Massachusetts iuliia_n / Shutterstock Total Score – 74.16 Quality Rank – 1 Safety Rank – 1 Massachusetts’ business costs, including labor, energy, and taxes, are the highest of the 48 contiguous states—only Hawaii is higher—at 19% above the national average. Though its regulatory climate is also lousy, the Bay State benefits from a host of top-notch universities dumping thousands of highly educated graduates into its labor supply each year.
These grads—and the subsequent companies they startup— attract the third most venture capital money in the U.S., behind only California and New York. Massachusetts ranks fourth on quality of life thanks to the state’s strong schools, bountiful arts, and recreation opportunities, a healthy populous and a plethora of top-rated colleges. ------ Sara Mattes
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