Whether the economy is going strong or just plugging along, as it is now, Colorado remains a good places to do business.
CNBC recently ranked Colorado No. 5 on the America's Top State for Business in 2011 list.
The fifth-annual study measures all 50 states on 43 different metrics in 10 key categories of competitiveness. CNBC then weights those categories based on how frequently the states use them as selling points to attract business to hold the states to their own standards and tell the public how they measure up.
Virginia, with 1,550 out of 2,500 points, took the top slot last year and Texas, with 1,578 points, dropped from first last year to second this year – a pattern of swapping between the two states that has repeated itself often in recent years.
This year's categories and weightings, for a total of 2,500 points, are:
Cost of Doing Business (350 points)
Workforce (350 points)
Quality of Life (350 points)
Infrastructure & Transportation(325 points)
Economy (300 points)
Education (225 points)
Technology & Innovation (225 points)
Business Friendliness (200 points)
Access to Capital (100 points)
Cost of Living (50 points)
Colorado ranked highest for cost of living (33 points), then cost of business and education (30 points each), and then for infrastructure/transportation and economy (26 points each).
Here's a look at the top 10 states to do business in America: