How Friendly Is Your State To Manufacturing? Find Out In A New Report
Last week, Conexus Indiana released a report that evaluates the business climate in each state for manufacturing and logistics firms. According to Conexus, “The 2015 Manufacturing and Logistics Report Card shows how each state ranks among its peers in several areas of the economy that underlie the success of manufacturing and logistics.” The firm looked at the overall health of each state’s manufacturing and logistics industries, the state’s human capital assets, the cost of worker benefits, the diversification of the industries in each state, state-level productivity and innovation, expected fiscal liability, the tax climate, and the global reach of each state.
States were given grades of A to F based on the outcome of Conexus’s evaluation.
In terms of overall manufacturing industry health, only five states, Indiana, Iowa, Kansas, Michigan and South Carolina, received A grades. Minnesota, Nebraska, New Hampshire, North Dakota and Washington won top honors for their human capital while Florida, Indiana, Missouri, Montana and Utah had the best tax climates. See how your state ranked in all of the categories here.
If you’re interested in reading more on how individual states’ policy climate can affect businesses, we urge you to read this new report from Bloomberg BNA on how states’ tax climates affect business investment.