Republican governors lead all ten of the best states for business
“The Lone Star State has been able to match and then exceed pre-Recession employment levels faster than any state in the nation,” said Business Facilities Editor in Chief Jack Rogers in a statement on the rankings.
Here’s the list of the ten states with the “best business climate” in 2012:
1 TEXAS — Gov. Rick Perry, R — took office in 2000Gov. Rick Scott, R-Fla., received praise for “eliminat[ing] hundreds of regulations he says are impeding business expansions and new facilities in the Sunshine State.” Such an economic policy contrasts with President Obama’s, given his penchant for mandating regulations that each cost over $100 million a year, according to a new House report.
2 UTAH — Gov. Gary Herbert, R — took office in 2009
3 VIRGINIA — Gov. Bob McDonnell, R — took office in 2009
4 FLORIDA — Gov. Rick Scott, R — elected in 2010
5 LOUISIANA — Gov. Bobby Jindal, R — elected in 2010
6 INDIANA — Gov. Mitch Daniels, R — elected in 2004
7 SOUTH CAROLINA — Gov. Nikki Haley, R — elected in 2010
8 TENNESSEE — Gov. Bill Haslam, R — elected in 2010
9 GEORGIA — Gov. Nathan Deal, R — elected in 2010
10 NEBRASKA — Gov. Dave Heineman, R — elected in 2006
The praise Business Facilities lavishes on some of these governors at times undermines a growing criticism of Obama in the wake of the Solyndra debacle. “With mega-incentives for big-ticket projects and low business taxes, Utah has succeeded in convincing tech giants including Adobe and eBay to put major operations in the Beehive State,” Business Facilities says. Herbert gave Adobe, for instance, a $40 million tax break in order to lure the company to his state.
If beneficial in the short term, such subsidies create a culture of government involvement in the market that leads to the kind of crony capitalism that cost taxpayers so dearly when Solyndra — a company funded by an Obama campaign fundraiser — went bankrupt after receiving a $535 million loan from the Energy Department.
“In order to stop the flow of subsidies to politically connected businesses, Romney should simply stop the flow of subsidies,” The Washington Examiner’s Tim Carney wrote in his column this week.