Good news out of Nebraska today, the Cornhusker State is the 4th best state for business. According to a new study from CNBC, Nebraska is one of the nation’s friendliest regulatory climates, it has a strong economy and has a high quality of life. These three metrics combine to make a state that is one of the best when considering whether to open a new business.
The study put together by CNBC scored all 50 states on 56 different measures of competitiveness. States then receive points based on their ranking within each of those metrics.
Nebraska currently boasts a 3.6 percent unemployment rate and a GDP growth of 1.5 percent. The state is the 10th- cheapest state to do business in. Although the state trails in innovation and access to capital, the benefits of having a business in Nebraska clearly outweigh those issues.
With a finish in the top 10 for Quality of Life and Business Friendliness, it is no surprise that many are wanting to bring their businesses to Nebraska. In order to boost Nebraska into the top 3, high business taxes must be reformed. The high costs of business taxes get passed on to consumers and that is hurting the people of Nebraska.
We must continue to advocate for less government intrusion in business, because it is obviously working to benefit Nebraskans. Less regulation is always best for business.