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The best states for business in 2012

A general view of the skyline of downtown Dallas, Texas.

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CNBC has come out with its annual ranking of the best states for business.

And number one this year is Texas, thanks in part to the state's infrastructure and low cost of living.

Last year's top state was Virginia, which lost its ranking in part because of its clogged highways, which make it difficult for
people to get to work quickly.

California and Massachusetts tied as the best states for a business to access capital.

And even though it was only ranked 19th overall, New Hampshire was number one on the quality of life list.

2012 Best States to Do Business

1. Texas

2. Utah

3. Virginia

4. North Carolina

5. North Dakota

6. Nebraska

7. South Dakota

8. Colorado

9. Georgia

10. Wyoming

To see a full list of the best states for business overall, as well as the rankings broken down by access to capital, business friendliness, workforce, and more, head here.

About the author

Jeremy Hobson is host of Marketplace Morning Report, where he looks at business news from a global perspective to prepare listeners for the day ahead.
blcjr's picture
blcjr - Jul 13, 2012

Our governor has single-handedly given the business world the gift of this title. He has made it possible for business to operate at discounts other states won't tolerate. Now the education system in Texas is in the bottom 5 in the nation, the Highway Department is now and has been in the red since Rick Perry's election and the state infrastructure is in decline. Business comes to Texas because they get a good deal from our state government on their taxes at the expense of the citizens of our state. Great for business but not for the citizens.