Minnesota is nation’s best state for business, CNBC declares

Minnesota, famous for high taxes and for being sensitive to labor unions, is a nation’s best state for conducting business in 2015, according to a new ranking from CNBC, a business news channel.

The state changed adult from No. 6 final year and 15th in 2013.

“Never given we began rating a states in 2007 has a high-tax, high-wage, union-friendly state done it to a tip of a rankings,” CNBC pronounced in a matter concomitant a rankings. “But Minnesota does so good in so many other areas — like preparation and peculiarity of life — that a cost disadvantages blur away.”

The network’s investigate uses 60 measures of competitiveness, distant into 10 categories. The categories embody workforce, economy, infrastructure and transportation, education, cost of living, cost of doing business, entrance to capital, innovation, business friendship and peculiarity of life.

Minnesota got high outlines for a low stagnation rate (3.8 percent) and a clever labor force appearance rate (70.8 percent).

CNBC also pronounced Minnesota ranked third for peculiarity of life, observant a low crime rate, purify atmosphere and water, and entrance to peculiarity health care.

An prepared workforce helped put Minnesota during a tip of CNBCs list.

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