Massachusetts Continues to Rise in Top States for Business Ranking

Massachusetts Continues to Rise in Top States for Business Ranking 

Massachusetts jumped 23 spots over past two years in CNBC ranking; ranked highest of New England states and #1 for education 

BOSTON – Massachusetts continues its rapid rise in CNBC’s annual America’s Top States for Business ranking, gaining 23 spots over the past two years and coming in as the #1 state for education nationwide and #1 state for business in New England. Massachusetts also ranked in the top ten states nationwide for technology and innovation, access to capital and quality of life. This comes after Massachusetts was  

named the Most Improved State for Business last year, jumping 18 places. 

 

“Massachusetts continues to be a great place to live and do business with the best education system in the country, but we know that there is more work to do,” said Governor Maura Healey. “We’re going to keep working every day to lower costs like housing and health care, create good jobs, make it easier for businesses to start and grow here, make sure every child is getting an excellent education, and grow our global leadership in the innovation economy.” 

 

“Massachusetts continues to demonstrate why it is one of the best places in the world to start and grow a business,” said Economic Development Secretary Eric Paley. “From the nation's top-ranked education system and our unmatched talent to our leadership in industries like life sciences, robotics, AI, and advanced manufacturing, we're building an economy that attracts investment, creates jobs, and strengthens our competitiveness.” 

Since taking office, Governor Healey has prioritized lowering costs, growing Massachusetts’ competitiveness and making the state a great place to do business. Massachusetts has added 17,600 jobs since September, outpacing the nation, and led the country in GDP growth last year. 

 

To lower the cost of housing, Governor Healey has made it easier to build homes, with 100,000 new homes in the pipeline. She increased downpayment assistance for first-time homebuyers and eliminated renter’s fees. To lower the cost of health care, she capped co-pays and deductibles for the first time in state history, eliminated prior authorizations from insurance companies and expanded affordable health insurance coverage. To lower the cost of energy, she is opposing rate hikes from the utilities, getting charges off of bills and bringing in more American-made energy supply.  

 

Massachusetts continues to build on this economic momentum through strong job growth, industry-leading innovation, and sustained business investment across the state. With leadership in sectors such as health care, life sciences, advanced manufacturing, climatetech, robotics, quantum computing and applied artificial intelligence, Massachusetts continues to attract investment and create jobs.   

  

Recent business expansions underscore this strength, including major investments and job growth from companies such as Boston Dynamics, JPMorganChase, Procter & Gamble’s Gillette, GE Aerospace, VulcanForms, GSK, AstraZeneca, WHOOP, and leading AI firms establishing a presence in the state. Together, these investments reinforce Massachusetts’ position as a global hub for innovation, talent and economic opportunity. 

 

Earlier this year, Governor Healey filed her Mass Wins Act, an economic development bill that positions Massachusetts as a global destination for companies looking to invest, grow and create jobs in the United States, while strengthening the state’s competitiveness and lowering costs for businesses. The Healey-Driscoll Administration also recently provided $52 million in state tax credits to 11 businesses to create 2,793 net new jobs, retain 1,503 existing jobs statewide, and leverage more than $1.4 billion in private investment. 

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