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PROVIDENCE, RI (WPRI) – Rhode Island has maintained the status quo in the latest CNBC ranking the 50 states are in business.
The television network ranked Rhode Island 45th out of 50 on its 2018 list of top states of affairs, which was released Tuesday. The state was linked to Maine. Rhode Island was also ranked 45th in 2017, its highest level yet, having been ranked last in 2016, 2014 and 2012.
Among the categories reviewed by CNBC, Rhode Island was again selected by its poor infrastructure, which ranked the worst in the nation. The state was also ranked again at the bottom of the scale in three of the other 10 categories on the list: Access to Capital, Cost of Business and Cost of Living
"In Maine, the Manpower is one of the least productive.In the country, based on economic output per job, "CNBC's Scott Cohn wrote in an analysis of the list. "Rhode Island has been working on its infrastructure, funded by its first truck tolls, launched in June. CNBC said its infrastructure score is based on the value of goods shipped "by air, waterways, roads and railways," the availability of flights, the quality of roads and bridges, the Massachusetts once again ranked much higher than Rhode Island on the list: 8th, up from 10th in 2017 and 20th in 2016. Connecticut has moved to 37th place, down from 33rd in 2017, but up from 43rd in 2016.
The top four states were Texas, Washington, Utah, and Virginia; the last four were Alaska, Mississippi, West Virginia and Hawaii
The CNBC list and its methodology have a number of criticisms, but the elected leaders of Rhode Island have clearly made to know over the years, long-term indices on various national business and climate rankings like this one.
The latest rankings quickly became food sources for the governor's campaign
"[Democratic Gov. Gina] Raimondo is talking about a great game to make real progress in Rhode Island. With sluggish economic growth, an unemployment rate above the national average and four years of abysmal odds for companies, the facts do not match his words, "said John Burke, spokesman for the Association of Republican governors. ([email protected]) covers politics and the economy for WPRI.com. He is a weekly panelist on Newsmakers and welcomes Executive Suite. Follow him on Twitter and Facebook
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