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Nevada tops U.S. Chamber of Commerce rankings list

By ThisIsReno

GOVERNOR’S OFFICE NEWS RELEASE

CARSON CITY – Nevada ranks high on the U.S. Chamber of Commerce’s recently released “Enterprising States: Recovery and Renewal for the 21st Century” report.

“To be ranked first in export intensity growth and export growth among other Western states like Alaska, California, Hawaii, Oregon and Washington is a real point of pride for our state,” said Nevada Governor Brian Sandoval.

The study, Enterprising States, focuses on what makes certain states attractive places to locate, relocate and expand in this uncertain economy; the unintended consequences of cutting certain items from a state budget and what types of investments the public and private sectors can make now to improve the economy in the future.

“Ranking high on the U.S. Chamber list will help Nevada overcome negative perceptions that exist in the marketplace,” said Michael Skaggs, executive director of the Nevada Commission on Economic Development. “For example, ranking third in Science Technology Engineering and Mathematics (STEM) job growth demonstrates that Nevada has a growing skilled workforce ready for business looking to relocate or expand in Nevada.”

Nevada’s places in the rankings:

1st       Export Intensity Growth

1st       Export Growth

2nd      State and local tax burden

2nd      Small business survival index

3rd       STEM (Science, Technology, Engineering, Mathematics) job growth

4th       Business birth rate

4th       Business tax climate

4th       Job placement efficiency

5th       Entrepreneurial activity

9th       Long term job growth

9th       Gross state product growth

9th       Growth in share of national exports

“Signs of increased economic activity are beginning to emerge,” Sandoval said. “Having the U.S. Chamber of Commerce recognize the variety of areas where Nevada excels bodes well for getting Nevadans back to work, attracting new businesses to the state, growing existing businesses and fulfilling opportunities to bring Nevada into its new economic reality.”

The entire report can be found at http://www.uschamber.com/sites/default/files/reports/ES2011-full-doc-web.pdf.

This information was previously released by the Nevada Commission on Economic Development.