Connecticut Ranks Low On CNBC's List of Top States For Business

Bill Sencio
July 11, 2018 - 9:46 am

Connecticut has dropped four notches, from number 33 to number 37, on CNBC's annual list of top states for business.

The 12th annual study of state competitiveness ranks based on ten categories, including workforce, infrastructure, cost of doing business, economy, quality of life, technology and innovation, education, business friendliness, access to capital, and cost of living.

The network's Scott Cohn says Connecticut received low marks for cost of living, cost of doing business, infrastructure, and economy, but scored well in the areas of workforce and education.

Connecticut's highest ranking, in the education category, still fell from last year's number three spot to rank ninth in 2018. "[Connecticut] generally does well for education, though it slipped a little bit this year... it's still in the top 10 for education," said Cohn. 

"It's a very strong workforce. Part of the reason is it's a very productive workforce," he continued. "When we look at workforce, it's in terms of economic output per job, so the value of the output in Connecticut per job is very strong." 

The state's infrastructure rate remained near the bottom of the list at number 47. Cost of living didn't fare much better at 43. 

Overall, Texas topped the 2018 list. Alaska ranked last.