America's top states for business 2012: Utah is no. 2

Published: Wednesday, July 11 2012 2:59 p.m. MDT

Our take: With ten categories used to create a ranked list of America's top states for business, including: Quality of LIfe, Education, Business Friendliness and others, it's no wonder Utah came in second, after Texas.

We scored all 50 states on 51 measures of competitiveness developed with input from business groups including the National Association of Manufacturers and the Council on Competitiveness. States received points based on their rankings in each metric.

Then, we separated those metrics into ten broad categories, weighting the categories based on how frequently they are cited in state economic development marketing materials. That way, our study ranks the states based on the criteria they use to sell themselves.

Read more about Business in America on CNBC.

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