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Health |
Energy |
Gov't Regs |
Taxes |
Work-force |
Hous-ing |
MKT Demand |
Rent |
Financ-ing |
Trans-port |
Land |
Very
Significant |
71% |
49% |
35% |
33% |
24% |
24% |
22% |
22% |
19% |
13% |
10% |
Somewhat
Significent |
17% |
32% |
30% |
21% |
31% |
22% |
23% |
26% |
19% |
21% |
11% |
Not Very
Significant |
2% |
6% |
10% |
9% |
13% |
12% |
11% |
9% |
18% |
16% |
15% |
Not At All
Significant |
9% |
13% |
24% |
36% |
33% |
41% |
44% |
43% |
43% |
50% |
64% |
Health care costs are by far the most significant impediment to growth. 88% of CEO's cite health care costs as a "very significant" (71%) or "somewhat significant" (17%) impediment to business expansion. While this is probably true nationwide, the high cost of heath care in Massachusetts has contributed to making health care costs the number one business impediment across regions and sectors in terms of intensity.
The more traditional dominant impediment issue, energy, was cited next at 81% but only 49% said it was "very significant" with 32% saying it was "somewhat significant". The survey was taken before the recent run up in oil prices so this may have changed over the past few months but not such that it would replace health care as the number one most intense impediment.
Surprisingly government regulation was cited as the third most significant impediment with 65% saying it was "very significant" (35%) or "somewhat significant" (30%). Lack of available work force and taxes were cited next at 55% and 54% respectively with affordable housing mentioned as an impediment by 46%.
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Questions
"How significant, if at all, is each impediment to your business expansion?"
(Read and Rotate)
Health care costs
Energy costs
Government regulations
Lack of available workforce
High taxes
Rent costs
Availability of affordable housing
Lack of adequate demand
Availablility of financing
Employee transportation
Lack of available land
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Survey methodology
Survey instrument
Polling links
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| A joint project of |
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John W. McCormack
Graduate School
of Policy Studies |
Center for Economic
and Civic Opinion |
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