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These 10 U.S. states have America’s best economies in 2024
  + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com   time to read: +13 min
We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Delaware's economy turned in a lackluster performance in 2023 — the only state economy to shrink last year. Mario Tama | Getty ImagesThe Grand Canyon State's surging chip sector is delivering many dividends, including strong job growth and a healthy housing market. But he noted that construction employment grew at a healthy pace last year, evidence that the state economy still has steam left.
Persons: Dupont De Nemours, Ethan Miller, Kevin C, George Frey, Mark Knold, Knold, Zions, Mario Tama, Katie Hobbs, Allison Joyce, they've, Andrew Berger, Gross, Berger, Nina Dietzel, Lawrence Kessler, Kessler, Brandon Bell, Joe Raedle Organizations: Companies, Business, Delaware, Istock, Getty, Fortune, Census, Commerce Department, Aaa, Direct Investment, Corporate, Gem State, Micron Technology, Lamb Weston Holdings, Silver State, Pew, Major Corporations, Vegas Sands, MGM Resorts, Benz, Cox, Mercedes, Nestlé, Purina, Adidas, Georgia Department of Economic, U.S . Commerce Department, Assurant, Intercontinental, Contractors, Bloomberg, Utah's Department of Workforce Services, Arizona Workers, Gov, Democrat, Major, Technology, North, Health, Employers, North Carolina Department of Commerce, Corporate Headquarters, Bank of America, Duke Energy, Tennessee, University of Tennessee, The Volunteer State, FedEx, Texas Employees, Lone Star State, Entrepreneurship, Oracle, Tesla, Amerant Locations: States, Wilmington, New Castle County , Delaware, Delaware, Incyte, Idaho, Boise , Idaho, USA, Nevada, Las Vegas, Las Vegas , Nevada, Southern California, Vegas, Georgia, Atlanta , Georgia, Peach, Utah, Provo , Utah, U.S, Beehive, Buckeye , Arizona, Arizona, North Carolina, Wilmington , North Carolina, Carolina, Tennessee Nashville , Tennessee, Luling , Texas, The Texas, North Dakota, California, Texas, Florida, Sunrise , Florida
CNBC considers the housing market as part of the Economy category in America's Top States for Business, the annual rankings of all 50 states. We consider price appreciation and seller gains, as well as affordability, inventory, and housing starts. Still, price appreciation remains healthy. That price appreciation may be bringing more construction activity, which is one reason inventory levels are rising. 1 (Top States Grade: A+) Appreciation: 6.85% Inventory (July): 4 months Affordability score: 0.44 Effective property tax rate: 0.76% Median sales price: $420,100
Persons: Indiana homebuyers, Elijah Nouvelage, Tennessee Cynthia Holzapfel, Cynthia Holzapfel, Kevin Wurm, Roger Kisby, Allison Joyce, Sellers, Sam Wolfe, Jakub Porzycki Organizations: CNBC, Business, Istock, Getty, Indiana, Hoosier State, Bloomberg, Washington Post, Volunteer State, Southern Highlands, ., State, North Carolina Workers, Arizona, South Carolina Homes, Palmetto State, Nurphoto Locations: States, Delaware, Brookside Delaware, Indiana, Midwest, USA, Georgia, Atlanta , Georgia, U.S, Peach, Summertown , Tennessee, Nevada, Las Vegas , Nevada, . New Jersey New Jersey, Barnegat, , New Jersey, Illinois, Lillington , North Carolina, Alabama, Yuma , Arizona, Summerville , South Carolina, Palmetto, Florida, Duval, Key West, United States
2024 Quality of Life Score: 119 out of 325 Points (Top States Grade: D-) Strengths: Crime, Voting Rights, Worker Protections Weaknesses: Air Quality, Reproductive Rights, Health Care9. 2024 Quality of Life Score: 98 out of 325 points (Top States Grade: F) Strength: Air Quality Weaknesses: Voting Rights, Crime, Reproductive Rights6. 2024 Quality of Life Score: 96 out of 325 points (Top States Grade: F) Strengths: Child Care, Air Quality Weaknesses: Crime, Inclusiveness, Health Care5. 2024 Quality of Life Score: 85 out of 325 points (Top States Grade: F) Strength: Air Quality Weaknesses: Reproductive Rights, Health, Worker Protections, Voting Rights3. 2024 Quality of Life Score: 83 out of 325 points (Top States Grade: F) Strength: Child Care Weaknesses: Voting Rights, Inclusiveness, Worker Protections2.
