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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]
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