The Ocean State has received its highest ever rank— 45 out of 50-- in an annual business scorecard put out by CNBC. The list ranks states for business friendliness measuring overall economic climate.
Last year, the state ranked 50th with some of the worst marks in the country for infrastructure, cost of doing business, and access to capital.
Rhode Island is still on CNBC’s ‘America’s 10 worst states for business in 2017.’ But according to Scott Cohn, author of that list, the Rhode Island economy has “notched a solid improvement this year.”
The Ocean State jumped a few places in cost of doing business and access to capital. Where it performed the worst? Still infrastructure.
Mike Raia, a spokesman for Gov. Gina Raimondo, was quick to tout the administration’s efforts to reduce unemployment –now below the national average—and focus on the economy.
Massachusetts was a leader among the New England states, jumping 10 slots from last year’s rankings, landing 10th overall on the list. The Bay State kept its number one position for education and gained another number one spot in the technology and information category.