August 17, 2007
Mass. third most expensive state for business
By Matthew L. Brown
According to the Milken Institute, Massachusetts, along with Hawaii and New York, are the top three most expensive states in which to do business.
Hawaii has been the most expensive state for two years running, and has business costs that are 43 percent higher than the national average, the institute said. Second-place New York's costs are 30 percent higher, and third-place Massachusetts has costs that are 25 percent greater than the U.S. overall. California is fourth, with costs more than 24 percent greater, and Connecticut is fifth, with costs greater than 22 percent.
Hawaii has been the most expensive state for two years running, and has business costs that are 43 percent higher than the national average, the institute said. Second-place New York's costs are 30 percent higher, and third-place Massachusetts has costs that are 25 percent greater than the U.S. overall. California is fourth, with costs more than 24 percent greater, and Connecticut is fifth, with costs greater than 22 percent.
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