Today we start our two-week countdown of the 10 Best and 10 Worst states for business based on our Open for Busienss Index. Come back each day for the next installment.
Best States for Business: #10
Florida
Open for Business Index Score: 82.5
Florida made high marks with a low tax burden, great infrastructure and low unionization. As a Right to Work state, Florida’s employees are protected from forced unionization. Grades for cost of living, income and health were average, while the state could use improvement in government as a percentage of the state’s GDP, education and tort reform.
Worst States for Business: #10
Minnesota
Open for Business Index Score: 66.35
Minnesota scored well for having a healthy, educated population. The Land of 10,000 Lakes also posted decent scores for infrastructure, and came in about average for tort reform. But that’s where the good news stops for Minnesota. The cost of living is high, government dominates the state’s economy and unions are powerful in this non-Right to Work state. The nail in the coffin is the state’s tax burden, which is one of the worst in the country.
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See #9 in each category by clicking here.
