Montana ranked 28th as the best state to do business in Chief Executive’s eighth annual survey of 650 business leaders in which states were ranked on areas such as tax and regulation, living environment and work-force quality.
Texas topped the list, according to the May 2 article by JP Donlon. Rounding out the top 10, in order, were: Florida, North Carolina, Tennessee, Indiana, Virginia, South Carolina, Georgia, Utah and Arizona.
The Treasure State’s neighbors ranked higher. North Dakota was 15th (21 in 2011), Wyoming 16th (14 in 2011), Idaho was 18th (19 in 2011) and South Dakota was 19th (15th) in 2011.
According to the magazine, Texas got “high marks foremost for its business-friendly tax and regulatory environment. But its work-force quality, second only to Utah’s, is also highly regarded.”
The magazine noted that cost 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.” Montana is not a right to work state. According to USLegal.com, Right-to-work laws are “state laws that prohibit both the closed and union shop.” And adds that right to work laws lets employees decide if they want to join or financially support a union.
In a grid addressing the states, Montana was marked as being in an upward direction. A comment from CEOs was: “Politicians address effects of dangerous jobs in boosting worker’s comp rates.”
Last year, Montana state government enacted workers’ compensation reform that officials hoped would cut rates on an average of 20 percent. Even then, Montana is expected to have the highest workers’ compensation rates in the country.