Here’s RI’s Ranking in CNBC’s “Top States for Business” for 2023

Here’s RI’s Ranking in CNBC’s “Top States for Business” for 2023

Not much has changed in Rhode Island’s business climate since 2022, according to CNBC.

According to the latest ranking for “America’s Top States for Business 2023” — Rhode Island, for the second year in a row, ranked #45 in the country.

The top state in 2023 according to CNBC is North Carolina.

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While Alaska is at the bottom of the rankings, only West Virginia, Hawaii, and Mississippi also rank below Rhode Island. 

Rhode Island’s best sub-ranking was for “Life, Health, and Inclusion” (#12), and its worst was for "Economy" (#48).

About Rankings

“To rank America’s Top States for Business in 2023, CNBC scored all 50 states on 86 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,” writes CNBC. 

They continue:

"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."

See the full list here.