America’s Top States for Business 2023

[chris08876]

America’s Top States for Business 2023: The full rankings

Methodology Breakdown: https://www.cnbc.com/2023/06/15/how-...s-in-2023.html

* Chart (or below): https://www.cnbc.com/2023/07/11/amer...-rankings.html

To rank America’s Top States for Business in 2023, CNBC scored all 50 states on 86 metrics in 10 broad categories of competitiveness. Each category is weighted based on how frequently states use them as a selling point in economic development marketing materials. That way, our study ranks the states based on the attributes they use to sell themselves. We developed our criteria and metrics in consultation with a diverse array of business and policy experts, and the states. Our study is not an opinion survey. We use data from a variety of sources to measure the states’ performance. Under our methodology, states can earn a maximum of 2,500 points. The states with the most are America’s Top States for Business.

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[3rd&Brown]

Tennessee is 3rd in infrastructure and 5th in education? LMFAO.

Based on what?

[jbermingham123]

This is utter horseshit. im not sure it means anything at all

They put New York at 46 in workforce, between South Dakota and Mississippi.

There is no universe in which the workforce of Mississippi outranks that of NY

[chris08876]

Originally Posted by jbermingham123

This is utter horseshit. im not sure it means anything at all

They put New York at 46 in workforce, between South Dakota and Mississippi.

There is no universe in which the workforce of Mississippi outranks that of NY

This was the work force methodology:

Workforce (400 points – 16%)
No state is immune from worker shortages, but some states have more and better workers available than others. With skilled workers in such short supply, and with the push to bolster domestic manufacturing, the definition of a qualified worker is expanding. In addition to measuring each state’s concentration of science, technology, engineering and math (STEM) workers and the percentage of workers with college degrees, we also consider workers with associate degrees and industry-recognized certificates. We look at which states are most successful in attracting talent at all levels, considering the net migration of educated workers to each state. We look at state worker training programs, right-to-work laws, and worker productivity based on economic output per job.

I presume the work force also factors in available workers. Maybe high unemployment in non-NY states means a higher worker pool?

[SIGSEGV]

Originally Posted by 3rd&Brown

Tennessee is 3rd in infrastructure and 5th in education? LMFAO.

Based on what?

Infrastructure: Quickest time to ship something by FedEx
Education: Get diploma from diploma mill fastest (by FedEx)

[JoninATX]

#25? Texas is one of the best states to do business.

[iheartthed]

In what universe does Georgia have better infrastructure than anywhere in the northeast?

[wwmiv]

Originally Posted by JoninATX

#25? Texas is one of the best states to do business.

Here are a number of reasons why Texas has fallen:

• power grid issues (unreliability of the grid means unreliability for businesses)
• lack of social inclusiveness (key employees are not willing to relocate due to cultural inhospitable-ness)
• rising crime (will your employees be safe)
• poor health care quality (outside of Houston, demand far outstrips supply of medical professionals and quality suffers due to health care workers being spread thin and overworked—will your employees be and stay healthy?)
• traffic and public transit (intractable traffic issues that the state cannot build its way out of and a lack of high quality public transit means workers may not be reliably on time)
• high cost of living relative to pay, particularly in cities (Texas may be a cheaper state to live in, but pay has not yet caught up and employers are incentivized to keep pay at a minimum—if their employees cannot afford to live, better to locate the business elsewhere where the cost of living is lower that way both employee and employer is happy).
• housing supply crisis (related to the above)

[SIGSEGV]

Originally Posted by iheartthed

In what universe does Georgia have better infrastructure than anywhere in the northeast?

Probably counting number of Delta flights.

[chris08876]

^^^^^^^^^

With the Infrastructure, from the methodology:

Rebuilding supply chains and redefining the very nature of work takes a reimagined infrastructure. We measure the vitality of each state’s transportation system by the value and volume of goods shipped by air, waterways, roads and rail. We look at the condition of highways and bridges, the availability of air travel, and the time it takes to commute to work. With the rise of remote work, we also consider the quality, availability, and price of broadband service in each state. We consider access to markets by measuring the population within 500 miles of each state. We look at the availability of vacant land, and office and industrial space. We rate each state’s utility infrastructure including the condition of drinking water and wastewater systems, the reliability of the electrical grid, and the availability of renewable energy. And we measure each state’s sustainability in the face of climate change, looking at the risk of flooding, wildfires, and extreme weather.

So it could be that Georgia, Tennessee, and such have an advantage in some of the highlighted fields.

Some like vacant land, cheaper internet, and certain hubs that have a high volume of goods/services makes sense.

Like for some, in an effort to turn this into a valuable discussion... best to look at methodology in the 1st post link and than reference "X" state or "X state vs "Y" state as it pertains to business advantages.

Now, I'd imagine traffic plays a role. In terms of speed of goods and services. Could be that some states from a traffic perspective are just better, especially for DOT rated goods.

[iheartthed]

Originally Posted by chris08876

^^^^^^^^^

With the Infrastructure, from the methodology:




So it could be that Georgia, Tennessee, and such have an advantage in some of the highlighted fields.

Some like vacant land, cheaper internet, and certain hubs that have a high volume of goods/services makes sense.

Like for some, in an effort to turn this into a valuable discussion... best to look at methodology in the 1st post link and than reference "X" state or "X state vs "Y" state as it pertains to business advantages.

Now, I'd imagine traffic plays a role. In terms of speed of goods and services. Could be that some states from a traffic perspective are just better, especially for DOT rated goods.

Oh, this is about shipping. I'm still not really convinced, but this is probably distorted by the northeast having small state boundaries with regionally accessible "infrastructure" spread across different states. The NYC area has, by far, the largest port on the east coast and also the most air traffic capacity. That infrastructure just happens to be split across two states.

[3rd&Brown]

Originally Posted by chris08876

^^^^^^^^^

With the Infrastructure, from the methodology:




So it could be that Georgia, Tennessee, and such have an advantage in some of the highlighted fields.

Some like vacant land, cheaper internet, and certain hubs that have a high volume of goods/services makes sense.

Like for some, in an effort to turn this into a valuable discussion... best to look at methodology in the 1st post link and than reference "X" state or "X state vs "Y" state as it pertains to business advantages.

Now, I'd imagine traffic plays a role. In terms of speed of goods and services. Could be that some states from a traffic perspective are just better, especially for DOT rated goods.

Of course you have to look at methodology. Now how many executives are gonna read this and say, time to move our business to TN, it's got amazing infrastructure!

Ask the Alliance Bernstein employees who moved from NYC to Nashville about Tennessee's infrastructure and you'd get a completely different answer.

Of course, if your goal is to maximize wealth over the long term, you need a reliable public transit system to maximize the efficiency of your economy. But let's not include any data about public transit in an infrastructure score because that would make too much sense. But let's include vacant land as a measure so that we can enourage sprawl. Got it.