Florida ranks 11th on CNBC’s top states for business
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partnership, cooperation of two companies, deal of two businessmen
Florida's mediocre scores on cost of doing business and life, health and inclusion under CNBC's rubric knocked its ranking down.

Florida is accustomed to getting high marks in surveys and rankings of business-friendliness, but in a new CNBC analysis, the Sunshine State ranks 11th among top states to do business — a respectable showing but not among the upper echelon the state occupies in other rankings.

That’s likely because the CNBC analysis takes into consideration more than just tax and regulation policies. It weighted 10 categories — workforce (16%); infrastructure (15%); cost of doing business (14%); economy (13%); life, health and inclusion (13%); technology and innovation (10%); business friendliness (8%); education (7%); access to capital (2%); cost of living (2%).

Florida ranked above average in most categories, but its score was dragged down by the categories of cost of doing business (30th); life, health and inclusion (39th); business friendliness (39th); and cost of living (27th).

The middling ranking for cost of doing business might be a shock because of Florida’s relatively low business taxes, but the CNBC analysis used other factors in making their determinations.

“We also measure wage and utility costs, as well as the cost of office and industrial space. And we consider incentives and tax breaks that states offer to reduce business costs, with special emphasis on incentives targeted toward development in disadvantaged communities,” the report explains.

The business friendliness category, too, might be surprising to Florida’s business boosters, but the methodology points to an issue the Florida Chamber of Commerce and other business lobbies have bemoaned for years: lawsuits.

“Companies follow the path of least resistance,” the report states. “That includes a legal and regulatory framework that does not overburden business. We measure each state’s lawsuit and liability climates, regulatory regimes covering areas such as trade and labor, as well as overall bureaucracy.”

The top five states in the rankings are North Carolina, Washington, Virginia, Colorado and Texas. The bottom five are Hawaii, New Mexico, Louisiana, Alaska and Mississippi.

Gray Rohrer


6 comments

  • S.P. Inmeister

    July 18, 2022 at 6:39 am

    “Mediocre”? That’s just spin; just your word.
    CNBC? Not what I would call an unbiased source. What is the definition of “overall bureaucracy”?

  • John Barron

    July 18, 2022 at 7:34 am

    Couldn’t even make top ten. Another DeSantis Disgrace. He won’t ban abortion, won’t move on conceal carry and we’re not even on the top ten. He’s just another swamp RINO. Don Jr should run for FL Gov!!

    • Nancy VonT

      July 18, 2022 at 7:52 am

      Ivanka Ivanka Ivanka! Way better than Ronnie. Yeah either is better than Ronnie. But Ivanka would be a great choice for Florida!!!

  • Sondra Senet

    July 18, 2022 at 7:50 am

    Whenever Florida doesn’t finish in the top 5, everyone in state level politics needs to be impeached, thrown out of office and exiled. This is a disgrace.

    • marylou

      July 20, 2022 at 10:53 am

      They need that anyway.
      Florida is the least affordable state in the nation for people. THAT is the DISGRACE.

  • Joe Corsin

    July 18, 2022 at 9:18 am

    Vote RED for far right propaganda and lies

    Vote RED to shovel money to the rich while blaming the Dems for the fallout

    Vote RED for communist intervention in the free market to lower gas prices for red state losers who can’t afford a pot to piss in

Comments are closed.


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