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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.

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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

Indicators:

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
 

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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

Indicators:

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

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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

Indicators:

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

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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

Indicators:

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

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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

Indicators:

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

Indicators

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

Indicators:

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

 
 

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Comments:

michael riley

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

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

Nathan HALE

YOU HAVE TO DEREGULATE TI STIMULATE!...THAT'S THE SIMPLE MESSAGE YOU DOPES AT THE DOA!...THIS STATE SHOULD BE AN OPEN DOOR FOR ALL TYPES OF BUSINESS. WHEN WILL YOU PEOPLE WAKE UP.

Michael Napolitano

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

Michael Trenn

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

Patrick Boyd

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

JOJO MONKEY

Rhode Island ranks #1 in importing third world poverty.




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