Forbes just released their list of “The Best States For Business and Careers”. North Carolina rose up from No. 5 in 2009 to No. 3 this year, beating out No. 4 Colorado and fifth-ranked Washington (down from No. 2 in 2009). The former No. 1-ranked state, Virginia, falls to No. 2 this year, with Utah taking the top spot at No. 1.
Forbes “Best States” ranking measures six vital categories for businesses: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life. They also factor in 33 points of data to determine the ranks in the six main areas. Business costs, which include labor, energy and taxes, are weighted the most heavily.