Maryland fell to No. 27 in America’s Top States for Business in 2022, the business and financial news network CNBC’s annual competitiveness ranking.
Last year, Maryland ranked No. 12 in the competitiveness rankings, weighted according to the frequency states use attributes such as the strength of the workforce, the state of infrastructure development and the cost of doing business as selling points in their economic development materials, CNBC said.
In all, CNBC measured how well the states performed across 88 metrics in 10 categories. For the first time, child-care resources and support for emerging industries such as cryptocurrency and cannabis were included in the competitiveness rankings. States can earn a total of 2,500 points.