Utah was able to do this by being tied for No. 7 for its competitive labor market, ranking No. 9 for its overall cost of doing business, and tied for No. 10 in speed of permitting. California was tied for No.1 in access to capital funding, although it was not in the top 10 in any other category. California has three of the largest ports in the country and significant advanced technology manufacturing and services. It seems that because the economic base is so strong, the incentives are not so prevalent. So at least from this perspective, California suffers in terms of cost of doing business, business incentives, etc.
Three of the mainstays in the top five for most categories in which the states were ranked claim significant ports: Georgia (Savannah), Texas (Houston), Tennessee (Memphis), South Carolina (Charleston), and North Carolina (Wilmington). Access to fast-growing world trade is clearly helpful, but public-sector support is needed to capitalize on that.
Additionally, the small states in the upper northeastern region of the U.S. scored extremely poor in nearly every category (as did Alaska). I believe this is at least moderately correlated with smaller economic bases and smaller populations relative to the rest of the nation. However, there is European demand for forest products that could help those state economies grow.
TOP STATES FOR DOING BUSINESS 2020
- 1. Georgia
- 2. Tennessee
- 3. South Carolina
- 4. Texas
- 5. North Carolina
- 6. Alabama
- 7. Indiana
- 8. Virginia
- 9. Ohio
- 10. Florida
- 11. Mississippi
- 12. Louisiana
- 13. Utah
- 14. Arizona
- 15. Kentucky
- 16. Michigan
- 17. Missouri
- 18. Oklahoma
- 19. New York
- 20. Illinois
Individual Categories
Overall Cost of Doing Business
- 1. Georgia
- 2. Texas
- 3. Tennessee
- 4. South Carolina
- 5T. Indiana
- 5T. North Carolina
- 7T. Alabama
- 7T. Mississippi
- 9. Utah
- 10. Virginia
Business Incentives Programs
- 1. Georgia
- 2. South Carolina
- 3. Tennessee
- 4T. Alabama
- 4T. Mississippi
- 6. Texas
- 7. Virginia
- 8T. Ohio
- 8T. Louisiana
- 8T. North Carolina
Access to Capital & Project Funding
- 1T. New York
- 1T. California
- 3. Texas
- 4. Massachusetts
- 5T. Georgia
- 5T. Illinois
- 7T. North Carolina
- 7T. Florida
- 9. Ohio
- 10. Colorado
Competitive Labor Environment
- 1. Georgia
- 2. North Carolina
- 3T. Tennessee
- 3T. Texas
- 5. Indiana
- 6. Alabama
- 7T. South Carolina
- 7T. Utah
- 9. Virginia
- 10. Ohio
Workforce Training Programs
- 1. Georgia
- 2. Louisiana
- 3. Alabama
- 4T. Virginia
- 4T. South Carolina
- 6T. Tennessee
- 6T. North Carolina
- 8. Ohio
- 9T. Kentucky
- 9T. Indiana
Energy Availability & Costs
- 1T. Georgia
- 1T. Tennessee
- 3. North Carolina
- 4. Texas
- 5. Washington
- 6T. Alabama
- 6T. South Carolina
- 8T. Indiana
- 8T. Mississippi
- 8T. Louisiana
- 8T. Kentucky
Logistics & Infrastructure
- 1. Georgia
- 2. Texas
- 3. Tennessee
- 4. Indiana
- 5. Ohio
- 6T. South Carolina
- 6T. Virginia
- 8T. Florida
- 8T. Illinois
- 10. Missouri
Site-Readiness Programs
- 1. Tennessee
- 2. Georgia
- 3. North Carolina
- 4. South Carolina
- 5. Indiana
- 6. Alabama
- 7T. Virginia
- 7T. Ohio
- 7T. Michigan
- 10. Texas
Available Real Estate
- 1. Georgia
- 2. Texas
- 3. Tennessee
- 4. North Carolina
- 5T. Alabama
- 5T. Indiana
- 5T. Ohio
- 8. South Carolina
- 9T. Florida
- 9T. Mississippi
Cooperative & Responsive State Government
- 1. Georgia
- 2. South Carolina
- 3. Tennessee
- 4. North Carolina
- 5. Indiana
- 6T. Alabama
- 6T. Virginia
- 8. Mississippi
- 9T. Texas
- 9T. Arizona
Corporate Tax Structure
- 1. Florida
- 2. Texas
- 3. Tennessee
- 4. Georgia
- 5. Nevada
- 6. South Dakota
- 7. North Carolina
- 8. South Carolina
- 9T. Indiana
- 9T. Ohio
Favorable Regulatory Environment
- 1. Georgia
- 2T. Tennessee
- 2T. South Carolina
- 4. Texas
- 5. Alabama
- 6. Indiana
- 7. North Carolina
- 8. Mississippi
- 9T. Virginia
- 9T. Louisiana
Speed of Project Permitting
- 1. Georgia
- 2. Alabama
- 3. South Carolina
- 4. Tennessee
- 5. Mississippi
- 6. Louisiana
- 7T. Texas
- 7T. Indiana
- 9. North Carolina
- 10T. Virginia
- 10T. Utah
- 10T. Arizona
- 10T. Missouri
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Categories:
- Overall Cost of Doing Business
- Business Incentive Programs
- Access to Capital & Project Funding
- Competitive Labor Environment
- Workforce Training Programs
- Energy Availability & Costs
- Logistics & Infrastructure
- Site-Readiness Programs
- Available Real Estate
- Cooperative & Responsive State Government
- Corporate Tax Structure
- Favorable Regulatory Environment
- Speed of Project Permitting