Utah named 3rd best state for business in 2018

Utah has been named the third best state for business in 2018 by CNBC, right behind Texas and Washington. (Photo: KUTV)

(KUTV) - Utah has been named the third best state for business in 2018 by CNBC, right behind Texas and Washington.

The state got its high ranking for its outstanding economy with A+ grade.

Utah also received solid grading in the following categories: Quality of life, cost of doing business, infrastructure, workforce and business friendliness.

Despite its flourishing economy, Utah fumbles on education by underfunding schools; thus receiving a D+ grade.

These grades and scores were tallied based on more than 60 measures of competitiveness and developed with input from a broad and diverse array of business and policy experts, official government sources, the CNBC Global CFO Council, YPO and the states themselves.

Here is the list of the best states for business 1-50:

  1. Texas
  2. Washington
  3. Utah
  4. Virginia
  5. Colorado
  6. Minnesota
  7. Georgia
  8. Massachusetts
  9. North Carolina
  10. Florida
  11. Idaho
  12. Michigan
  13. Tennesse
  14. Nebraska
  15. Ohio
  16. Indiana
  17. Wisconsin
  18. Iowa
  19. Oregon
  20. Arizona
  21. South Dakota
  22. Pennsylvania
  23. Missouri
  24. New Hampshire
  25. California
  26. Wyoming
  27. New York
  28. Illinois
  29. North Dakota
  30. South Carolina
  31. Maryland
  32. Vermont
  33. Nevada
  34. Montana
  35. Kansas
  36. New Jersey
  37. Connecticut
  38. Delaware
  39. Oklahoma
  40. Arkansas
  41. Alabama
  42. Kentucky
  43. New Mexico
  44. Louisiana
  45. Maine
  46. Rhode Island
  47. Hawaii
  48. West Virginia
  49. Mississippi
  50. Alaska
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