Friday, September 04, 2015 03:31am
North Adams, MA now: 66 °   
Send news, tips, press releases and questions to info@iBerkshires.com
The Berkshires online guide to events, news and Berkshire County community information.
LOG IN | REGISTER NOW   

Home About Archives RSS Feed
Really?
By: Allen Jezouit, @BerkshireCountyBusiness On: 08:00AM / Thursday July 29, 2010

Massachusetts Ranked #5 in CNBC's Top States for Business 2010!

Can you imagine? Massachusetts was ranked #5 in CNBC's recent survey of the top states for business in 2010. While it should come as no surprise that the top four are:

1) Texas (1508 points)
2) Virginia (1477)
3) Colorado (1456)
4) North Carolina (1381)

I have to admit that as a small business owner who consults with a lot of other small businesses I am stunned about Massachusetts earning a #5 ranking, up from #8 in 2009 and #12 in 2007. To hear most people talk, Massachusetts is one tough place to do business. How did it happen?

Let's dig into the numbers a bit. According to CNBC.com, the states are ranked on 40 different metrics in 10 key categories. The maximum score possible is 2,500. #1 Texas scored 1,508 while Massachusetts scored 1,375. Although Massachusetts ranked relatively low in such areas as Cost of Doing Business (#39 out of 50), Transportation & Infrastructure (#39), and Cost of Living (#40), we ranked very well in such areas as Education (#1), Access to Capital (#2), Technology & Innovation (#3), and Quality of Life (#6).

Berkshire County's neighboring states certainly do not fair was well. New York is ranked #24, Connecticut is #35, and Vermont is #37. However, New York was second only to Pennsylvania in terms of year over year improvement in overall rank. Pennsylvania moved up from #33 in 2009 to #20 in 2010, while New York improved 12 spots from #36 to #24. PA's Economy improving from #37 to #15 fueled their big move. Likewise New York's economy improving from #20 to #2 drove their big gain in overall rank. At the other end of the spectrum, Vermont was the biggest decliner in 2010 versus 2009, falling seven spots from #30 to #37.

Looking at the specifics of how NY, CT, and VT faired ... New York is ranked #50 in Cost of Doing Business, #49 in Workforce, #45 in Business Friendliness, and #43 in Cost of Living. Those 4 low scores really hamper New York's ability to compete. Connecticut is #47 in Cost of Doing Business and #45 in Cost Living. Vermont went from #35 in 2009 to #42 in 2010 for the Cost of Doing Business factor and from #36 to #40 on Access to Capital which contributed to the decline in their overall ranking.

The rest of the Northeast/New England struggles, too. New Hampshire is overall #19, Maine is #39, and Rhode Island is #49 (ouch!), making Massachusetts truly the jewel of the Northeast. So, while it is expensive to do business here, you get what you pay for:

- an educated workforce who enjoy the quality of life they get here

-a tradition of incubating innovative, high-tech companies in and around our world-leading education institutions

- banks willing to finance the innovation.

Let's hear it for Massachusetts!



Tags: massachusetts, entrepreneur, cnbc      
News Headlines
Mount Greylock, Lanesborough Committees Discuss Hoosac Valley 'Proposal'
Clarksburg School Preparing for MSBA Enrollment Discussions
FERC Extends Pipeline Comment Period
Local Patriots Fans Hail Judge's Ruling on 'Deflate-gate'
'We Are Your Friends': Thursday Night Fever
Pittsfield's Superintendent McCandless Given Six-year Contract Extension
North County Groups to Rally for Substance Recovery Awareness
Williams Field Hockey Returns Experienced Core
2015 Fall Foliage Festival Events
Adams-Cheshire Hopes for Lanesborough Referendum by Winter


Categories:
Economy (11)
Finance (4)
Marketing (17)
Sales (4)
Archives:
Tags:
Entrepreneur Seminar Cnbc Berkshire County Sales Unemployment Custom Business Solutions Bigcommerce Election Budget Marketing Cash Flow Analysis Ecommerce Education Financials Books Facebook Measure Economy Civil Liberties Security Web Security Small Business Marketing Public Safety Seo Massachusetts Social Media Berkshire Direct Search Engine Optimization Advertising Survey Nobel Prize Chamber Of Commerce Deficit Williamstown
Popular Entries:
JC Penney and "black hat" SEO
Easier and easier
Why does "Tea Party" have to equal "Right Wing" or "extremist"?
Holy cow!
Nobel Prize in Economics Awarded for Theory on Why Unemployment Remains So High
Chamber Seminar: Email Marketing
What will the Berkshires look like in 20 or 25 years?
Is anyone else feeling this way?
Leadership
That didn't take long
Recent Entries:
Chamber Seminar: Email Marketing
That didn't take long
Holy cow!
JC Penney and "black hat" SEO
Easier and easier
Chamber Seminar on eCommerce
Gotta love 2011 so far!
Mass., NY could lose more seats in Congress
The 12 Days of Holiday Revenue Maximization for Your Online Store
5 New Online Services Perfect for Small Businesses


High School Football
Wednesday afternoon football scrimmage at McCann High...
Motorama Winners 2015
Plenty of trophies, plaques and jackets were awarded to...
Motorama 2015
The 5th annual Motorama filled downtown North Adams with...
Live on the Lake: Madison...
Madison Avenue wrapped up the 2015 Live on the Lake concert...
Whitman's Wins Torchia League...
The Pat Torchia Women's Softball League playoffs concluded...
Berkshires Craft Beer Fest...
The 9th annual Western Mass beer festival drew hundreds of...
Pat Torchia Women's Softball...
Whitman's took the first game in the best two out of three...
Third Thursday August 2015
It was another beautiful night for 3rd Thursday on North...
Berkshire Chamber @ Darrow...
The Berkshire Chamber of Commerce held its monthly...
Shire City Sessions August...
Wild Adriatic performs at Monday's Shire City Sessions, a...
BYP Networking @WTF
The Berkshire Young Professionals held its networking event...
Softball: VFW Post vs Pizza...
VFW Post vs Pizza House at DiSanti field on Monday night.
Second Cheshire Block Party
Cheshire resident enjoyed good food and music by the...
Downtown Celebration 2015
The annual Downtown Celebration brought hundreds to Main...
Pittsfield Ethnic Fair
Pittsfield Ethnic Fair was held at the Pittsfield Common on...
Annual Cruz Nite And...
Cheshire residents enjoyed classic cars, good food, a BMX...
High School Football
Wednesday afternoon football scrimmage at McCann High...
Motorama Winners 2015
Plenty of trophies, plaques and jackets were awarded to...
Motorama 2015
The 5th annual Motorama filled downtown North Adams with...
Live on the Lake: Madison...
Madison Avenue wrapped up the 2015 Live on the Lake concert...
Whitman's Wins Torchia League...
The Pat Torchia Women's Softball League playoffs concluded...
| Home | A & E | Business | Community News | Dining | Real Estate | Schools | Sports & Outdoors | Berkshires Weather | Weddings |
Advertise | Recommend This Page | Help Contact Us
iBerkshires.com is owned and operated by: Boxcar Media 102 Main Street, North Adams, MA 01247 -- T. 413-663-3384 F.413-664-4251
© 2012 Boxcar Media LLC - All rights reserved

Privacy Policy| User Agreement