Ranked second in cost of living
LEXINGTON, Ky. (July 13, 2016) — Kentucky is the 35th best state for business, according to CNBC’s 10th annual America’s Top States for Business 2016. States are scored on more than 60 measures of competitiveness, developed with input from a broad and diverse array of business and policy experts, official government sources, the CNBC Global CFO Council and the states themselves, according to CNBC. Kentucky was ranked 36th last year.
States receive points based on their rankings in each metric, with metrics separated into 10 categories: workforce; cost of doing business; infrastructure; economy; quality of life; technology and innovation; education; business friendliness; cost of living; and access to capital.
Kentucky was ranked second in cost of living, fifth in cost of doing business and 14th in infrastructure. The Bluegrass State didn’t score as well in the other seven categories, getting ranked 29th in education, 37th in technology and innovation, 38th in access to capital, 40th in economy, 41st in business friendliness, 42nd in quality of life and 46th in workforce.