Forbes Best States for Business Reveals Mississippi’s Strengths and Weaknesses
The latest Forbes Best States for Business ranking is out. Mississippi is in the Top 20 in 3 categories and the Bottom 5 in 3 categories. The Magnolia State ranks 18th in Business Costs , 19th in Regulatory Environment and 20th in Growth Prospects. It ranks 49th in Labor, 46th in Economic Climate and 46th in Quality of Life.
The Labor ranking was a bit of mystery to me until I looked at the methodology and sources and discovered that the Labor category included educational attainment, net migration and projected population growth. Quality of Life was based on schools, health, crime, cost of living and poverty rates.
The Top 5 states in the rankings were Virginia, Washington, Utah, Colorado and North Carolina in that order.