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State ranks fifth on list of best in U.S. for business
Jul 25, 2013 - From staff reports
The Pollina lists evaluates states based on 32 factors controlled by state government, including taxes, human resources, education, legislation, energy costs, infrastructure spending, and state economic development efforts.
Wyoming ranks fifth in the nation as one of the best places to do business, according to the Pollina Corporate Real Estate's Top 10 Pro-Business States of 2013 study.
The prestigious annual study of job retention and creation measures a state's economic development prowess.
It is considered to be one of the most comprehensive and unbiased of its type for evaluating and ranking states based on 32 factors controlled by state government, including taxes, human resources, education, right-to-work legislation, energy costs, infrastructure spending, workers' compensation laws, economic incentive programs and state economic development efforts.
Mark Willis, Wyoming Business Council chief operating officer, said Wyoming's ranking is a testament to its pro-business commitment.
"We've had several notable economic successes in the last few years and we are committed to even more going forward," said Willis.
"We're proud of this ranking. It recognizes the hard work that the state and local entities have put in to creating an inviting business environment.
"Our economic development efforts have gained a lot of steam lately and we're glad Wyoming was recognized again as a top place to do business."
Brent Pollina, vice president of Pollina Corporate Real Estate Inc., said Wyoming has ranked in the top 10 states since 2004 when the study began.
"Wyoming does well in the Pollina Corporate Top 10 largely because of its low total tax burden."
Wyoming also scored points for having no income tax and for having passed right-to-work laws, among other criteria.
"Governor Mead recognizes that a competitive tax policy encourages businesses to create jobs, innovate and invest," said Pollina.
"Wyoming prides itself on being a Right-to-Work state with an excellent corporate tax structure.'
Wyoming was ranked highly for its low unemployment rate, and no state budget deficit, and the state a high high-school completion rate, and high teacher compensation.
To see the Top 10 list visit: http://www.pollina.com/top10probusiness.html.