Study Finds Best and Worst States for Business in 2025
The study takes a look at all 50 states and ranks them from best to worst when it comes to running a business there, according to CNBC's Scott Cohn.
The metrics used for the rankings include, but are not limited to, the state's economy, infrastructure, workforce, cost of doing business, business friendliness and quality of life.
Coming in at No. 1 on the list for the third time in four years was North Carolina. The rest of the top 10 is Texas, Florida, Virginia, Ohio, Michigan, Georgia, Tennessee, Indiana and Minnesota.
"North Carolina's biggest strengths are in the categories of economy, workforce, and business friendliness," Cohn explained. "But federal budget cuts, tariffs and the recovery from Hurricane Helene could threaten its dominance."
When it comes to the worst state for business, Alaska owns that title. Preceding Alaska in the bottom 10, from No. 49 to No. 41, were Hawaii, Montana, Rhode Island, Louisiana, Mississippi, New Mexico, Maine, Nevada and Arkansas.
Two of the biggest states in the country based on population, California and New York, ranked No. 22 and 23, respectively.
Cohn notes that Massachusetts, which landed at No. 20 on the list, saw the biggest improvement from 2024.Study Finds Best and Worst States for Business in 2025 first appeared on Men's Journal on Jul 12, 2025
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