The Top And Bottom Five
CRN's analysis of the best and worst states to start a solution provider business used many factors to determine which states offer the most business opportunities, such as the number of both businesses in a state and fast-growing businesses as a share of total businesses. Other metrics include a state's economic strength and diversity, business' access to capital, residents' access to broadband communications, a state's rank for high-wage traded services (service sector employment with average wages above the national median) and manufacturing value added rank (the value added in manufacturing processes by a state's industries). Weighted to reflect importance to solution providers, the criteria were based on the results of a February 2013 survey of 250 technology solution providers. The first five states have the highest business opportunity scores (No. 5-No. 1), followed by the worst (No. 46-No. 50). Data sources include The Information Technology & Innovation Foundation's 2012 State New Economy Index report, the U.S. Census Bureau's American Community Survey and Federal Cost of Living Index, CNBC, and the U.S. Bureau of Labor Statistics.