DID YOU KNOW?
America’s Top 5 States for Business:
Best for Business
1 Minnesota
Here’s something we already knew – Minnesota has a great education system. Here’s something we didn’t – Minnesota is the best state for business.
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NBC, First in Business Worldwide, earlier this year announced the results of its ninth annual list of America’s Top States for Business. Minnesota, which took sixth place last year, came out on top, scoring 1,584 out of 2,500 points. Education was our best category followed by Quality of Life. However, we ranked 35th in Cost of Doing Business with one of the highest top individual income tax rates in the nation at 9.85 percent. Even so, Minnesota’s economy is among the healthiest in the nation with unemployment well below the national average.
Minnesota shows that there are multiple paths states can follow to be competitive, according to CNBC. And so far “it appears that businesses were willing to stay put in order to take advantage of the state’s excellent workforce, top-notch education system, and superb quality of life.” The worst state for business according to CNBC? Hawaii.
For more information, visit BusinessCentralMagazine.com
(Highest Rank - No. 2 in Education; Lowest Rank No. 35 in Cost of Doing Business)
2.Texas (Highest Rank - No.1 in Infrastructure; Lowest Rank - No. 33 in Quality of Life) 3.Utah (Highest Rank No.1 in Economy; Lowest Rank - No. 31 in Education) 4.Colorado (Highest Rank - No. 3 in Economy; Lowest Rank No. 36 in Cost of Doing Business)
5.Georgia (Highest Rank - No. 2 in Infrastructure; Lowest Rank - No. 36 in Quality of Life)
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