(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. She started on the airwaves shortly after graduating from MSU. Anne has a passion for rock and metal, and she also fronts the band Upon Wings. Email Anne at erickson@WRIF.com, follow her on Instagram at @EricksonAnne and tweet at her @AnneErickson! Anne covers the Detroit, Philadelphia and Las Vegas markets and beyond.

Sign me up for the 101 WRIF Cybercrew email newsletter!

Join the 101 WRIF Cybercrew to get everything that rocks sent right to your inbox from The Riff! You’ll get updates on concerts and your favorite bands, along with exclusive chances to win. Plus news and stories from all around metro Detroit!

By clicking "Subscribe" I agree to the website's terms of Service and Privacy Policy. I understand I can unsubscribe at any time.