Alabama is the nation's most improved state for business in 2024, according to CNBC.
The outlet's America's Top States for Business study listed gains in college-educated workers, site development funding, and workforce improvements.
According to the study, Alabama ranked 14th in net migration of college-educated workers. Alabama finished in last place the year before in that category. The improvement was a "big reason" why Alabama is the Most Improved State in CNBC's annual competitiveness study, America's Top States for Business, in 2024.
Alabama improved 22 places to finish No. 20 overall in the CNBC rankings due in large part to a 20-place jump in the state's workforce rank. It is now tied for 24th place with New Hampshire and Wisconsin.
Under the study's methodology, the workforce category accounts for 15% of a state's total score, with metrics including the Census Bureau figures on migration, as well as a talent attraction index developed for CNBC by workforce data firm Lightcast, in which Alabama also ranks No. 14.
Alabama's infrastructure ranking in the study also improved from 13th to eighth, mainly due to its state funding for shovel-ready sites.
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