What are the most profitable states for business in America in 2024? Discover the complete ranking!

In the year 2024, businesses are constantly seeking to prosper and maximize their profitability. To do this, it is essential to target the states most conducive to economic development in America. Discover now the complete ranking of the most profitable states for businesses in 2024.

A Precise and Analytical Ranking

Our annual study analyzes the 50 US states based on 128 different indicators, divided into 10 key categories of competitiveness. These States are evaluated using a panel of criteria frequently put forward by the States themselves in their economic development arguments.

Rigorous Selection Criteria

To establish these rankings, we developed our criteria and metrics in collaboration with a variety of business and public policy experts. This rigorous process ensures maximum impartiality and accuracy. Unlike a simple opinion poll, our study is based on tangible data from multiple reliable sources.

Key Competitiveness Categories

The categories on which states are rated include:

• Local economy
• Cost of living
• Infrastructure
• Business environment
• Access to capital
• Tax policy
• Health and quality of life
• Education
• Innovation and technology
• Work and labor

A Transparent and Quantifiable Ranking

Each state can get a maximum of 2,500 points based on its performance in the different categories. The states with the highest scores naturally position themselves as the more profitable for businesses in 2024.

States at the top of the ranking

At the top of the ranking, we find states that have been able to combine a dynamic economy, quality infrastructure and a business environment conducive to growth. Here are the states that stand out in 2024:

• Texas
• California
• Florida
• new York
• Illinois

Why These States Stand Out

These states offer a comprehensive set of benefits that attract businesses, such as easy access to capital, a skilled workforce, and favorable tax policies. For example, the Texas presents a very attractive tax environment, while the California excels in innovation and technology.