According to the latest Chief Executive survey on the Best & Worst States for Business, upward mobility remains achievable thanks to new economic development drivers.
The survey, which gathered insights from over 600 CEOs nationwide, revealed that 44% of respondents are considering opening or expanding operations in a new state, while 35% are contemplating shifting their existing operations. Topping the list of best states for business is Arizona, with the Greater Yuma Region emerging as an ideal location for various industries.
The Greater Yuma Region is particularly attractive to businesses due to its strategic location, robust infrastructure, and favorable economic conditions. Situated near major transportation corridors, including Interstate 8 and Interstate 10, Yuma provides easy access to major markets in California, Texas, and Mexico. The region is also served by the Union Pacific Railroad and the Yuma International Airport, facilitating efficient logistics and supply chain management.
Moreover, Yuma offers a competitive cost of living and doing business, with lower labor and operational costs compared to larger metropolitan areas. The region’s pro-business environment is bolstered by state and local incentives, including tax credits, workforce training programs, and expedited permitting processes. Additionally, Yuma’s diverse economy, which spans agriculture, manufacturing, and renewable energy, provides ample opportunities for businesses to thrive and innovate.
The 2024 results highlight familiar top performers, with Arizona, North Carolina, Indiana, Georgia, Nevada, Utah, and South Carolina securing spots in the top 10.
Written partially with AI