In what looks a lot like a way to spark interest in the spring release of its annual ranking of state business climates based on CEO perceptions, Chief Executive magazine just published a list of how governors responded to the 2013 rankings. Here’s how the magazine conducts its ranking.
Business leaders were asked to grade states with which they are familiar on a variety of competitive metrics that CEOs themselves regard as critical. These include: 1) taxation and regulation; 2) quality of workforce; and 3) living environment. The tax and regulatory grade includes a measure of how CEOs grade a state’s attitude toward business, a key indicator.
Governor Jay Inslee (edited):
CEO perceptions are important, because there’s always something more we can do to improve our business climate. For example, we’re developing a regulatory-process index to track reductions in red tape and quantify savings to businesses … [Our] economy is one of the fastest-growing in the nation … We know that we can’t rely upon legacy or luck for the next Amazon, Boeing, Microsoft, or Starbucks to land here. That’s why we’re collaborating on efforts that improve our capacity to commercialize university research, encourage startups, produce a pipeline of highly trained workers with advanced skills, maintain modern public infrastructure and an efficient multi-modal transportation system, generate abundant and affordable clean energy, and do our best to ensure that our communities offer quality of life and opportunity for all residents.
We take a closer look at the whole business of ranking business climates in Characteristics of a Healthy Business Climate.