Once again, Texas came out on top of CNBC’s annual ranking of the best states for business. Since CNBC first started its study in 2007, the Lone Star State has always filled the list’s No. 1 or No. 2 spots.
The study measures a state’s success regarding business based on the following categories:
- Cost of Doing Business
- Quality of Life
- Infrastructure & Transportation
- Technology & Innovation
- Business Friendliness
- Access to Capital
- Cost of Living
Texas, which has started to pull through from the substantial budget crisis it faced last year, scored exceptionally well in the infrastructure, technology and innovation, and cost of living categories.
Here are the top ten states on CNBC’s list.
4. North Carolina
5. North Dakota
7. South Dakota
Which states aren’t so great for businesses? Here are the states that bottomed the list.
50. Rhode Island
48. West Virginia
41. New Jersey
The complete list of rankings can be found at CNBC.com.