America’s Top States for Business 2023: The full rankings

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America’s Top States for Business 2023: The full rankings

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To rank America’s Top States for Business in 2023, CNBC scored all 50 states on 86 metrics in 10 broad categories of competitiveness. Each category is weighted based on how frequently states use them as a selling point in economic development marketing materials. That way, our study ranks the states based on the attributes they use to sell themselves. We developed our criteria and metrics in consultation with a diverse array of business and policy experts, and the states. Our study is not an opinion survey. We use data from a variety of sources to measure the states’ performance. Under our methodology, states can earn a maximum of 2,500 points. The states with the most are America’s Top States for Business.

AMERICA’S TOP STATES FOR BUSINESS 2023

OVERALL RANK STATE WORK- FORCE INFRA- STRUCTURE ECONOMY LIFE, HEALTH & INCLUSION COST OF DOING BUSINESS TECHN & INNOVATION BUSINESS FRIENDLI- NESS EDUCATION ACCESS TO CAPITAL COST OF LIVING 
1North Carolina116334186107627
2Virginia7101316341561425
3Tennessee935437271951522
4Georgia81439271935212314
5Minnesota17324439430132017
6Texas2242501682535122
7Washington52317737322321744
8Florida1514141262026361636
9Utah62963822237442339
10Michigan242629246121536107
11Colorado910328381018211235
12Ohio3962123416404053
13Indiana3559445222245133
14Arizona371535331813421740
15Massachusetts1334268491193347
15Pennsylvania2417182724113113616
17Illinois2823317321439269
18Delaware4191021422426462730
19New Jersey162119344214841130
20New York461812144154613646
21Oregon143226631943302048
22Maryland2815311147724211327
23Iowa2326421320273326351
23Kansas301040301334115452
25California12263719451479149
26Idaho2038833212514473040
27South Carolina318746133732274121
28Nebraska3635342219338204012
29Vermont4137391403116103236
30Nevada119113130479502536
31Connecticut21334210431316132734
32Missouri492116452302911177
33Wisconsin38392036171733133520
34South Dakota4731283111422273727
35Montana4240232822354134145
36North Dakota4325461829441214117
37Wyoming1836352528502113022
38Kentucky33292536104140364517
39Maine2250382344026194832
40New Hampshire344244153635483240
41Oklahoma362030493382148255
42Alabama44132146123242343711
43New Mexico27453629242744214726
44Arkansas31461442154944422012
45Rhode Island19444812462537412943
46West Virginia504148261474932395
47Hawaii4043415503936365050
48Mississippi454847399465027419
49Louisiana4846454874537303214
50Alaska26495020484312494932

Source: https://www.cnbc.com/2023/07/11/americas-top-states-for-business-2023-the-full-rankings.html