Arkansas Climbs to 12th Best State for Doing Business in 2024

Arkansas Climbs to 12th Best State for Doing Business in 2024

Arkansas continues to enhance its business-friendly reputation, according to Area Development’s 2024 Top States for Doing Business survey. This year, Arkansas ranks as the 12th best state for doing business, up from 18th place in 2023. The state also earned an impressive 8th place ranking for overall cost of doing business, reflecting its affordability and strong support for companies looking to grow and thrive.

These improvements come as a result of strategic investments in infrastructure, workforce development, and pro-business policies that foster a welcoming environment for both new and established businesses. Arkansas’ rise in the rankings underscores the state’s commitment to economic growth and competitiveness in key industries.

The Area Development survey is a well-regarded analysis that evaluates states based on factors like business costs, labor market, infrastructure, and regulatory environment. Arkansas’ continued progress in these areas positions it as an attractive destination for business leaders and investors nationwide.

For more details on the 2024 rankings, view the full Area Development report here.