Every year, CNBC ranks all 50 states to determine those that are the top destinations for businesses, using “more than 60 measures of competitiveness, developed with input from a broad and diverse array of business and policy experts, official government sources, the CNBC Global CFO Council, YPO and the states themselves.” In order to achieve balanced results, points are awarded to states from ten overarching categories and are weighted depending on how frequently they are used as selling points for economic development.

The 2018 statistics are in and according to the report, Washington state is the second-best U.S. state for business—behind only Texas—ranking high for its workforce, economy, quality of life and of course, technology.

Washington state took the second spot overall—behind only Texas—ranking second in workforce, 31st in infrastructure, 33rd in the cost of doing business, fourth for its economy, fifth in quality of life and sixth for technology.

For more on the top states for U.S. business, read all of CNBC’s coverage here >>

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