Massachusetts ranked 14th best state to conduct business in, according to CNBC study

With the pandemic throwing the global economy for a loop, Massachusetts businesses managed to weather the unpredictable storm maintaining a healthy workforce and steady professional innovation.

CNBC’s annual “America’s top states for business” list ranked Massachusetts the 14th best state for entrepreneurs. The list was based off on a number of factors including: “Cost of Doing Business,” business friendliness, access to capital and infrastructure.

The commonwealth ranked 1st amongst states in education and 2nd in technology and innovation.

CNBC said that the pandemic has caused economic competition to grow, its “taken on multiple new dimensions, from the rise of remote work to a new corporate consciousness.”

The “Cost of Doing Business” category was weighted more on this year’s list than previous ones, due to the pandemic stifling the workforce. This was Massachusetts’ worse category, ranking 49th amongst states.

Since last year,…

Read more…