America's Top States For Business CNBC, a division of NBC Universal, has been ranking state business climates annually since 2007. According to information compiled by CNBC, both from private industry sources, as well as State and Federal agencies, there have been increases and decreases in many U.S State's economies. Specifically, there have been sizable changes in state population, state GDP per capita, unemployment rates, foreclosure rates, budget gaps, and corporate tax rates. CNBC's state rankings are based on 10 categories: Cost of Doing Business, Workforce, Quality of Life, Infrastructure, Economy, Education, Technology & Innovation, Business, Friendliness, Access to Capital, and Cost of Living.

Virginia was ranked as No. 1 on CNBC's "America's Top States For Business 2011".

CategoryScore2011 Rank2010 Rank
Cost of Doing Business1962126
Workforce227129
Quality of Life1922618
Infrastructure & Transportation2171012
Economy186811
Education177613
Technology & Innovation1721110
Business Friendliness18422
Access to Capital82109
Cost of Living272427
OVERALL166012

CNBC: "America's Top States For Business 2011"

Previously in the 2010 report, Virginia was ranked as number 2 and in the 2009 report, Virginia was ranked as number 1. Virginia's current Governor is Bob McDonnell (R). The state's population is 8,001,024, with a GDP (2009 per capita) of $46,609. The unemployment rate as of May 2011 is 6.0 percent, the foreclosure rate as of May 2011 is one per 766 households, and the projected budget gap for 2012 is $2.0 billion. Also the corporate tax rate is 6.0 percent, and the largest employers are Northrop Grumman, Food Lion, and Booz Allen Hamilton.

Texas was ranked as No. 2 on CNBC's "America's Top States For Business 2011".

CategoryScore2011 Rank2010 Rank
Cost of Doing Business1763330
Workforce2031416
Quality of Life1643229
Infrastructure & Transportation29311
Economy164141
Education1132730
Technology & Innovation19744
Business Friendliness1281819
Access to Capital9447
Cost of Living4658
OVERALL157821

CNBC: "America's Top States For Business 2011"

North Carolina was ranked as No. 3 on CNBC's "America's Top States For Business 2011".

CategoryScore2011 Rank2010 Rank
Cost of Doing Business238815
Workforce26133
Quality of Life1633332
Infrastructure & Transportation234310
Economy844137
Education1251826
Technology & Innovation1711211
Business Friendliness1541213
Access to Capital802210
Cost of Living292223
OVERALL153834

CNBC: "America's Top States For Business 2011"

Georgia was ranked as No. 4 on CNBC's "America's Top States For Business 2011".

CategoryScore2011 Rank2010 Rank
Cost of Doing Business2081820
Workforce25942
Quality of Life1403835
Infrastructure & Transportation27322
Economy1073537
Education1182228
Technology & Innovation1561717
Business Friendliness1341617
Access to Capital761313
Cost of Living4299
OVERALL1513410

CNBC: "America's Top States For Business 2011"

Colorado was ranked as No. 5 on CNBC's "America's Top States For Business 2011".

CategoryScore2011 Rank2010 Rank
Cost of Doing Business1793025
Workforce243710
Quality of Life25772
Infrastructure & Transportation1762636
Economy128268
Education1063029
Technology & Innovation1691412
Business Friendliness16469
Access to Capital721515
Cost of Living183335
OVERALL151253

CNBC: "America's Top States For Business 2011"

References

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