Washington No. 1 State for Business in US
In CNBC’s 2017 ranking of America’s Top States for Business, Washington state soared to the top of the list!
Our state’s economy grew 3.7% last year, which is 2.5 times faster than the national rate. Additionally, we have the nation’s largest concentration of STEM workers. The technology market here is one of the strongest across all 50 states. About 10% of Washington workers are employed in a STEM profession.
As CNBC states from their report, “The home of Amazon and Costco, Boeing and Expedia, as well as rising stars like Adaptive Biotechnologies, online marketplace OfferUp and space company Blue Origin, Washington has the old and new economies covered — as well as pretty much everything in between.”
The state is also a strong magnet for investment capital. “Washington businesses attract nearly $1.6 million in venture capital last year, the sixth-highest total in the nation.”
We aren’t without a couple of flaws though. The categories Education, Cost of Living, and Cost of Doing Business all ranked considerably lower when compared to other states. Infrastructure, a well-known deficit and common complain, also ranked 32nd.
Washington continues to make headlines and is taking the country by storm as one of the best places for business!
Read more on the full report from CNBC.