Colorado moved up five spots in Chief Executive magazine’s 2015 ranking of the Best & Worst States for Business.
The magazine surveyed 511 CEOs across the nation and ranked states based on taxes and regulations, quality of the workforce, and living environment that takes into account cost of living, crime rates and education quality.
“The results of our 11th annual survey clearly show that CEOs favor states that foster growth through progressive business development programs, low taxes and a quality living,” according to the magazine’s report.
Texas and Florida maintained their rankings of No. 1 and No. 2, respectively, from 2014, while California held on to last place for the second consecutive year.
Here’s a look at the top 20 states for business, according to Chief Executive magazine:
Top 20 Best States for Business
Owner and Founder
RE/MAX of Boulder