Is The American Eagle Still Flying High?

North Dakota had the fastest growing economy in 2011

. According to the business website CNN MONEY, North Dakota's 7.6% growth rate was attributed to oil reserves and to the limited supply of housing due to the influx of oil workers. Oregon (4.7%) was second due to the manufacturing of long-lasting items like semiconductors. West Virginia (4.5%) was third thanks to coal mining. For Texas (3.3%) computer and electronics manufacturing were more important than oil in making it fourth, but oil reserves were the only industry making Alaska (2.5%) fifth. These are 5 examples of the economy being in a "state of grace".

CNN MONEY also determined Oklahoma City is the most business-friendly city. A 2011 survey of 6,000 small businesses in the 40 largest metro areas considered such factors as hiring, licensing, regulation and zoning. In addition to high rankings in those categories, Oklahoma City has a low cost of living and an economy buffered by oil and natural gas industries. Dallas-Fort Worth was second due to Texas' low taxes and tort reform law that helps shield businesses from lawsuits. As well as benefiting from those, third place San Antonio benefits from nearby military bases. In these 3 cities it's not "business as usual".

Arizona is the most entrepreneurial state. That was the finding of the 2011 Kauffman Index of Entrepreneurial Activity. Arizona's startup rate of 520/100,000 adults was attributed to low business and property taxes and low workers' compensation costs. Both Texas and California had startup rates of 440/100,000. Texas has no personal or corporate income taxes and California has Silicon Valley, Hollywood and long-time unemployeds starting businesses. Laid-off workers starting businesses was the primary reason for Colorado's startup rate of 420/100,000. Finally, Alaska - 410/100,000 - has low business taxes and no state income tax and sales tax. Nevertheless, Alaskan entrepreneurs could get "cold feet".

Honolulu is the most traffic-jammed city. The 2011 National Traffic Scoreboard was based on 200,000 road segments totaling more than 300,000 miles of major highways, arterials and city streets nationwide. According to the Scorecard, Los Angeles was second followed by San Francisco; New York City; and Bridgeport, Connecticut. However, looking at the nation as a whole, traffic congestion decreased an average of 30% from 2010. Of course, the good news is also the bad news. Americans drove less because of lack of employment and high gas prices. It's the economy that's 'driving - us to distraction'.

by: Knight Pierce Hirst

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