Texas has ranked as the No. 1 state for business yet again, a new report says.
Texas took the top spot overall in CNBC’s America’s Top States for Business 2012, a recognition it also received in 2010 and 2008. The Lone Star State has never finished below second place since the study began in 2007, according to CNBC.
In the sixth annual report, Texas also ranked in the top five for many of the 10 categories of competitiveness, including the cost of living, economy, technology & innovation and infrastructure & transportation areas.
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However, Texas ranks No. 26 in education, No. 28 in cost of doing business and No. 35 in quality of life.
The No. 2 state overall is Utah, while Virginia — which has ranked No. 1 or No. 2 for the past five years — fell to No. 3. The rest of the top five overall are North Carolina and North Dakota.
The bottom five states are No. 50 Rhode Island, No. 49 Hawaii, No. 48 West Virginia, No. 47 Alaska and No. 46 Mississippi.