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Nebraska Fifth in Business-Friendliness

Add another economic development feather in Nebraska’s cap: we’re #5 out of 50 in business-friendliness. Our friends from DED have the skinny below. A quick question: what does this ranking mean to you?

Nebraska is fifth in Pollina’s Top 10 Pro-Business States ranking

(Lincoln, Neb.) Nebraska has been named one of America’s ten most business-friendly states for 2011 by Pollina Corporate Real Estate, Inc., a national leader in corporate site selection based in Chicago. The ranking is based on independent research conducted by Pollina.

Nebraska ranked fifth, only behind Virginia, Utah, North Dakota and Wyoming. It also moved up a spot from its 2010 sixth-place ranking. States rounding out the top ten were Kansas, South Dakota, Missouri, South Carolina and Indiana.

“You can’t hold Nebraska back! Nebraska has once again climbed on the list of pro-business states, moving from #6 to #5,” said Dr. Ronald R. Pollina.  “In 2008, Nebraska held the #15 position and has climbed ten positions in just three years. Governor Dave Heineman’s inspired political leadership coupled with economic development powerhouses give state residents much to be proud of.”

“Nebraska again serves as a beacon for all states to replicate when it comes to retaining and growing jobs and businesses in the nation,” said Richard J. Baier, Director, Nebraska Department of Economic Development. “We have continued to improve our business-friendly atmosphere, and Pollina, among other national experts, acknowledges our state’s economic development growth.”

The report states that Nebraska had an excellent Stage I-Labor, Taxes and Other Factors rank of 6th.  In addition, Nebraska has low unemployment and low state budget deficit, as well as Right-to-Work status. In terms of Stage II-Incentives and Economic Development Agency Factors, Nebraska continued its strong showing by placing 10th, reflecting its emphasis on providing tools necessary for businesses to grow.

“Many companies need to stop thinking about Nebraska as just an agricultural state. With less than three percent of its labor force employed in agriculture, Governor Heineman is clearly focused on building diverse job opportunities for his state’s citizens,” said Dr. Pollina.

Considered one of the most, if not the most comprehensive study of its type, the Pollina Corporate Top 10 Pro-Business States annual study analyzes and identifies the most effective state governments at creating pro-business environments. The study examines 32 factors controlled by state government, including taxation, human resources, infrastructure, economic incentive programs and state economic development efforts.

Since 2004, the study has been covered by The Wall Street Journal, Forbes, CBS, NBC, CNN and NPR, as well as TV and radio stations, and newspapers across the nation. Several reports consider the Pollina Corporate Top 10 Pro-Business States study to be the “Gold Standard” by which all states should be judged.

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