Thursday, September 24, 2009.

CT loses ground on Forbes’ “best state’’ list

From Hartford Business Journal: Connecticut ranks 35th – just behind Massachusetts – among the nation’s best places for business in 2009, losing ground from its ranking a year earlier, according to Forbes.com.

New England states overall showed poorly — with Rhode Island placing dead last — on the latest ranking by the business-information publisher.

…Forbes.com said today its 2009 ranking measures six vital categories for businesses: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life. It also factored in 33 different points of data to determine the ranks in the six main areas.

Business costs that include labor, energy and taxes were weighted the most heavily, the business-information publisher said.

Connecticut ranked near the bottom in four of six major categories.

According to Forbes, the state is 45th in business costs; 18th in labor supply; 33rd in regulatory environment; 31st in economic climate; and 37th in growth prospects.

… Rounding out New England, Forbes ranked New Hampshire No. 19 overall for business, just ahead of its 20th spot a year ago; Massachusetts improved to No. 34 from 36th place; Maine rose to No. 41 from 46th; Vermont was No. 47, down from 36th; and Rhode Island was No. 50, down from No. 45 last year.

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