In July 2022, CNBC.com released the results of its evaluation of the US states with the best environments for business. Each of the 50 states was assessed based on 88 measures that were grouped into 10 larger categories. The 10 major categories were: workforce; infrastructure; cost of doing business; economy; health, life, and inclusion; innovation and technology; business friendliness; cost of living; access to capital; and education. Each states could receive a maximum score of 2,500 points and a “letter grade” was also given for each of the 10 major categories (A = Excellent, B = Very Good, C = Satisfactory, D = Below Average, and F = Failure). According to the evaluation, the top 10 best states for business in 2022 are: #1 North Carolina, #2 Washington, #3 Virginia, #4 Colorado, #5 Texas, #6 Tennessee, #7 Nebraska, #8 Utah, #9 Minnesota, and #10 Georgia. The top state for business, North Carolina, also came in 1st place for its economy and received the following grades for each category: economy = A+; innovation and technology = A+; cost of living = A; education = B+; workforce = B+; cost of doing business = B; infrastructure = B-; cost of living = C+; business friendliness = C; and health, life and inclusion = C-. The report also noted that North Carolina has a very low unemployment rate of 3.4 percent (May 2022); the maximum corporate tax rate is only 2.5 percent; and the maximum state income tax rate for individuals is just 4.99 percent. To read more and see the ranking of all 50 states, click here!