Recently, CNBC compiled a ranking for the top states for business. CNBC scored all 50 states on 56 measures of competitiveness, developed using input from business groups, economic development experts, companies and the states themselves. States receive points based on their rankings in each metric.
Below are the top 12 states. The complete ranking can be found here.
As an investor, the cost of doing business is a metric always being evaluated during the growth phase. During the scaling phase, management needs to conserve capital and make certain all financial decisions are in the best interest for the constant growth of the company. Below is a map showing how each state measures up in the costs associated with doing business in the state.