Washington State Falls from Top 10 in Business-Friendly Rankings

August 12, 2025 - 02:56

For the first time in more than a decade, Washington state has dropped out of the top 10 in CNBC’s annual ranking of the best states for business. This significant shift highlights a growing concern among local businesses and policymakers regarding the state's economic climate. The ranking considers various factors, including workforce quality, infrastructure, and business costs, all of which play a crucial role in attracting and retaining companies.

In recent years, Washington has faced challenges such as rising costs of living, regulatory hurdles, and a competitive labor market. These issues may have contributed to the state's decline in the rankings, as businesses seek environments that foster growth and innovation.

Despite this setback, state officials remain optimistic about Washington's long-term economic prospects. They are focusing on initiatives aimed at improving the business environment, including workforce development programs and infrastructure investments. The hope is that these efforts will help restore Washington's reputation as a top destination for businesses in the near future.