Utah ranks No. 5 in CNBC’s “America’s Top States for Business,” released  last Thursday morning. In this comprehensive study,  Utah earned 1,393 out of a possible 2,500 points. Rankings are based on publicly available data that includes 40 different measures of competitiveness.

Utah also made the top 10 in the categories of cost of doing business (seventh), work force (ninth), quality of life (seventh) and business friendliness (seventh). Its economy was 14th, but that was a big drop from the previous year’s third-place spot.

Top-place honors went to Virginia, followed by Texas, Colorado and Iowa.

This is the third straight time that Utah has made the top 5, but it dropped two spots from the No. 3 spot it has held for the past two years.

The education category has typically been a low mark, but Utah moved up from No. 46 to No. 29 over the past year in that ranking.

States receive points in each metric, which are then separated into 10 broad categories: cost of doing business ( Utah got 308 out of 450), work force (234/350), quality of life (238/350), economy (144/314), transportation and infrastructure (86/300, and Utah’s worst ranking at No. 34), technology and innovation (119/250), education (81/175), business friendliness (140/175), access to capital (28/50) and cost of living (15/25).