Forbes Ranks Providence Poorly for Business

Forbes Ranks Providence Poorly for Business

For businesses looking for the best city to locate, Forbes Magazine unveils which cities and metro areas are strongest – a comprehensive measure ranging from education, job growth and the overall business environment.

New England metro areas preformed weakly on the business publication’s list and the City of Providence did especially poorly.

While the US economy is in moderate growth, the cities that scored best were in the Midwest and the West lead by Provo, Utah – low unemployment, strong education and a low cost of operation a business.

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“You won’t find many of these (strong) areas on the two coasts. Cities in California and New England are saddled with high business costs and heavy regulatory burdens. States in the heartland, like Utah, Texas, Nebraska and Colorado, have the best business climates right now.”

The top performing New England metro areas were Cambridge and Boston in the Commonwealth. Sadly, Providence ranked #178 of the 200 ranked and only Norwich, Connecticut metro area scored lower at #183 in New England.

Of the New England metro areas, Providence ranked last for Job Growth and for Education.