PHOENIX — Arizona didn’t make the highest echelon of CNBC’s annual ranking of the best states to do business, but it remained in the top quarter.
The Grand Canyon State held on to its No. 12 spot on the business television network’s America’s Top States for Business 2025 rankings, released on July 10.
CNBC's list aims to identify factors companies consider while selecting sites. The rankings for this list were determined based on 135 metrics in 10 categories: economy, infrastructure, workforce, cost of doing business, business friendliness, quality of life, technology and innovation, education, access to capital, and cost of living.
