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Top 5 states for business in 2012
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Top 5 states for business in 2012
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CNBC's sixth annual ranking of the Top 5 States for Business is the most comprehensive yet, using 51 metrics developed with the help of the National Association of Manufacturers and the Council on Competitiveness, as well as input from the states themselves. States were allotted points in ten categories, including cost of doing business, quality of life, business friendliness, and cost of living. This year’s study comes amid slowly improving fortunes for the states. A recovering economy coupled with lingering fiscal restraint following the Great Recession are helping states improve their finances for the first time in years.
“Revenue performance remains positive, expenditures in most states are stable and few states have faced mid-year budget shortfalls in fiscal year 2012,” the National Conference of State Legislators reported in May. That means states can resume their focus on the battle for business — and jobs.
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These five states were the best places to do business in 2012, a year where states' financial fortunes finally saw improvement. Can you guess which state was number one?
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By Scott Cohn , CNBC Senior Correspondent
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