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A cool business climate

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By Harold Morgon

In the bottom center of the map lies New Mexico, a light orange blip in a sea of blue. Our distinctiveness bodes ill. The map shows state business climates based on a survey of 650 business leaders by Chief Executive Magazine.
Our light orange places us between two deep blue states, Texas and Arizona, respectively first and 10th in the survey. We rank 33rd in the 2012 survey. See chiefexecutive.net/best-worst-states-for-business-2012. On the map, New Mexico gains attention in a subtle way. We are one of two states between the left (er, west) coast and the Mississippi River to place below 31st in the CEO estimation. Minnesota is the other.
The magazine survey, being a survey of people, however informed and thoughtful, remains just a survey, short on data. The Brookings Institution and the CNBC Top States for Business report fill the gap.
Though Brookings only considers Albuquerque, the use of location quotients offers statewide insight, given that Albuquerque plus Santa Fe are half the state. Location quotients compare the given area’s concentration of employment in an industry to the national average.


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