Forbes Ranks Providence Poorly for Business
Tuesday, July 03, 2012
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.
“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.”
Of the New England metro areas, Providence ranked last for Job Growth and for Education.
Related Articles
- NEW: Providence Ranks High in Manliest Cities
- NEW: Providence Tops National List of Healthiest Eyes
- NEW: What Netroots Thought of Providence
- Providence #3: RI’s Best Communities 2012
- NEW: Providence Ranked 10th in US for Singles
- Where Does Providence Rank Nationally in Crime
- Providence Ranks Last in New Job Creation
- ‘Best Cities for Business’ - Where Does Providence Rank in New Study?
- Boston #1 in Sport - Forbes
- Forbes Names Newport Prettiest Town in America
- NEW: Best States for Business - Forbes Magazine
- NEW: Two Rhode Islanders Make Forbes Billionaires List
- NEW: Brown In Top 5% of Nation’s Colleges, Says Forbes Magazine
Comments:
anthony sionni
2:43am on Tuesday, July 03, 2012
Thank cicilline!
David Beagle
6:50am on Tuesday, July 03, 2012
I don't think the blame can be saddled on one PERSON, rather one PARTY, democrats. Almost as if as long as the public sector unions are not overturning cars, or picketing fund raisers, democrat leaders are content with the rankings.
tom brady
1:04pm on Tuesday, July 03, 2012
#3 in GoLocals best places to live! LOL
Captain Blacksocks
2:21pm on Tuesday, July 03, 2012
What business in their right mind would intentionally decide to move into Providence? The city (and the state) need to change strategy from trying to ATTRACT new businesses to trying to HANG ONTO the businesses it has. So where is the plan? Is the plan just to raise taxes on remaining businesses so Providence can fall even further down these rankings...can you fall below dead last?
Michael Trenn
2:49pm on Tuesday, July 03, 2012
It isn't just Providence; it's the wholw state. What do you see when you cross the state line into MA? Shopping malls, stores, supermarkets, restaurants, recreational attractions; all equalling PROSPERITY. Sure, Rhode Island has Warwick, but that's just for people who live too far from the state line, or who have to take the bus.
Mateo C
11:07am on Thursday, July 05, 2012
not sure which is worse - that all the political hacks in Rhode Island don't know how economically feeble the state really is, or that they do know but don't want to make the tough choices to make it better.