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Examining State Business Climates
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By Erica Michel and
Luke Martel |
Vol . 19, No. 46/ November-December 2011 |
General Information
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Several factors determine a state’s business climate.
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Many states are focusing on how to improve their business climate to attract new firms and create more jobs. A combination of factors determine a state’s business climate including operation costs, workforce skills, taxes and regulations, as well as the quality of life and cost of living. State lawmakers often focus on lowering taxes and reducing regulations. Although these factors can and do influence business actions, several other important issues are often overlooked.
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