Rhode Island Falls in CNBC’s Ranking of Top States for Business
GoLocalProv Business Team
Rhode Island Falls in CNBC’s Ranking of Top States for Business
The business news network released the data on Thursday morning at 8:15 AM.
Under Governor Dan McKee, RI fell from #44 to #46. A big blow for the man who ran as a champion of small business in a small business state.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTRhode Island fell in the following categories:
Economy — dropped from 42 to 45
Infrastructure — fell from 32 to 39
Business Friendliness — dropped from 45 to 46
Technology & Innovation — fell from 23 to 33
The only significant improvement was education — improved from 43 to 33
The top five states:
#1 North Carolina
#2 Texas
#3 Florida
#4 Virginia
#5 Ohio
How RI Ranked in 2024
CNBC looks at 10 categories, and in 6 of them, Rhode Island — the lowest-ranked state in New England — got D marks.
Rhode Island received “D-” grades for economy, cost of living, access to capital, and cost of doing business.
It got a "D" for business friendliness and a "D+" for workforce.
The state’s best grade was for “quality of life” — receiving a "B-" mark
This is the 19th year CNBC’s annual study puts all 50 states to the test, measuring them on 135 different metrics, the most-ever, in 10 key categories of competitiveness.