Rankings

CNBC America's Top States for Business, 2025 — click a row for the full breakdown.

Filter by tier
Tier
#1 North Carolina 100/100 Very favourable
#2 Texas 99/100 Very favourable
#3 Florida 98/100 Very favourable
#4 Virginia 98/100 Very favourable
#5 Ohio 94/100 Very favourable
#6 Michigan 92/100 Very favourable
#7 Georgia 92/100 Very favourable
#8 Tennessee 88/100 Very favourable
#9 Indiana 87/100 Very favourable
#10 Minnesota 87/100 Very favourable
#11 Colorado 86/100 Very favourable
#12 Arizona 86/100 Very favourable
#13 Illinois 85/100 Very favourable
#14 Washington 85/100 Very favourable
#15 Nebraska 85/100 Very favourable
#16 Utah 85/100 Very favourable
#17 Pennsylvania 84/100 Very favourable
#18 South Carolina 84/100 Moderate
#19 Alabama 83/100 Moderate
#20 Massachusetts 81/100 Moderate
#21 Wisconsin 81/100 Moderate
#22 California 81/100 Moderate
#23 New York 80/100 Moderate
#24 Iowa 80/100 Moderate
#25 Kentucky 80/100 Moderate
#25 North Dakota 80/100 Moderate
#27 Idaho 80/100 Moderate
#28 Connecticut 80/100 Moderate
#29 Delaware 80/100 Moderate
#30 New Jersey 79/100 Moderate
#31 Wyoming 79/100 Moderate
#32 Maryland 78/100 Moderate
#33 Kansas 77/100 Moderate
#34 Missouri 77/100 Moderate
#35 South Dakota 77/100 Less favourable
#36 New Hampshire 76/100 Less favourable
#37 Oklahoma 76/100 Less favourable
#38 Vermont 76/100 Less favourable
#39 Oregon 74/100 Less favourable
#40 West Virginia 74/100 Less favourable
#41 Arkansas 73/100 Less favourable
#42 Nevada 73/100 Less favourable
#43 Maine 71/100 Less favourable
#44 New Mexico 70/100 Less favourable
#45 Mississippi 67/100 Less favourable
#46 Louisiana 67/100 Less favourable
#46 Rhode Island 67/100 Less favourable
#48 Montana 66/100 Less favourable
#49 Hawaii 59/100 Less favourable
#50 Alaska 58/100 Less favourable