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Paul RevereMassachusetts Lands a Spot in the Top Five States for Business 

Rising from its eighth place last year, Massachusetts was named number five in CNBC's "Top States for Business" for 2010. 

This latest achievement made it the first time for any northeastern state to finish in the top five of this annual survey.  

States are judged on ten different categories with the cost of doing business as one of the key factors.  Some of the other categories are education, quality of life, economy, transportation, technology and innovation.  

High marks were given to Massachusetts for its exemplary schools.  And this was not limited only to its universities.  Massachusetts' K-12 schools are among some of the best in the country.  

Of course, Technology and Innovation were also highly favorable in the Commonwealth.  No surprise there. 

With the number of banks in our state, Access to Capital was also a strong suit.  

Massachusetts' foreclosure rate is currently one out of 644 households.  By comparison, Florida is one out of every 174 households, California is one out of every 186 households and Nevada has one out of every 79 homes in foreclosure. 

Who would have thought that with a 9.2% unemployment rate that we would rank so highly in this type of study?  

Kudos to the Commonwealth - with our chilly winters and high cost of living, there still is a great quality of life here in Massachusetts.

Copyright 2010 "Massachusetts Lands a Spot in the Top Five States for Business"

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6 Comments on Massachusetts Lands a Spot in the Top Five States for Business

JUL
15
2010
561,842 Points 54 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Congratulations, Claudette.  That is surprising, given the unemployment rate.  My finger got tired scrolling down to find CA.
8:28pm • #1
395,027 Points 35 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp

Jane:

Actually, the numbers on that chart are not so easy to interpret.  How is California tied with Arkansas at number 32?  It must be the cost of doing business in your state. 

 
9:37pm • #2
JUL
16
2010
523,753 Points Outside Blog

Great news!
5:54am • #3
523,760 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Claudette, great news for Mass.  Alabama overall is pretty low on the list, but Madison where I primarily do business only has a 2.6 unemployment rate this may be off a bit but it's the latest stat that I could find.  I wish the rest of the state was doing as well.
10:36pm • #4
JUL
17
2010
360,216 Points 11 Featured Posts Localism Sponsor Hit Router Called Shot Master

We do have a lot to offer.  I am hoping that the exodus to the south will reverse before too long.
7:36am • #5
JUL
22
2010
792,418 Points 32 Featured Posts Localism Sponsor Outside Blog Called Shot Master

That's good news for the local economy--and housing will benefit too.  In CA we struggle with the high cost of doing business in the state consequently jobs and housing continue to suffer.
5:33am • #6

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Claudette Millette - Metrowest Mass Buyer Broker

Ashland, MA

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