Nevada near bottom of CNBC list of best states for business
29 June 2011
Nevada is near the bottom of yet another list, this time the best states in which to do business.
Nevada ranked at No. 45 on CNBC’s 2011 Top States for Business survey. But there is some good news: Nevada was up two spots from No. 47 in 2010.
The business news channel and website scored the 50 states on 43 measures of competitiveness developed with input from business groups, including the National Association of Manufacturers and the Council on Competitiveness.
The states received points for their rank in each metric. The categories included cost of doing businesses, quality of life, overall economy and education.
Nevada ranked at No 50 for its basic overall economic health and growth while North Dakota ranked the highest.
Nevada also ranked last for education, for which CNBC looked at K-12 education and the number of higher education institutions in the state.
Nevada best showing was in the business friendliness category — based on legal and regulatory framework — coming in at No. 17. The state ranked No. 18 in the workforce category, which was based on the quality and availability of workers, government-sponsored programs for them and union memberships.
Virginia took back the top spot on CNBC’s top states to do business 2011 list, knocking Texas to No. 2.
Rhode Island took the No. 50 spot.
The full list can be viewed here.
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