CT, NY don’t fare well on Forbes’ ‘Best States for Business’ list

Connecticut came in 42^nd on Forbes”™ annual “Best States for Business” list, while New York came in 29^th.

Forbes’ list compiles its rankings on such factors as costs to do business, labor supply, quality of life, regulatory environment, economic climate and growth prospects.

Connecticut received below-average rankings in five out of six categories: business costs (41st); labor supply (33rd); regulatory environment (42nd); economic climate (42nd) and growth prospects (43rd). Its one high ranking (fifth) was for its quality of life.

New York ranked 36^th in business costs; 31^st in labor supply; 27^th in regulatory environment; 15^th in economic climate; 21^st in growth prospects; and 24^th in quality of life.

The state with the highest overall ranking was North Carolina, while West Virginia finished last.