Kansas ranked 10th on Forbes’ new “Best States for Business” list, up from last year’s rank of 15th.
The state scored particularly well for its regulatory environment and economic climate, finishing 11th and 13th, respectively, in those categories. Kansas also ranked 18th for labor supply, 23rd for business costs (such as labor and energy), 27th for quality of life and 30th for growth prospects.
Utah was No. 1 on the list this year, knocking Virginia, a longtime leader, down to second place.
The Forbes list compiles data from 10 sources, including Moody’s Economy.com, Pollina Corporate Real Estate and the U.S. Census Bureau.Today’s announcement marks the seventh time since May a major media outlet, business publication or survey has recognized Kansas for business excellence.