Last year, the state was 11th on the list, which compares costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life.
No. 1 on the list for the second year in a row was Virgina; Rhode Island dropped into last place, with Michigan at No. 49. Wisconsin was No. 48.
The Journal says Minnesota was No. 32 in overall cost of doing business because of its labor and energy costs and taxes. It also scored low in economic climate, at No. 35. Those scores were balanced out with its high-quality-of-life rank, No. 6, and the quality of the labor force here, which was No. 10.