Nevada moves up 18 places in ranking for best states for business
July 19, 2014
NISKAYUNA, N.Y. (AP) -- New York state is teaming with General Electric and other companies on a $500 million initiative to spur research and development in miniature electronic components.
Gov. Andrew Cuomo joined GE CEO Jeffrey Immelt on Tuesday at the Fairfield, Connecticut, company's upstate research center to announce the manufacturing consortium. The state will invest $135 million, with GE and other private companies expected to contribute the remaining $365 million.
The work will focus on innovative materials to make smaller semiconductors for computers and technology used in many industries including solar power, health care and aviation.
The partnership will be based at the SUNY College of Nanoscale Science and Engineering in Albany but will involve companies and university researchers from around the state.
Nevada moves up 18 places in ranking for best states for business
July 17, 2014
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.