The Best (And Worst) U.S. States For Doing Business In 2018

MOVE over New York and California – Texas has been named the best US state for doing business, according to the CEOWORLD magazine’s list for 2018. South Carolina ranked number 2 on the list, followed by Florida (No. 3), North Carolina (No. 4), and Tennessee (No. 5).

The magazine placed Georgia in sixth on the list ahead of Indiana, and Colorado. Arizona and Ohio round out the list at nine and ten, respectively.

Utah took the No. 11 spot, followed by the South Dakota (No.12) and Nevada (No.13).  To determine which states have the best and worst business climates, the CEOWORLD magazine identified, reviewed, and surveyed nearly 20 measures of doing business. These were divided into four major categories: regulations, economic conditions, quality of life, and skill level of the workforce.

Meanwhile, Alabama ranked No. 14 in the CEOWORLD magazine’s ranking of the best US state for doing business in 2018. Wisconsin came in fifteenth place, followed by Wyoming (sixteenth), Iowa (seventeenth), Kansas (eighteenth), and Virginia, ranked nineteenth. Out of all 50 US States, Delaware ranked No. 20th overall.

The five worst states for doing business according to CEOWORLD magazine are Massachusetts (No. 50), Connecticut (No. 49), Illinois (No. 48), New Jersey (No. 47), and California (No. 46).

The best (and worst) US States for doing business in 2018

Rank	State	Abbreviation	Regulations	Economic conditions	Quality of life	Skill level of workforce
1	Texas	TX	1	3	1	1
2	South Carolina	SC	2	1	3	4
3	Florida	FL	3	4	6	3
4	North Carolina	NC	5	2	4	8
5	Tennessee	TN	4	6	2	7
6	Georgia	GA	7	8	11	6
7	Indiana	IN	8	9	16	2
8	Colorado	CO	6	5	7	16
9	Arizona	AZ	10	11	8	5
10	Ohio	OH	13	7	17	12
11	Utah	UT	9	12	9	19
12	South Dakota	SD	16	18	5	11
13	Nevada	NV	19	17	14	24
14	Alabama	AL	22	10	18	32
15	Wisconsin	WI	14	19	10	9
16	Wyoming	WY	23	33	24	22
17	Iowa	IA	30	13	12	17
18	Kansas	KS	17	15	30	23
19	Virginia	VA	31	14	33	14
20	Delaware	DE	11	32	13	10
21	Oklahoma	OK	24	22	19	31
22	Nebraska	NE	34	23	32	18
23	Arkansas	AR	18	41	15	33
24	Idaho	ID	35	24	34	27
25	Montana	MT	32	34	22	24
26	Michigan	MI	12	26	35	13
27	North Dakota	ND	39	30	41	34
28	New Hampshire	NH	46	25	26	30
29	Missouri	MO	33	27	31	20
30	Kentucky	KY	37	20	36	15
31	Pennsylvania	PA	15	35	25	39
32	Rhode Island	RI	38	31	46	35
33	Maryland	MD	36	40	21	26
34	Louisiana	LA	50	37	38	36
35	Vermont	VT	41	39	20	40
36	New Mexico	NM	25	46	43	25
37	Minnesota	MN	45	36	39	28
38	Maine	ME	40	38	50	21
39	Hawaii	HI	29	28	27	42
40	Mississippi	MS	26	42	29	38
41	Washington	WA	47	21	37	29
42	West Virginia	WV	20	44	40	48
43	Alaska	AK	48	43	28	49
44	New York	NY	27	50	45	44
45	Oregon	OR	42	45	48	47
46	California	CA	49	16	44	43
47	New Jersey	NJ	28	29	23	50
48	Illinois	IL	44	47	49	46
49	Connecticut	CT	43	49	42	45
50	Massachusetts	MA	21	48	47	41

 

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