America's Top States for Business 2018
A scorecard on state economic climate
From CNBC, July 10, 2018
We score all 50 states 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, YPO and the states themselves.
States receive points based on their rankings in each metric. Then we separate those metrics into 10 broad categories, weighted based on how frequently each is used as a selling point in state economic development marketing materials. That way, our study ranks the states based on the criteria they use to sell themselves….
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47. Hawaii
The Aloha State gets high marks for its quality of life, but the cost of living here is high.
|
Category
|
Score
|
2018 Rank
|
2017 Rank
|
Grade
|
| Workforce |
148 |
48 |
48 |
D- |
| Infrastructure |
173 |
40 |
40 |
D+ |
| Cost of Doing Business |
70 |
49 |
50 |
F |
| Economy |
134 |
33 |
35 (Tie) |
C- |
| Quality of Life |
264 |
2 |
1 |
A+ |
| Technology & Innovation |
63 |
42 |
45 |
F |
| Education |
94 |
31 |
30 (Tie) |
C- |
| Business Friendliness |
37 |
43 |
47 (Tie) |
D- |
| Access to Capital |
22 |
42 |
41 (Tie) |
F |
| Cost of Living |
1 |
50 |
50 |
F |
| Overall |
1006 |
47 |
49 |
- |
Economic Profile
- Governor: David Ige, Democrat
- Population: 1,427,538
- GDP growth (Q4 2017): 2.0 percent
- Unemployment rate (May 2018): 2.0 percent
- Top corporate tax rate: 6.4 percent
- Top individual income tax rate: 11 percent
- Gasoline tax: 46.92 cents/gallon
- Bond rating: (Moody's/S&P): Aa1, stable/AA+, stable
- Major private employers: Bank of Hawaii, Corp., Hawaiian Electric Industries Inc.
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
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