State Ranks First in Study
Texas ranks top for business in study.
The results of the CNBC’s sixth-annual list of America’s Top States for Business, puts Texas in the top spot from last year’s winner, Virginia.
To determine the rankings for America’s Top States for Business, each state was scored, using publicly available data, on 51 different measures of competitiveness developed with input from business groups including The National Association of Manufacturers and The Council on Competitiveness as well as the states themselves.
States received points based on their rankings in 10 categories: Cost of Doing Business, Workforce, Quality of Life, Infrastructure & Transportation, Economy, Education, Technology & Innovation, Business Friendliness, Access to Capital and Cost of Living.
The top five:
1. Texas (Highest Rank - #1 in Infrastructure & Transportation; Lowest Rank - #35 in Quality of Life)
2. Utah (Highest Rank - #6 in Cost of Living; Lowest Rank - #45 in Education)
3. Virginia (Highest Rank - #3 in Business Friendliness; Lowest Rank - #33 in Infrastructure & Transportation)
4. North Carolina (Highest Rank - #3 in Workforce; Lowest Rank - #31in Economy)
5. North Dakota (Highest Rank - #2 in Economy; Lowest Rank - #47 in Technology & Innovation)