Minnesota ranks sixth in "America's Top States for Business"

By KBJR News 1

Credit: MGN Online

Minnesota ranks sixth in "America's Top States for Business"

June 26, 2014 Updated Jun 26, 2014 at 3:07 PM CDT

St. Paul, MN (NNCNOW.com) - Minnesota ranked sixth in CNBC's eighth annual "America's Top States for Business," up from 15th place a year ago.

The ranking was based on 56 measures of competitiveness, input from business groups, economic development experts, companies and the states themselves.

Georgia topped the list in the study, followed by Texas, Utah, Nebraska and North Carolina.

"The CNBC study adds to the growing evidence that Minnesota is a great place to do business," said Commissioner Katie Clark Sieben of the Minnesota Department of Employment and Economic Development (DEED). "This study recognizes our strong business climate, which is driving job growth and corporate expansions statewide."

In the 10 broad categories, Minnesota ranked high in overall economy (fifth), infrastructure (fifth), quality of life (fourth), access to capital (11th), and technology and innovation (11th).

Among states that border Minnesota, North Dakota was 10th, South Dakota was 11th, Iowa was 12th and Wisconsin was 17th.

DEED is the state's principal economic development agency, promoting business recruitment, expansion and retention, workforce development, international trade and community development.