CNBC revealed the results of its sixth annual America's Top States for Business Study.
Coming in at number one was Texas, followed by Utah, Virginia, North Carolina and North Dakota.
Indiana ranked 14th, Illinois was 26th and Kentucky tied with New Mexico for 36th place.
The categories considered in the study included cost of doing business, cost of living as well as transportation and infrastructure.
To take a look at the entire list, click here.
CNBC also launched "CNBC Top States Twitter Battle," where governors of all 50 states were asked to submit a video explaining why their respective state should be considered.
Click here if you want to watch Governor Mitch Daniels make a case for Indiana.