RI Ranked 49th Worst State For Business - ABC6 - Providence, RI and New Bedford, MA News, Weather

RI Ranked 49th Worst State For Business

By: ABC6 News Staff

Forbes Magazine ranks Rhode Island as the second worst state in the country to do business. That's down one spot from 2011. Forbes says draw backs include a high unemployment rate and a lousy regulatory climate. The Governor and local businesses are weighing in on the ranking.

"I just don't agree. This is a great place to do business, great place to raise a family , great place to live," Governor Lincoln Chafee tells ABC6. "We'll stack up against any state."

"For me it's like, well I know things are bad, but I'm okay. So, it's like the bullets are flying around but I haven't been hit yet," said Don Beohner, owner of Copacetic Jewelers in Providence.

The only state worse off fro business than Rhode Island is Maine which came in at 50.