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Washington named a top state for business | Business

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Washington named a top state for business
Business, News
Washington named a top state for business

Forbes has listed Washington as one of the top 10 Best States for Business for 2013. The Evergreen State came in at number nine on the annual list, that's two spots higher than the number 11 place the state was given in 2012.


In it's eighth year the study ranks the top 25 states based on costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life. Washington's ninth place was due in part to the large companies that are based here. The success of companies like Microsoft, Amazon, Nordstrom, Starbucks, Boeing and Costco has left investors wanting more.


The article on Forbes.com states that venture capitalists are more than willing to take on a new business out of Washington. Between 2010 and 2012 $2 billion in venture capitalist money went to Washington state. Forbes also says the lack of personal and corporate income taxes goes a long way for business in Washington.


Virginia topped the list after coming in second place for the last three years. The state was the only one to place in the top five in four of the six categories. North Dakota's oil boom put them in second place while Maine was ranked last for the fourth straight year.


You can read the complete list of Best States for Business for 2013 by clicking HERE.  

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