Persons: CNBC's, Rebecca Noble, Katie Hobbs, Kansas Thomas Barwick, Bacchus, Chandan Khanna, Wesley Bell, Michael B, Thomas, Michael Pomante, Bill Lee's, Seth Herald, Bill Lee, Oklahoma Dr, Franz Theard, Paul Ratje, Dobbs, Oklahomans, Elijah Nouvelage, Darwin Varela, Brandon Bell Organizations: Business, Arizona, Abortion, Arizona House Republicans, American Lung Association, American Hospital Association, Democratic, Health, Kansas, Digitalvision, Getty, FBI, Louisiana Police, AFP, United Health Foundation, Louisiana Department of Education, Louis County Board, United Democracy Center ., Tennessee Educators, The Tennessee Bureau, Investigation, Volunteer State, Rights, Republican Gov, Care, National Conference of State Legislatures, Reproductive Clinic, Washington, Washington Post, Guttmacher, Sooner State, Alabama Voters, Alabama, Center, Election Innovation, Research, Oxfam America, State, Indiana, Getty Images Indiana, Hoosier State, Reproductive, Fort Duncan Regional Medical Center Locations: States, Arizona, Phoenix , Arizona, Sunflower, America . Kansas, Kansas, New Orleans, Pelican, Louisiana, Missouri, Louis, Louis County, St, Ann , Missouri, United Democracy Center . Missouri, Tennessee, Nashville, Nashville , Tennessee, Seth, Arkansas, New Mexico, Oklahoma, Santa Teresa , New Mexico, Oxford , Alabama, Delaware , Mississippi, New Hampshire, Alabama, Hoosier, Indiana, Eagle Pass , Texas
To rate each state's infrastructure, we look at roads, bridges, ports and airports. New in 2024, we evaluate so-called site readiness programs set up in many states to link companies with shovel-ready sites. The Economic Development Partnership of Alabama offers one of the more robust site readiness programs in the nation. Roads, bridges, and broadband are also in excellent shape in Tennessee. A respectable 24% of the state's power comes from renewable energy, putting it in the top half of states.
Persons: Pete Buttigieg, Buttigieg, Gary Hershorn, Brad Lander, Kathy Hochul, Luke Sharrett, Liam Kennedy, Chicago —, Carl Sandburg, Minnesotans, Tim Walz, Nathan Howard, — Virginia, Caitlin O'Hara, Elijah Nouvelage Organizations: Infrastructure Law, CNBC, Law, Business, Empire, Hudson, Corbis, Census, Gov, Indiana, CSX Corp, Bloomberg, Getty, Crossroads of America, U.S . Surface Transportation, Hoosier State, of Energy, Street Foundation, Economic Development, Alabama, Tennessee Downtown, Istock, Volunteer State, Energy Department, Illinois Metra, Chicago, Railroads, Census Bureau, Surface Transportation, Traffic, Midway, Chicago Department of Aviation, Lincoln, Minnesota, Jimkruger, Minnesota's Department of Economic, The Utah Department of Transportation, Beehive State, Planners, Virginia, Amazon.com Inc, , Washington Post, Georgia Passengers, Hartsfield, Jackson Atlanta International Airport Locations: States, York, Manhattan, New York City, New York, Ohio, Clarksville , Indiana, U.S, Indiana, Alabama, Trinity , Alabama, Yellowhammer State, Tennessee Downtown Nashville , Tennessee, Tennessee, Illinois, Chicago, Rudybalasko, Texas, Minneapolis , Minnesota, Mississippi, Minneapolis, Utah, Salt Lake City, Beehive, Farmington, Ashburn , Virginia, Northern Virginia, Arizona, Phoenix , Arizona, Atlanta , Georgia
LOS ANGELES (AP) — Gary Colson, who successfully lobbied to introduce the 3-point shot to college basketball during a 34-year coaching career that included stops at Fresno State, New Mexico and Pepperdine, died Friday. However, Colson went ahead, and the proposal passed. He was the league's coach of the year in 1976 and was elected to the school's athletic hall of fame in 1996. He was an all-conference player at Lipscomb and was named the Volunteer State Athletic Conference MVP as a senior. Colson authored the books “California Basketball” and “New Mexico Basketball — The System” about the fundamentals of the game.
