Top 10 Business State

Iowa ranks as a top 10 business state in CNBC list

Iowa is one of the top states for business, according to CNBC’s annual list.

Iowa is the No. 9 on the CNBC list of America’s Top States for Business. The state was helped by a No. 1 ranking in the Cost of Doing Business category (tied with Arkansas) and No. 5 in Economy, up five spots from last year.

The state’s lowest rankings were in Infrastructure and Transportation (37) and Access to Capital (35).

Each state was scored using publicly available data on 43 measures of competitiveness. The measures were separated into 10 broad categories.

Iowa dropped three spots in the overall rankings after coming in at No. 6 last year.

Virginia ranked as the No. 1 state for business, followed by Texas at No. 2. Rounding out the top 10 were North Carolina, Georgia, Colorado, Massachusetts, Minnesota, Utah and Nebraska.

The bottom five were Rhode Island, Alaska, Hawaii, Mississippi and West Virginia.

To see Iowa’s rankings, click here. To see the full state rankings, click here.

No. 1 City for Young Professionals

Forbes: Des Moines No. 1 city for young professionals

Des Moines is the best city for young professionals, according to Forbes magazine. The magazine today released its “America’s Best Cities for Young Professionals” list, which ranked Des Moines at No. 1. Forbes said the city has a higher concentration of big businesses (1 for every 568 residents) than any other city assessed. Forbes noted that a number of established companies in the area are expanding, and Des Moines is also attracting start-ups and companies relocating from the coasts. The city’s 5.8 percent unemployment rate was the sixth-lowest of the 100 cities Forbes studied. This is the first time Des Moines has been ranked No. 1 on the list. To see the full article, click here.

Des Moines a top 5 employment city since 2000

Des Moines is tied for the fifth-lowest average unemployment rate since 2000, according to numbers from the U.S. Bureau of Labor compiled by bizjournals.com that measured the 100 largest metro areas.

From January 2000 to May 2011, Des Moines had a median jobless rate of 3.9 percent, behind only Madison, Wis., Honolulu, Washington, D.C., and Lancaster, Pa. Des Moines’ highest rate during that time has been 6.8 percent, and it has spent 109 of 137 months at 5 percent or less.

Resource: businessrecord.com