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Connecticut Ranks 46th In CNBC Ranking


Courant Staff Report

The Hartford Courant

5:08 PM EDT, June 25, 2014

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The cable business news channel CNBC has released its annual list of America's Top States for Business, and Connecticut is near the bottom at No. 46.

"The Constitution State offers world-class education, and strong access to capital. It is one of the most expensive states in the U.S., and this has hampered the economy," CNBC writes in its annual list, posted to cnbc.com.

Connecticut dropped one spot from 2013, when it was No. 45.

Filling out the bottom of the list, beginning with No. 46, are Alaska, West Virginia, Hawaii and Rhode Island. The top five states, beginning at No. 1, are Georgia, Texas, Utah, Nebraska and North Carolina.

CNBC said it uses 56 measures to calculate the numbers. States receive points in each metric, and those points are separated into 10 categories that are weighted "based on how frequently they are cited in state economic development marketing materials."

Connecticut's highest ranking (5) was in the education category, lowest (49) in the economy category. Here are the rankings in the other eight categories:

Cost of Doing Business: 47

Workforce: 32 (tie)

Quality of Life (14)

Infrastructure and Transportation: 121

Technology and Innovation: 21

Business Friendliness: 24

Cost of Living: 48

Access to Capital: 7 (tie)

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