CNBC ranks Utah as 8th best for business

by | Jul. 15, 2010

News from Utah

CNBC has ranked Utah as the eighth-best state for business in America.

Texas topped the list, which was based on such factors as cost of living, work force, business friendliness, access to capital, transportation and infrastructure, technology and innovation, education, economy, quality of life and the cost of doing business.

The ranking used a point system that totaled 2,500 points. The cost of doing business was the most important factor, with 450 points, as were quality of life and work force, which each had a total of 350 points.

Texas regained the top spot from last year's winner, Virginia, which ranked second this year. Those two states have been moving back and forth from first to second place since CNBC's first list was released in 2007.

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