Another business list, another dismal ranking: This time it’s Louisiana coming in at 46th on CNBC’s annual Top States for Business report, beating out only Alaska, Mississippi, Hawaii and Rhode Island.
“The good times are not rolling in a state with one of the nation’s weakest economies. Falling energy prices do not help,” CNBC wrote of Louisiana, citing poor ratings in the workforce, economy, infrastructure, quality of life, technology, business friendliness, cost of living and access to capital categories.
In fact, Louisiana received either a D or an F grade in all of the categories in the report except for the “cost of doing business” category, for which it received an A-.
To rank the states, CNBC used U.S. Census Bureau data to create its grades. The categories used were weighted according to how frequently states use them as a selling point in economic development marketing materials so that the study ranked states using the attributes they use to sell themselves.
Virginia, Texas and North Carolina were the top three states, each of which received high grades in the workforce, economy and access to capital categories.
CNBC says its criteria was developed with guidance from a diverse array of business and policy experts and official government sources, along with input from the states themselves. Read the full report.