Once again Illinois ranks 48th state to do business. Only New York and California ranked worse.
Texas was ranked the best state for business for the eighth consecutive year, followed by Florida, North Carolina, Tennessee and Indiana. Most of the top 20 states are also right-to-work states, a key factor in their attractiveness to CEOs, according to the survey.
State and local taxes also played a role with Illinois having a tax burden of 9.97%, or .17% above the national average.
You can see the full report at the Chief Executive’s website.