GREENWICH, Conn. (WVLT) -- Tennessee has held on to its Top 5 spot in a new survey ranking best states to do business, according to Chief Executive magazine.
The Volunteer State held on to its 4th place ranking, trailing only Texas, Florida, North Carolina. Florida and North Carolina switched spots this year, while Indiana eked up one notch to round out the Top 5.
An unidentified CEO was quoted as saying about Tennessee, “Recently moved from New York state to Tennessee. Differences in ambience/climate/cost of living/attitude of government towards business are outstanding!”
The survey measures the sentiment of CEOs on business conditions around the country along a broad range of issues from regulations and tax policies to work force quality and quality of living.
Louisiana made the biggest jump, moving from the bottom half all the way up to the lucky 13 position. Oregon, on the other hand, dropped nine spots down to 42nd.
The bottom three states remained the same from 2011, with California coming in dead last, behind New York and Illinois. Massachusetts fell behind Michigan which moved up one slot to 46th.