Texas was ranked 4th in Forbes’ annual Best State for Business List, up two spots from last year. The state placed within the top eight for economic climate, business costs, labor supply, and growth prospects. Although Utah, North Carolina, and Nebraska took the first, second, and third place in the overall rankings, respectively, in terms of GDP the state of Texas by far surpassed them all with a $1.6 trillion GDP. The only other states with a GDP numbering in the trillions are New York, who was ranked No. 24, and California who came in at No. 30 overall.