2024 Competitiveness Redbook | Page 20

CNBC Top States for Business Rankings ( July 2023 )
Source : CNBC TABLE 13
Cost of Business
Economy
Quality of Life
Tech . & Innovation
Education
Cost of Living
Access to Capital
Rank 1 North Carolina
18
3
34
6
7
27
6
2 Virginia
34
13
16
15
1
25
4
3 Tennessee
7
5
43
27
5
22
15
4 Georgia
27
4
39
19
21
14
23
5 Minnesota
39
24
4
4
13
17
20
6 Texas
16
2
50
8
35
22
1
7 Washington
37
17
7
3
32
44
17
8 Florida
26
1
41
20
36
36
16
9 Utah
22
6
38
23
44
39
23
10 Michigan
6
29
24
12
36
7
10
11 Colorado
38
32
8
10
21
35
12
12 Ohio
4
21
23
16
40
3
5
13 Indiana
5
9
44
22
45
3
13
14 Arizona
33
15
35
18
42
40
17
15 Massachussetts
49
26
8
1
3
47
3
15 Pennsylvania
24
18
27
11
13
16
6
17 Illinois
32
33
17
14
2
9
6
18 Delaware
42
10
21
24
46
30
27
19 New Jersey
44
19
3
21
4
30
11
20 New York
41
12
14
5
13
46
6
21 Oregon
31
26
6
9
30
48
20
22 Maryland
47
31
11
7
21
27
13
23 Iowa
20
42
13
27
26
1
35
23 Kansas
13
40
30
34
5
2
45
25 California
45
37
19
1
9
49
1
26 Idaho
21
8
33
25
47
40
30
27 South Carolina
13
7
46
37
27
21
41
28 Nebraska
19
34
22
33
20
12
40
29 Vermont
40
39
1
31
10
36
32
30 Nevada
30
11
31
47
50
36
25
31 Connecticut
43
42
10
13
13
34
27
32 Missouri
2
16
45
30
11
7
17
33 Wisconsin
17
20
36
17
13
20
35
34 South Dakota
11
28
31
42
27
27
37
35 Montana
22
23
28
35
13
45
41
36 North Dakota
29
46
18
44
21
17
41
37 Wyoming
28
35
25
50
11
22
30
38 Kentucky
10
25
36
41
36
17
45
39 Maine
34
38
2
40
19
32
48
40 New Hampshire
36
44
15
35
8
40
32
41 Oklahoma
3
30
49
38
48
5
25
42 Alabama
12
21
46
32
34
11
37
43 New Mexico
24
36
29
27
21
26
47
44 Arkansas
15
14
42
49
42
12
20
45 Rhode Island
46
48
12
25
41
43
29
46 West Virginia
1
48
26
47
32
5
39
47 Hawaii
50
41
5
39
36
50
50
48 Mississippi
9
47
39
46
27
9
41
49 Louisiana
7
45
48
45
30
14
32
50 Alaska
48
50
20
43
49
32
49
Washington State ranked 7th overall in CNBC ’ s ranking of Top States for Business . Technology & Innovation was the state ’ s best subcategory .