Persons: — Gary Colson, Bob Rose, Colson’s, Colson, Norm Stewart, Digger Phelps, Gerald Myers, Gene Bartow, Hall of Famer Dennis Johnson, Luc Longley, Jerry Tarkanian, Dave Bliss, Jim Harrick, Bill Cartwright, Norm Ellenberger, David Lipscomb, Hall of Famer Jerry West, Mary Katherine, Rick, Wade, Garianne, ___ Organizations: ANGELES, Fresno, Pepperdine, Division, Valdosta State, NCAA, Hall of Famer, Chicago Bulls, Fresno State, NAIA, Georgia Intercollegiate Athletic Conference, West Coast Athletic Conference, San, Lobos, NIT, Western Athletic Conference, Vanderbilt, Lipscomb, Volunteer State Athletic, Memphis Grizzlies, “ New, “ New Mexico Basketball, AP Locations: Fresno State , New Mexico, Santa Barbara , California, Georgia, Fresno, New Mexico, San Francisco, Arizona, Logansport , Indiana, California, , “ New Mexico, Japan
Floridians, Texans, and Californians in particular are relocating there for a slower pace of life. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementLindsey Moore, a mom of three and a dental technician who posts about her life on TikTok @lindseyswagmom , recently extolled the virtues of her new home state: Tennessee. She said many Floridians are packing up for places like Knoxville, Tennessee; Greenville, South Carolina; and Huntsville, Alabama, which she collectively calls "the Villes." "People are moving to simpler places because the places that they're leaving are becoming very, very complicated."
Persons: , Lindsey Moore, TikTok @lindseyswagmom, Moore, didn't, Texas —, Rachael Wedekind, Jamie Foreman, Holly Meyer Lucas, Meyer Lucas, they're, Michael Tyler Organizations: Texans, Service, Volunteer, Memphis, . Software, Oracle, Facebook, Sunshine, Golden State, Knoxville Locations: Tennessee, Floridians, Knoxville, Nashville, Memphis, Florida, California, Texas, New York, Pennsylvania, Smoky, Relocators, Miami, Orlando, Tampa, Knoxville , Tennessee, Greenville , South Carolina, Huntsville , Alabama, Sacramento, Jonesborough
“We are suing to stop the federal government from playing politics with the health of Tennessee women,” Skrmetti said in a statement. In 2021, the Biden administration reversed a ban on abortion referrals by clinics that accept Title X funds. Under the latest rule, clinics cannot use federal family planning money to pay for abortions, but they must offer information about abortion at the patient's request. Then, last year, the U.S. Supreme Court overturned Roe v. Wade, allowing many Republican-led states like Tennessee to impose abortion bans. Tennessee has increasingly called for rejecting federal funding rather than comply with requirements over LGBTQ+ rights, abortion access and other hot-button issues.
Persons: , Jonathan Skrmetti, ” Skrmetti, Biden, Donald Trump, Roe, Wade, Bill Lee, Organizations: U.S . Department of Health, Human Services, U.S, Supreme, Republican, HHS, Tennessee, Republican Gov, Volunteer State Locations: Tenn, U.S, Knoxville, Tennessee, United States
But NOAA puts the Ohio Valley at the low end of its Climate Extremes Index, which considers temperatures, precipitation, drought and hurricanes. 2023 Infrastructure score: 205 out of 390 points (Top States grade: C+) Climate Extremes Index: 8.7% Properties at risk: 2.1% Renewable energy: 12.3%8. 2023 Infrastructure score: 231 out of 390 points (Top States grade: B) Climate Extremes Index: 23.68% Properties at risk: 4.2% Renewable energy: 42.5%5. 2023 Infrastructure score: 254 out of 390 points (Top States grade: A-) Climate Extremes Index: 8.7% Properties at risk: 2.7% Renewable energy: 34.6%2. 2023 Infrastructure score: 193 out of 390 points (Top States grade: C) Climate Extremes Index: 19.78% Properties at risk: 9% Renewable energy: 84%1.
