It Turns Out Mai Tais And Palm Trees Are Great For Happiness, Terrible For Doing Business

In CNBC’s annual America’s Top States for Business poll this year, states were measured in part on their quality of life. South Dakota, ranked number one for business climate, was also named number seven in terms of happiness and health. This is due to its relatively low crime rate, generally accessible health care, a clean environment and the availability of local attractions like Mount Rushmore (though that’s about all you’ll find in South Dakota. Not exactly a thrilling metropolis). However, happy citizens don’t necessarily create the best business climates. Hawaii was ranked the worst state in America for business, yet it has the highest quality of life. Hawaii’s low rates of cancer and heart disease, coupled with its vast availability of health insurance, make it a pleasure to live in, but its high individual income taxes prove challenging for businesses. Who knew that a five Mai Tai lunch didn’t create a great business atmosphere?