Monday, December 12, 2011

Pennsylvania is the 26th Best State for Business

Forbes Magazine has come out with its annual ranking of the best states for business.  It bases its rankings on a variety of criteria, including:

  • Business costs
  • Labor supply
  • Regulatory environment
  • Economic climate
  • Growth prospects
  • Quality of life
  • Population
Pennsylvania came in 26th.  Hurting the state was its relatively low business costs and labor supply ranking, though the state does have the 6th best quality of life in the survey.

As for the rest of the survey: Utah is the best while Maine is the worst (for the 2nd year in a row).  In general, the West ranked best in the entire region.  

A companion piece, the best states for jobs, showed similar rankings.

2 comments:

Jon Geeting said...

The fact that Utah came in first highlights the absurdity of this exercise. It's like when South Dakota topped the specious Economic Freedom Index earlier this year. Obviously NYC and LA are the nation's biggest markets, and therefore the best places to do business. Every state should be working to improve its "supply side" regulatory climate, but any index that comes out with Utah as the best place to do business clearly is using a mistaken methodology.

Ashok Singh's Blog said...
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