Wyoming has once again been recognized as one of the best places in the United States to do business with a fourth-place ranking in Pollina’s Corporate Real Estate’s Top 10 Pro-Business States for 2011.
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. Two new factors – state budget deficit and state property tax index – along with a comprehensive State Report Card were added to this year’s study.
Bob Jensen, Wyoming Business Council CEO, said Wyoming’s ranking is a testament to its pro-business commitment.
"This most recent Pollina ranking continues to showcase Wyoming as a premiere place for business expansion and relocation," said Jensen. "Wyoming has had numerous economic development successes recently that underscore the positive business environment here. We`re pleased to be recognized by Pollina once again and will continue to work hard to provide a high quality, low cost environment for businesses to grow."Brent Pollina, vice president of Pollina Corporate Real Estate and author of the study, says the results add credibility to Wyoming’s claim as an extremely attractive place to do business.
“Wyoming is a solid Pollina Top 10 Pro-Business state placing No. 4 for 2011. It has been a consistent pro-business winner in economic development, ranking among the Pollina Top 10 Pro-Business states since the study was started in 2004,” Pollina said.
Wyoming prides itself on being a right-to-work state with no individual income taxes, no inventory tax, and generally low operating costs for business. With no individual income taxes and a third-place ranking for business income taxes, the state has an overall attractive tax position. Wyoming has the second lowest cost of electricity in the country and an excellent high-school completion rate as well as high teacher compensation. Wyoming also recently claimed the ranking of Best Performing State Economy (The Atlantic, 2010), and the Best Run State in America (24/7 Wall St., 2010).
To see the Top 10 list visit: http://www.pollina.com/top10probusiness.html