Persons: Jeremy Porter, they're, Porter, John Boyd , Jr, Seth Herald, Joe Biden, Adam J, Brian Snyder, Jim Mracek, Andrew Lichtenstein, Helen H, Richardson, Marshall, Jewel Samad, James McGath, Cole Ruud, Nicole Neri, Scott Olson, Biden, Daniel Acker Organizations: Street Foundation, The Boyd Company, Micron, CNBC, First, Atmospheric Administration, U.S . Department of Energy, Tennessee, NOAA, Seth, AFP, Getty, Volunteer State, Michigan, Dewey, Anadolu Agency, Great, Great Lakes State, FEMA, Green, Nebraska, Corbis, Cornhusker, Colorado Firefighters, National Center for Atmospheric Research, Denver Post, Centennial, Kansas, Oklahoma Electric, Sooner State, Energy Department, Washington Post, North Star State, Mount, Iowa, Bloomberg Locations: New York, States, Memphis , Tennessee, Tennessee, Ohio, Royal Oak, MI, Metro Detroit, Royal Oak , Michigan, United States, Great Lakes, Michigan, Vermont, Montpelier , Vermont, Nebraska, Cass County, Boulder , Colorado, Colorado, Dodge City , Kansas, Kansas, Moore , Oklahoma, Sooner, Oklahoma, Minnesota, Stillwater, Stillwater , Minnesota, St, Croix, Dakota, Salem , South Dakota, Mount Rushmore, South Dakota, Gowrie , Iowa, U.S
To determine which states have the best economy, we look at overall economic growth and annual job growth on a percentage basis, as well as the health of state finances. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. IndianaWhile the Hoosier State's economy is hardly a barnburner, Indiana offers stability. The state's debt rating is solid. UtahThe Beehive State's economy just keeps buzzing.
Persons: Christina, Dupont De Nemours, Incyte Carlos Hernandez, Eileen T, Meslar, Eli Lilly, Kyle Green, Lucas Jackson, George Frey, Zions, Tim Aeppel, , Justin Sullivan, Lindsey Nicholson, Matthew Busch, payrolls, Jim Watson Organizations: Companies, Business, Getty, Bureau, AAA, Reuters, Indiana, Hoosier, Federal Housing Finance Agency, National Association of Realtors, Simon Property, Bloomberg, Gem, Data Solutions, Micron Technology, Lamb Weston Holdings, South, South Carolina, Union Pacific, Automotive Designs, . Tennessee The Volunteer State, Headquarters, FedEx, Tractor, Delta Airlines, Peach State, Assurant, Intercontinental Exchange, Universal, North, Bank of America, Duke Energy, Just Energy Group, Texas, Lone Star State, Oracle, Tesla, AFP Locations: U.S, States, Wilmington , Delaware, Delaware, Middlebury , Indiana, , Indiana, CBH, Calvary Springs, Nampa , Idaho, Idaho, California, York County , South Carolina, South Carolina, Palmetto, South, Salt Lake City , Utah, Utah, Bristol , Indiana, Tennessee, Alpharetta , Georgia, Georgia, Denver , North Carolina, North Carolina, Houston , Texas, The Texas, Texas, New York, Miami , Florida, Florida
The Shelby County Commission voted to reinstate Justin Pearson back to his seat in the Tennessee House. Pearson was removed from the body alongside newly-reinstated state Rep. Justin Jones over a gun reform protest. On Wednesday, the Shelby County Board of Commissioners voted unanimously former state Rep. Justin Pearson of Memphis back to the seat that he last occupied just last Thursday. Pearson, along with state Rep. Justin Jones of Nashville, had been expelled from the legislature for what Republicans said was a breach in decorum in leading an unauthorized gun control push on the House floor. Tennessee Republicans have denied that Pearson and Johnson were removed from the body because of race.
In-N-Out, which turns 75 this year, is expanding to its eighth state – Tennessee. Here's why it takes so long for In-N-Out to open restaurants in new states. It took about three years for In-N-Out to open the first Colorado restaurant after announcing expansion there in 2017. Why does it take so long to open In-N-Out in a new region? The same will be true for Tennessee, as In-N-Out doesn't build restaurants further than 500 miles from its distribution centers.
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