Measuring a state’s business competitiveness is challenging. It’s not always clear-cut. In this light, CNBC’s business analysis shows some interesting findings.
Overall, CA ranked 32 out of 50. In some categories such as technology and access to capital, California ranked high (number two overall in both); however, California ranked last in overall business friendliness.
In addition, California was found to be one of the costliest states in which to conduct business, ranking 49th overall. A full recap of how California performed in the data can be seen in the chart.
The top-five Business-Friendly States rated over a decade by CNBC are:
- Texas
- Virginia
- Utah
- Colorado
- North Carolina
CNBC calculated the cumulative scores of all 50 states, both overall and in each of its 10 categories of competitiveness. Under its methodology, those categories have remained constant since its first study in 2007; only the weights of the categories have shifted to reflect the changing competitive landscape. So this analysis represents some 30,000 pieces of data and a possible 1.25 million Top States points across 50 states over 10 years.
You can see the full report by clicking here.