According to a Forbes listing, Georgia is the 11th best state in the country for business. The state is down from 8th last year.

To make its list, Forbes measures costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life.

The top ranked states didn`t change from last year. The magazine ranked Utah No. 1, Virginia No. 2, and North Carolina No. 3. North Dakota soared from No. 11 in 2010 to No. 4 this year.