Washington named the best state in U.S. for second year in a row
KENNEWICK, Wash. — For the second consecutive year, the U.S. News and World Report named Washington state as the best state to live in. It became the first state to earn the top spot in the rankings for two years in a row.
The decision was based on a long list of criteria including economical advancement, progressive politics, low tax rates and technological ingenuity.
Technology plays a particularly large role in Washington’s place on this list. Being the homeplace of Amazon Inc., which recently surpassed Boeing as the state’s largest private employer, job opportunities related to the tech industry can be plentiful in Washington. Additionally, Seattle is home to major offices for many tech companies including two goliaths: Google and Facebook.
According to the report, Washington is tied for the best government credit rating score in the United States. It also ranks first for statewide broadband access and GDP (Gross domestic product) growth.
Governor Jay Inslee said the following about the state’s placement:
“I am so happy for the people of Washington to take home this honor again. It takes all 7.6 million of us to make this state the dynamic place it truly is. Washingtonians are motivated to lead and innovate in all aspects of our society, in labor, business, education, health, and so much more,” Gov. Jay Inslee said. “It was that same spirit that helped us bounce back from being the first state in the nation hit by COVID-19, and we are on our way to a robust recovery because of our unique attributes.”
Nearly 200 Washington businesses received venture capital funding in 2020, which ranked fifth amongst all states per the U.S. News and World Report’s data. Much of the wealth generated in Washington is re-invested back into the community through new investment opportunities, philanthropy and general day-to-day interactions.
Beyond simply creating the business and moving money around, many businesses in Washington are doing so ethically by providing opportunities for a diverse community to thrive. With more innovative minds from various backgrounds, Washington businesses are more likely to thrive on a national scale.
Having no state income tax certainly plays a factor as well, affording financial flexibility to many Washingtonians.
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