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July 14, 2022

CNBC ranks CT 39th best state for business

HBJ File Photo Downtown Hartford skyline.
By Andrew Larson

Connecticut was ranked the 39th most competitive state in CNBC’s America’s Top States for Business report, dropping 15 places from last year.

CNBC scored all 50 states on 88 metrics in 10 categories of competitiveness. Each category was weighted based on how frequently states used them as a selling point in economic development marketing materials.

The top state overall was North Carolina, which ranked first in terms of its economy and fifth in terms of technology and innovation.

Washington ranked second overall, followed by Virginia, Colorado and Texas.

Connecticut finished with a 14th-place ranking for its economy and won 17th place in the health, life and inclusion category. It lagged behind in terms of its cost of business (45th) and economy (47th).

The Nutmeg State beat New Jersey (42nd) and Maine (43rd) but lost to Massachusetts (24th) and New York (36th).

Mississippi ranked 50th, just ahead of Alaska. View the full rankings here.

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