Wednesday, July 14, 2010

Middle of the Pack

CNBC has released a ranking of the 2010 top states for business in America. Somewhat surprisingly, Maryland ended up in the 27th spot. Considering that only five states have a worse business tax environment , I would have thought the Free State would have ended up further down the list.

On the other hand taxes are only part of the equation. CNBC also took into consideration cost of business, workforce, quality of life, economy, transportation, technology and innovation, education, business friendliness, access to capital and cost of living. Maryland fared pretty well in technology and innovation (#8) and education (#10) but not so well in cost of business (#43), transportation (#43) and cost of living (#45).

What wasn’t so surprising was that Virginia was ranked #2 overall which might help explain why they’ve been so successful in attracting new corporate headquarters like Northrop Grumman.
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