Among the best states for business, the Silver State ranks No. 29 overall, a new analysis shows.
In CNBC’s annual list of top states for business, released in June, Nevada jumped 18 spaces from No. 47 to No. 29.
The study uses a point system to rate 56 criteria such as economy, cost of living and cost of doing business.
For scoring purposes, criteria such as cost of doing business and economy earn states more points than criteria such as business friendliness and access to capital. The scoring methodology explains that certain categories are weighted more than others, because when a business is choosing a place to go, certain factors simply matter more. Compared to last year’s rankings, Nevada had the largest jump in rankings of any other state.