CNBC: America's Top States For Business -- Editor's Introduction - Top States For Business

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CNBC: America's Top States For Business -- Editor's Introduction

Sectors:Technology | Travel and Leisure

By: Scott Cohn, Senior Correspondent, CNBC | 13 Jul 2007 | 12:38 PM ET

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Why do some states attract more business than others? How do they do it? And how does your state stack up? CNBC, America's Business Channel, looks at the best states for business--and the worst--in our exclusive study.

To arrive at America's Top States for Business, Coordinating Producer Courtney Ford and I scored all 50 states--using publicly available data--on 40 different measures of competitiveness. States received points based on their rankings in each metric. Then, we separated those metrics into ten broad categories.

So what makes a state great for business? Here are our ten categories and the maximum possible points for each:

Ten Categories | maximum possible points for each

Categories	Points
Cost of Doing Business	450
Workforce	350
Economy	314
Education	250
Quality of Life	250
Technology & Innovation	150
Transportation	107
Cost of Living	50
Business Friendliness	50
Access to Capital	50
Total Points	2021

We weighted the categories based on how frequently each is cited in state economic development marketing materials (We figure the states have a pretty good idea of what the businesses they court are looking for). So, for example, a strong showing in the Cost of Doing Business category--worth 450 out of a total of 2021 points--is much more important to a state's overall score than Access to Capital, which is worth 50 points. (For complete criteria, click here.) We chose our categories with input from business groups including the National Association of Manufacturers

Starting Monday, July 9, we're revealing the top five states in our study on "Power Lunch" at 1215p ET, counting down to the winner on Friday, July 13. We'll also be providing hints each day as to the identify of those states.

The complete rankings of our study and how each of the fifty states performed in the ten various categories will be revealed along with the winning state on July 13. (Good luck!)

In the meantime, check out our snapshots of all 50 states and give us your opinion on why your state is good for business.