| | Advanced Search


Ric Santurri: Primary Predictions—In one party dominated Rhode Island, and especially…

Chef Walter’s Flavors + Knowledge: Homemade Ricotta Cheese—One of the most exciting aspects of cooking…

Elmwood Diner To Present Grand Opening Event September 6 and 7—The historic Elmwood Diner will host a Grand…

Del’s Lemonade Tops List for ‘Most Significant’ Chain Restaurant in Rhode Island—Del's Lemonade was named the "most significant restaurant…

Providence Named One of the 11 Greatest Foodie Cities In America—Providence was ranked one of the 11 greatest…

Hasbro Will Open Exhibit on the Creation of “Transformers”—Hasbro Inc., will unveil its new exhibit “From…

Stan Tran Unveils Job Plan—Republican candidate for Rhode Island’s 1st Congressional District…

Commerce RI Partners to Lower Costs of Solar Power in Rhode Island—The Rhode Island Commerce Corporation (Commerce RI), the…

Secretary of Defense Chuck Hagel to Speak at “Defense Innovation Days” Event—Secretary of Defense Chuck Hagel and several other…

Dear John: An Ill-Advised Office Romance (Aren’t They All?)—You won't believe what he got asked this…


slides: NEW: Rhode Island Named #49 State For Business—Forbes

Thursday, December 13, 2012


Rhode Island has been named #49 in the country when it comes to doing business in a new ranking from Forbes Magazine. The 2012 Best Places To Do Business Ranking from the popular financial magazine named Utah the #1 state.

Forbes assesses each state on 35 data points that represent "six vital factors for businesses: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life." Business costs, which include labor, energy and taxes, are weighted the most heavily. For more on Forbes' methodology, go here.

How did the rest of New England's states do? See the slides for more.

Prev Next

Rhode Island #49

2011 ranking: 48

Sub-measure rankings for Rhode Island

Business Costs: 41
Labor Supply: 38
Regulatory Environment: 50
Economic Climate: 49
Growth Prospects: 28
Quality of Life: 18


Job Growth (2012): -0.6%
Cost of Doing Business: 2.0% above nat'l avg
College Attainment: 30.5%
Net Migration (2012): 3,700
Moody's Bond Rating: Aa2

Prev Next

Massachusetts #17

2011 ranking: 18

Sub-measure rankings for Massachusetts

Business Costs: 49
Labor Supply: 9
Regulatory Environment: 42
Economic Climate: 8
Growth Prospects: 16
Quality of Life: 1


Job Growth (2012): 1.1%
Cost of Doing Business: 22.3% above nat'l avg
College Attainment: 38.2%
Net Migration (2012): 7,700
Moody's Bond Rating: Aa1

Prev Next

New Hampshire #32

2011 ranking: 27

Sub-measure rankings for New Hampshire

Business Costs: 44
Labor Supply: 20
Regulatory Environment: 41
Economic Climate: 22
Growth Prospects: 29
Quality of Life: 6


Job Growth (2012): 0.3%
Cost of Doing Business: 10.8% above nat'l avg
College Attainment: 32.0%
Net Migration (2012): 11,900
Moody's Bond Rating: Aa1

Prev Next

Connecticut #39

2011 ranking: 35

Sub-measure rankings for Connecticut

Business Costs: 47
Labor Supply: 23
Regulatory Environment: 37
Economic Climate: 35
Growth Prospects: 31
Quality of Life: 3


Job Growth (2012): 0.3%
Cost of Doing Business: 13.9% above nat'l avg
College Attainment: 35.6%
Net Migration (2012): 6,600
Moody's Bond Rating: Aa3

Prev Next

Vermont #44

2011 ranking: 45

Sub-measure rankings for Vermont

Business Costs: 45
Labor Supply: 19
Regulatory Environment: 49
Economic Climate: 31
Growth Prospects: 46
Quality of Life: 14


Job Growth (2012): 1.1%
Cost of Doing Business: 11.9% above nat'l avg
College Attainment: 33.1%
Net Migration (2012): 3,900
Moody's Bond Rating: Aaa

Prev Next

Maine #50

2011 ranking: 50

Sub-measure rankings for Maine

Business Costs: 40
Labor Supply: 34
Regulatory Environment: 46
Economic Climate: 44
Growth Prospects: 49
Quality of Life: 17


Job Growth (2012): 0.2%
Cost of Doing Business: 8.6% above nat'l avg
College Attainment: 26.9%
Net Migration (2012): 8,000
Moody's Bond Rating: Aa2

Prev Next

Utah #1

2011 ranking: 1

Sub-measure rankings for Utah

Business Costs: 12
Labor Supply: 4
Regulatory Environment: 6
Economic Climate: 6
Growth Prospects: 9
Quality of Life: 15


Job Growth (2012): 2.1%
Cost of Doing Business: 9.5% below nat'l avg
College Attainment: 28.5%
Net Migration (2012): 5,000
Moody's Bond Rating: Aaa


Related Articles


Enjoy this post? Share it with others.


you have got to give the progressives and their policies credit ....

They have certainly worked wonders and We continue to get national headlines

Comment #1 by michael riley on 2012 12 13


Comment #2 by Nathan HALE on 2012 12 13

Yet another low ranking for our state. The CNBC survey has Rhode Island ranked last for 2 years in a row now. As long as the same party and the same individuals keep getting elected this website will always have a place. www.rirankedlast.com

Comment #3 by Michael Napolitano on 2012 12 14

It's gotten worse! I guess Illegal Immigration and Gay Marriage aren't really economic drivers.

Comment #4 by Michael Trenn on 2012 12 14

Wait!!!! We're not doing good when it comes to luring business to Rhode Island??

Comment #5 by Patrick Boyd on 2012 12 14

Rhode Island ranks #1 in importing third world poverty.

Comment #6 by LENNY BRUCE on 2013 04 29

Write your comment...

You must be logged in to post comments.