Illinois Gets Bad Grade for Business

In a survey of more than 500 CEOs, Chief Executive.net found that Illinois ranked 48 out of 50 on a list of the Best/Worst States for Business.

The CEOs ranked the states by taxes, regulation, workforce quality and living environment.

Illinois was third from the bottom, dropping 40 places in the last five years. The state was criticized for being in a “death spiral” and was said to be one of the states with “punitive” taxes and regulations.

See the full list below. Click on each state for more information:

2011
RANK
STATE 2010
RANK
CHANGE
1 Texas 1 0
2 North Carolina 2 0
3 Florida 6 3
4 Tennessee 3 -1
5 Georgia 7 2
6 Indiana 16 10
7 Virginia 4 -3
8 South Carolina 10 2
9 Utah 9 0
10 Nevada 5 -5
11 Oklahoma 19 8
12 Colorado 8 -4
13 Arizona 11 -2
14 Wyoming 15 1
15 South Dakota 14 -1
16 Delaware 12 -4
17 Kentucky 23 6
18 New Hampshire 18 0
19 Idaho 13 -6
20 Nebraska 22 2
21 North Dakota 24 3
22 Iowa 17 -5
23 Missouri 26 3
24 Wisconsin 41 17
25 Kansas 25 0
26 Alabama 20 -6
27 Louisiana 40 13
28 Montana 28 0
29 Minnesota 31 2
30 Arkansas 27 -3
31 Alaska 21 -10
32 New Mexico 29 -3
33 Oregon 38 5
34 Washington 30 -4
35 Rhode Island 39 4
36 Maine 37 1
37 Maryland 33 -4
38 Mississippi 35 -3
39 Pennsylvania 32 -7
40 Vermont 36 -4
41 Ohio 43 2
42 West Virginia 34 -8
43 Hawaii 42 -1
44 Connecticut 44 0
45 Massachusetts 46 1
46 Michigan 48 2
47 New Jersey 47 0
48 Illinois 45 -3
49 New York 49 0
50 California 50 0

Source: ChiefExecutive.net

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One Response to “Illinois Gets Bad Grade for Business”

  1. John C. Thomas says:

    Funny how the last three states on the list (California, New York, and Illinois) rank #1, #3, and #4 in terms of headquarters for Fortune 500 companies, and have 29% of the entire Fortune 500 list. Think there might be a political motivation in the rankings?

    http://money.cnn.com/magazines/fortune/fortune500/2010/states/CA.html