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Anne Erickson

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(Photo by Chris Hondros/Getty Images)

How does Michigan rank when it comes to being a great state to do business?

The folks at CNBC looked at all 50 states and ranked them on 85 metrics in 10 categories of competitiveness to determine just that.

“Each category is weighted based on how frequently states use them as a selling point in economic development marketing materials,” CNBC states.

“Our study is not an opinion survey,” they added. “We use data from a variety of sources to measure the states’ performance. Under our methodology, states can earn a maximum of 2,500 points. The states with the most are America’s Top States for Business.”

So, where does Michigan rank? Pretty well!

Michigan is the No. 11 best state to do business in, according to the study. Nice!

Here’s the top 10:

1. Virginia
2. North Carolina
3. Utah
4. Texas
5. Tennessee
6. Georgia
7. Minnesota
8. Colorado
9. Washington
10. Ohio

Here’s the full study.

Large Businesses Based in Michigan:

Anne Erickson's love for music drew her into radio, and she started shortly after graduating from MSU. She has a passion for rock and metal, plus local music. She also fronts the band Upon Wings. Email Anne at erickson@WRIF.com and tweet at her @AnneErickson!