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Business Climate

All articles tagged with #business climate

Infrastructure Takes the Lead in CNBC’s 2026 States for Business Ranking
business5 days ago

Infrastructure Takes the Lead in CNBC’s 2026 States for Business Ranking

CNBC's 2026 Top States for Business, now in its 20th year, ranks all 50 states using 138 metrics across 10 categories. Infrastructure is the top-weighted factor and permitting ease is counted for the first time, with the economy sliding to second and workforce remaining key. Ohio leads, followed by North Carolina and Virginia, with Texas and Minnesota rounding out the top five, reflecting shifts in how states balance infrastructure, economy, and workforce to attract investment.

via CNBC|
#business#business-climate#cnbc
ExxonMobil to relocate legal domicile to Texas after shareholder approval
business1 month ago

ExxonMobil to relocate legal domicile to Texas after shareholder approval

ExxonMobil shareholders approved moving the company’s legal domicile from New Jersey to Texas, aligning its legal home with its Texas-based operations to capitalize on a more business-friendly regulatory climate. The board-backed relocation faced warnings from advisory firms that it could hinder shareholder lawsuits, and underscores Texas’s growing appeal as a domicile for major companies (Exxon has a large Texas presence and about 75% of U.S. employees there).

via Houston Public Media|
#business#business-climate#corporate-domicile
Portland’s post-pandemic tax surge tests business resilience
business6 months ago

Portland’s post-pandemic tax surge tests business resilience

Portland-area businesses have seen a surge in taxes since 2019, with new levies and higher rates across payroll, property, and corporate taxes; 2023 taxes paid by Portland-area businesses rose to about $1.4 billion, up from $781 million in 2019, driven by the Paid Leave Oregon payroll tax (2023), the corporate activity tax (2020), the preschool-for-all funding (2020), parks and library property taxes (2021), and the gross receipts tax (2019). Business leaders warn the growing tax burden hurts Portland’s economy and competitiveness and call for tax simplification and easier land access to encourage investment as Oregon’s economy shows signs of weakness.

via Oregon Public Broadcasting - OPB|
#business#business-climate#corporate-activity-tax
Pritzker Opposes Chicago's Proposed Corporate Head Tax Amid Budget Concerns
politics8 months ago

Pritzker Opposes Chicago's Proposed Corporate Head Tax Amid Budget Concerns

Illinois Governor JB Pritzker opposes Chicago Mayor Brandon Johnson's plan to reintroduce a tax on large corporate payrolls, arguing it would deter major employers and harm the city's economic recovery efforts. Pritzker advocates for cost-cutting measures instead to address the city's budget deficit and improve Chicago's business environment.

via Bloomberg|
#business-climate#chicago-tax#corporate-payroll-tax
Study Reveals High Taxes and Poor Business Climate Threaten NY's Status as US Finance Capital
economy2 years ago

Study Reveals High Taxes and Poor Business Climate Threaten NY's Status as US Finance Capital

New York's position as the nation's financial services capital is being threatened by high taxes and a poor business climate, leading to a decline in the population of high-income residents. A study by the Business Council of New York State revealed that states like Texas, Florida, North Carolina, and Georgia have been attracting talent and investment in the finance sector, while New York's employment growth has remained below national trends. The study emphasizes the need for New York to address its tax burden, business climate, and cost of living to maintain its position as a leader in finance and insurance. The state's financial services industry is crucial to its economy, with each employee generating nearly three additional jobs in other sectors.

via New York Post |
#business-climate#economy#finance-industry