Make us your home page
Instagram

In CNBC survey of best business states, Florida still trails behind

Florida's quality workforce ranks among the best in the country, making it one of the state's top selling points to businesses considering where to expand. Too bad Florida cannot say the same about its education, cost of doing business or not so friendly business attitude. All those factors help explain why the Sunshine State does not fare so well in CNBC's annual ranking of the best states for business. CNBC scored each state in 10 categories based on 56 measures of competitiveness using input from business groups, economic development experts, companies and the states themselves. The bad news? Florida came in at No. 20, while neighboring Georgia was No. 1. The good news? Florida gained 10 spots in the ranking from 2013.

Best, worst states for business

Rank/State Why

1. Georgia Top workforce

2. Texas Top economy

3. Utah Access to capital

4. Nebraska Business friendly

5. North Carolina Strong economy

...

46. Connecticut Poor economy

47. Alaska Worst economy

48. West Virginia Business unfriendly

49. Hawaii Lagging workforce

50. Rhode Island Worst infrastructure

Source: CNBC "America's Top States For Business" survey 2014

Why Florida ranks No. 20

Stronger traits

1. Workforce: No. 3

2. Access to capital: No. 7

3. Economy: No. 11

4. Tech and innovation: No. 12

5. Infrastructure: No. 27

Weaker traits

1. Education: No. 38

2. Cost of doing business: No. 37

3. Business friendliness: No. 35

4. Cost of living: No. 31

5. Quality of life: No. 28

Source: CNBC "America's Top States For Business" survey 2014

Why Florida ranks 20th

Stronger traits
WorkforceNo. 3
Access to capitalNo. 7
EconomyNo. 11
Tech and innovationNo. 12
InfrastructureNo. 27
Weaker traits
EducationNo. 38
Cost of doing businessNo. 37
Business friendlinessNo. 35
Cost of livingNo. 31
Quality of lifeNo. 28

Source: CNBC "America's Top States For Business" survey 2014

In CNBC survey of best business states, Florida still trails behind 06/24/14 [Last modified: Tuesday, June 24, 2014 9:41pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Amazon receives 238 proposals from places eager to become its 2nd headquarters

    Business

    NEW YORK — Amazon said Monday that it received 238 proposals from cities and regions in the United States, Canada and Mexico hoping to be the home of the company's second headquarters.

    Earlier this month, an Amazon employee gives her dog a biscuit as the pair head into a company building, where dogs are welcome, in Seattle. Amazon says it received 238 proposals from cities and regions hoping to be the home of the company's second headquarters. 
[AP Photo/Elaine Thompson]
  2. Target says customers want it to pause the Christmas creep

    Retail

    NEW YORK — Target says customers want it to pause the "Christmas creep." It says it wants to be more in tune with customers' mindset, so it plans to ease in holiday promotions this year while better recognizing Thanksgiving.

     Target says customers want it to pause the "Christmas creep." It says it wants to be more in tune with customers' mindset, so it plans to ease in holiday promotions this year while better recognizing Thanksgiving. This is Target's new store in Manhattan's Herald Square that opened last week. 
[Kavita Kumar/Minneapolis Star Tribune/TNS]
  3. Tampa's Walter Investment Management restructuring, could file for bankruptcy

    Corporate

    TAMPA — Tampa-based Walter Investment Management Corp. is restructuring to cut down some of the mortgage firm's $700 million debt, Walter announced Friday night. The firm, according to its investor relations page, focuses on subprime and "other credit-challenged" mortgages.

    Walter Investment Management is restructuring to reduce its $700 million debt, the company announced late Friday. Pictured is Anthony Renzi. CEO. | [Courtesy of LinkedIn]
  4. Carrollwood fitness center employs scientific protocol to help clients

    Business

    In 2005, Al Roach and Virginia Phillips, husband and wife, opened 20 Minutes to Fitness in Lakewood Ranch, and last month they opened the doors to their new location in Carrollwood.

    Preston Fisher, a personal fitness coach at 20 Minutes To Fitness, stands with an iPad while general manager/owner Angela Begin conducts an equipment demonstration. The iPad is used to track each client's information and progress. I also included one shot of just the equipment. The center recently opened in Carrollwood. Photo by Danielle Hauser.
  5. Olive Tree branches out to Wesley Chapel

    Business

    WESLEY CHAPEL — When it came time to open a second location of The Olive Tree, owners John and Donna Woelfel, decided that Wesley Chapel was the perfect place.

    The Olive Tree expands its offerings of "ultra premium?€ extra virgin olive oils (EVOO) to a second location in Wesley Chapel. Photo by Danielle Hauser.