Marketing firm Development Counsellors International recently released its sixth "Winning Strategies in Economic Development Marketing" survey.
Including more than 300 executives from companies across the country, the DCI survey aims to identify the states with the strongest and weakest reputations among the business community and identify the factors that make them appealing places to do business.
For the fifth straight time, Texas was rated the most appealing business destination, mentioned by 49.4 percent of respondents. North and South Carolina followed with 27.8 percent and 14.3 percent of respondents, two more long-standing locations at the top of the rankings. New York, California and Illinois were rated as the worst places to do business, largely because of high costs and high taxes.
These kinds of reputations can prove crucial for states looking to attract business, as 46 percent of respondents reported they expect to make a siting decision of some kind within the next two years.
"With the battle for business more intense than ever, states and their economic development organizations need to pay close attention to the results of this survey," Andrew Levine, president of DCI, said in a statement. "Whether accurate or misguided, perceptions about a location's business climate often play a crucial role in site selection decisions and where companies invest money and create jobs.