Nevada Drops Two Spots In Business Climate Survey But Still Ranked High By CEOs

CARSON CITY – Nevada has dropped two spots to rank 12th in the latest survey of company executives on the best and worst states to do business.

In the eighth annual survey by Chief Executive magazine of chief executive officers, Texas claimed first for the eighth time, and California came in last for the eighth time.

This year 650 business leaders responded to the 2012 survey, up from 550 in 2011.

CEOs were asked to grade states in which they do business on the issues of tax and regulation, quality of workforce and living environment. The results were released earlier this week.

While Nevada continues to rankly highly, it has been losing ground. In 2010 Nevada ranked 5th in the survey.

Florida ranked No. 2 in the 2012 survey, followed by North Carolina, Tennessee and Indiana.

“It may be no accident that most of the states in the top 20 are also right-to-work states, as labor force flexibility is highly sought after when a business seeks a location,” said JP Donlon, editor-in-chief of the publication. “Several economists, most notably Ohio State’s Richard Vedder and Harvard’s Robert Barro, have found that the economies in R-to-W areas grow faster than other states, have higher employment and attract more inward migration.”