How CNBC Chose America’s Top States for Business in 2022
GoLocalProv Business Team
How CNBC Chose America’s Top States for Business in 2022
“We put the states through an unprecedented 88 metrics in ten categories of competitiveness,” said CNBC.
New metrics in 2022 include child-care resources for employees balancing work and family, as well as support for emerging industries like cryptocurrency and cannabis.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST“Workforce” carries the most weight among categories in this year’s study, followed by “Infrastructure” and “Cost of Doing Business.”
“Our study is not an opinion survey. We gather empirical data on the states’ performance in each metric using the most recent figures available,” says CNBC.
“In addition to their point totals, states receive a letter grade in each category to measure their performance relative to the competition. Grading is scaled, with the high score equal to 100 percent and the low score equal to 50 percent. However, each state’s overall ranking, as well as its ranking within each category, is based solely on the number of points scored,” CNBC continues.