Colorado is among the country's best places to do business, new rankings reveal.
To rank America’s Top States for Business in 2022, CNBC scored all 50 states on 88 metrics in 10 broad categories of competitiveness. Each category is weighted based on how frequently states use them as a selling point in economic development marketing materials. That way, our study ranks the states based on the attributes they use to sell themselves. We developed our criteria and metrics in consultation with a diverse array of business and policy experts, and the states. Our study is not an opinion survey. We use data from a variety of sources to measure the states’ performance. Under our methodology, states can earn a maximum of 2,500 points. The states with the most are America’s Top States for Business, according to AXIOS.
Driving the news: The Centennial State came in fourth on CNBC's 2022 list of the best states for businesses.
Last year, we were ranked eighth.
Details: The state received high marks based on the strength of its workforce — at the top of the heap nationwide — as well as its education system, technology and innovation.
Yes, but: We were docked points for our high cost of living, access to capital and cost of doing business. In that last category, Colorado ranks 36th nationwide.
Of note: North Carolina snagged the No. 1 spot — the state's first time at the top.
Get the full list here.
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