Published on July 15th, 2012 | by Guest Writer0
America’s Top States for Business – IN Ranks 14th
Photo above: Vladamir Pcholkin | Photographer’s Choice RF | Getty Images
CNBC released their study, “America’s Top States for Business 2012″, this past week and Indiana moved from 15th to 14th place. Indiana saw improvement in its ratings for workforce, economy, business friendliness, and cost of living.
We suffered declines in cost of doing business, education and access to capital.
All other categories remaining fairly stable from last years ranking.
Access to capital, or venture capital, is one area of concern for Indiana as our ranking dropped from 14th to 37th place which is fairly dramatic. It would show that innovation and creativity are down in the state. Our drop in education is also a red flag since education and business go hand in hand. Education also plays into quality of living scores and Indiana still finds itself near the bottom of the rankings at 40th place.
CNBC scores all 50 states on the criteria they use to sell themselves. This year’s analysis is the most comprehensive yet, using 51 metrics developed with the help of theNational Association of Manufacturers and the Council on Competitiveness, as well as input from the states themselves.
“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.
The top state was Texas and second place went to Utah. Due to a major decline with infrastructure issues, Virginia no longer found itself in the top two spots.
The following chart was found at http://www.cnbc.com/id/46415117.
|Category||Score||2012 Rank||2011 Rank|
|Cost of Doing Business||221||16||8|
|Quality of Life||133||40||40|
|Infrastructure & Transportation||198||18||21|
|Technology & Innovation||121||23||22|
|Access to Capital||31||37||14|
|Cost of Living||44||7||15|
In case you’re wondering, the worse states for business were Mississippi, Alaska, West Virginia, Hawaii, and Rhode Island.