Best States for Business: #6
Wyoming
Open for Business Index Score: 84.35
A state’s tax burden is one of the most important parts of the Open for Business Index. Wyoming scored best of all in that category, and the state scored very well in government as a percent of GDP, education and protections for employees with a Right to Work law. Average numbers in percentage of labor represented by unions, health, and tort law also made Wyoming desirable for business. The state’s businesses face headwinds in cost of living, costs of employees, and infrastructure.
Worst States for Business: #6
California
Open for Business Index Score: 62.25
It seems given that California will rank near the bottom of any competitiveness index, but the Golden State escaped our bottom five by posting respectable numbers in infrastructure. California’s scores in health, government as a percent of GDP, and education were decent. California ranked near the bottom in percent of employees represented by unions, cost of living, tax burden, cost of employees, and tort law. California does not protect its citizens from forced unionization with a Right to Work law.
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 #5 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.
