Home » NEWS » Economic Development » CNBC survey keeps Mississippi in bottom 5 for 'Top States for Business’

CNBC survey keeps Mississippi in bottom 5 for 'Top States for Business’

Mississippi climbed up one spot in an annual “Top States for Business” ratings by business news television network CNBC this week, but stayed in the bottom five with a designation as the nation’s 46th-ranked state for business.

Texas claimed the top spot from previous Number One Virginia, which fell to a third place ranking. With North Carolina at Number Four, the South took three of the five top spots. Utah (2) and North Dakota (5) rounded out the business news network’s top five. Georgia made the Top 10 with a Number Nine ranking.

Making up the bottom five were Mississippi (46), Alaska (47), West Virginia (48), Hawaii (49) and Rhode Island (50).

Mississippi remained in the bottom five despite overhauls of tort law and workman’s compensation regulations in recent years that shifted the rules in favor of businesses. In fact, the survey awarded the state a ranking of 44 in the category of “Business Friendliness,” though the ranking did represent a one step improvement from last year’s 45.

In describing its “Business Friendliness” assessments, CNBC said “regulation and litigation are the bane of business. Sure, some of each is inevitable. But we graded the states on the perceived ‘friendliness’ of their legal and regulatory frameworks to business.”

While The Magnolia State scored well in categories such as the “Cost of Doing Business” ( with a ranking of 18), “Workforce” (20) and “Cost of Living” (8), it fared poorly in such categories as “Quality of Life” (41), “Economy” (48), “Education” (44), “Technology and Innovation” (42), “Business Friendliness” (44), and “Access to Capital” (48).

See the full story.

 

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Ted Carter

Leave a Reply

Your email address will not be published. Required fields are marked *

*