NEW: Rhode Island Named #49 State For Business--Forbes

NEW: Rhode Island Named #49 State For Business--Forbes

Rhode Island has been named #49 in the country when it comes to doing business in a new ranking from Forbes Magazine. The 2012 Best Places To Do Business Ranking from the popular financial magazine named Utah the #1 state.

Forbes assesses each state on 35 data points that represent "six vital factors for businesses: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life." Business costs, which include labor, energy and taxes, are weighted the most heavily. For more on Forbes' methodology, go here.

How did the rest of New England's states do? See the slides for more.

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