Thursday, July 15, 2010

Upbeat summer: CNBC ranks Wash. highly for biz climate, ahead of Oregon, Idaho

It’s easy to focus on all the economic chasms that have opened in recent years, but good news does surface from time to time. Business news network CNBC just analyzed all 50 states to determine which ones are best for business, and Washington came in at a healthy 15th place, up one notch from last year. Our neighbors Oregon and Idaho showed up further down at spots 23 and 26, respectively, while Montana and California registered in the 30s.

Unlike other rankings that focus on one metric, the CNBC analysis takes a holistic account of business competitiveness—factors such as technology & innovation, workforce, cost of living, economy and more. Washington ranked particularly high in the areas of access to capital (placing 5th), technology & innovation (5th) and quality of life (8th). We also got high marks for the overall economy (18th) and education (22nd).

Check out the full report here.

Washington’s strong business climate isn’t a new trend, nor is this study an outlier—we’ve covered this long-standing theme several times before.