

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