New Jersey Slips to 31st in CNBC Business Rankings

The annual study, now in its 20th year, evaluates all 50 states using 138 metrics across 10 categories that companies consider when deciding where to locate or expand, including infrastructure, economy, workforce, education, business friendliness, the cost of doing business and more. CNBC said infrastructure became the most heavily weighted category this year as companies increasingly prioritize transportation access, utilities, energy availability and permitting when they select locations for investment.