Jul 29, 2022 - Business

Arkansas ranks low for business climate

Illustration of the United States as a bar chart element extending into the foreground, leaving Arkansas behind.
Illustration: Brendan Lynch/Axios

Despite efforts to boost the state's entrepreneurial ecosystem, Arkansas didn't fare well on CNBC's latest "America's Top States for Business" list.

  • The Natural State came in at No. 41.

What they did: CNBC analyzed and scored 10 categories for each state ranging from workforce to economy.

What they found: Arkansas performed well for its cost of living (A+) and cost of doing business (A).

  • But, it didn't score so great on technology and innovation (D-); life, health and inclusion (D); business friendliness (D+); or workforce (D+).
  • Infrastructure, economy, education and access to capital all had "C" ratings.

Our thought bubble: This is only one list of the many published every year by different entities pitting state against state for one thing or another, so take it with a grain of salt.

  • Yes, but: CNBC is a reputable, legitimate news-gathering organization, so when business leaders do research for expansions or relocations, this list could figure into their calculus.
avatar

Get more local stories in your inbox with Axios NW Arkansas.

🌱

Support local journalism by becoming a member.

Learn more

More NW Arkansas stories

No stories could be found

NW Arkansaspostcard

Get a free daily digest of the most important news in your backyard with Axios NW Arkansas.

🌱

Support local journalism by becoming a member.

Learn more