Excuse the tongue and cheek title but we just wanted to get your attention. In case you missed it, Chief Executive magazine recently released its annual list measuring all 50 states based on business conditions such as regulation, tax policies and proximity to markets and resources.
Texas took the top spot for the fifth year in a row. Rounding out the top five are North Carolina, Tennessee, Virginia and Nevada. Now, here’s where it gets ugly – the bottom five.
Not surprisingly Massachusetts is in the bottom five among California, New York, Michigan and New Jersey. Considering Michigan and California have two of the highest unemployment rates in the country, this is not the kind of company the Bay State wants to be in.
This is a sad reality check that needs to be addressed with sound fiscal policy and innovative solutions. Unfortunately, the leadership in the corner office thinks raising taxes and fees and tightening regulation is the way to stimulate the economy. This news is a sad reminder that Massachusetts is far from being on the right track.