CNBC Rates "Best States for Business" - WA Ties for #16
Just yesterday I wrote about this whole business of rating states. Then along comes another rating (h/t Jocelyn McCabe). This time, CNBC assesses the 50 states on ten criteria: GIve the group credit for a fairly transparent process, although the weighting scheme strikes me as a bit odd.
Here's how Washington fares:
Category
Score
2009 Rank
2008 Rank
Cost of Doing Business
200
32
35
Workforce
147
35
37
Quality of Life
227
11
9
Economy
130
18
11
Transportation & Infrastructure
92
30
22
Technology & Innovation
208
6
6
Education
96
18
17
Business Friendliness
60
37
34
Access to Capital
46
5
5
Cost of Living
8
34
36
OVERALL
1214
16
18
See what I mean? The ratings are somewhat what you might expect - high on quality of life, technology & innovation, and access to capital; lower on cost of living, cost of doing business, and business friendliness. But then some odd outliers. For example, I thought workforce was supposed to be a strength here. Not according to CNBC.
Moreover, how is it that cost factors appear to be so lightly weighted? One clue might be in this statement.
We weighted the categories based on how frequently each is cited in state economic development marketing materials.
Given that I've never been anywhere that didn't tout it's quality of life, that might explain how we bumped up a bit. Odd.
Oh well. It's more data. And our friends at Shopfloor.org like it.
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