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07/24/2009

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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