2023 Competitiveness Redbook 2023 | Page 20

CNBC Top States for Business Rankings ( July 2022 )
Source : CNBC TABLE 13
Cost of
Business
Washington state ranked second overall in CNBC ’ s ranking of Top States for Business . Technology &
Innovation was the state ’ s best subcategory .
Economy
Quality of Life
Tech . & Innovation
Education
Cost of Living
Access to Capital
Rank 1 North Carolina
26
1
28
5
14
22
2
2 Washington
33
3
6
2
17
38
20
3 Virginia
25
20
13
17
2
30
6
4 Colorado
36
11
12
9
11
34
22
5 Texas
12
8
49
4
21
14
3
6 Tennessee
8
2
42
28
11
5
22
7 Nebraska
16
13
7
24
24
19
32
8 Utah
17
6
29
26
41
25
12
9 Minnesota
41
16
5
6
15
26
13
10 Georgia
38
7
39
12
10
4
13
11 Florida
30
4
39
16
19
27
22
12 Iowa
19
17
10
18
24
7
29
13 North Dakota
21
37
4
35
26
24
34
14 Indiana
2
10
43
23
35
9
13
15 Ohio
4
27
29
11
22
12
3
16 Michigan
9
21
29
15
27
12
11
17 Pennsylvania
22
45
22
7
5
32
9
18 Oregon
34
15
8
13
32
46
26
19 Illinois
31
44
23
8
6
20
8
20 Idaho
15
5
20
34
48
31
34
21 Kansas
6
43
29
38
20
2
19
22 South Dakota
11
12
27
36
39
29
10
23 Wisconsin
13
30
35
19
15
23
32
24 Massachussetts
49
26
13
10
1
47
6
25 Missouri
1
17
46
19
27
6
29
26 Kentucky
6
34
36
22
39
17
38
27 Maryland
44
31
18
14
18
44
13
28 Delaware
37
22
24
32
42
36
13
29 California
48
17
26
1
11
48
1
30 Montana
27
9
24
46
33
28
38
31 Vermont
39
33
1
37
8
41
45
32 Wyoming
23
40
20
40
29
20
45
33 Alabama
24
27
38
21
34
3
34
34 Arizona
35
22
50
29
42
33
41
35 New Hampshire
32
29
15
39
6
37
48
36 New York
42
36
19
2
4
49
5
37 South Carolina
28
13
47
31
29
18
41
38 Oklahoma
2
34
48
30
47
14
22
39 Connecticut
45
47
17
25
8
43
26
40 Nevada
20
25
41
47
50
35
26
41 Arkansas
13
24
37
40
37
10
20
42 New Jersey
43
50
8
27
3
40
13
43 Maine
40
32
2
44
23
39
47
44 West Virginia
10
39
34
49
44
8
38
45 Rhode Island
47
41
16
33
29
42
29
46 Hawaii
50
48
3
40
38
50
49
47 New Mexico
29
42
44
43
45
11
41
48 Louisiana
5
45
45
45
35
16
37
49 Alaska
46
38
11
50
49
45
49
50 Mississippi
17
49
33
48
46
1
41