public policy

Forbes: R.I. 3rd worst state to do business

Posted 11/23/11

NEW YORK – Rhode Island is the third worst state in the nation to do business, according a ranking by Forbes.

The Ocean State earned the 48th spot on the “Best States for Business” ranking published Tuesday.

Hawaii, No. 49, and Maine, No. 50, were the only states to do worse on the ranking, although the Ocean State did move up one spot from next to last in 2010.

The ranking considered six factors – with business costs getting the most weight.

Rhode Island’s worst score was the regulatory environment at 50th, followed by the current economic climate, 49th; business costs, 40th; labor supply, 38th; quality of life, 18th; and growth prospects, 17th.

Other Northeast states to earn a spot on the bottom half of the list were Vermont, No. 45, and New Jersey, No. 44.

Massachusetts, however, came in at No. 18, while earning the infamous 50th spot for business costs, balanced by a No. 1 ranking for quality of life.

The best states for business, in order, were: Utah, Virginia and North Carolina. Louisiana was highlighted as a “big climber” jumping to No. 30 from No. 44 last year.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot early!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News