Mississippi landed in 39th place in the 2015 Chief Executive magazine survey of best states to do business based on surveys of chief executive officers around the country.
The ranking represented a drop of two spots from the 2014 list. While Mississippi found itself sandwiched between West Virginia and Maryland, neighboring Tennessee landed in fourth place and Louisiana in seventh.
Alabama received a 17th place ranking and Arkansas a 33rd place.
Texas and Florida kept the first and second place rankings they received in 2014.
California remained in the 50th spot. New York stayed at 49.
The results of the 11th annual survey clearly show that CEOs favor states that foster growth through progressive business development programs, low taxes and a quality living environment, the magazine said in its introduction to the rankings.
The magazine surveyed 511 CEOs on states with which they were familiar, rating each on taxes and regulations, quality of the workforce and living.
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