(FOX19) - Kentucky climbed up to Number 25 on Forbes' annual Best States for Business list.
The state is up by six places from last year and up by 19 places since 2008.
"I am pleased to see the Forbes' Best States for Business list reflect our efforts. Not only are we working hard to bring exciting new industries to the state, but we are also partnering with our existing business community like never before to create jobs for all Kentuckians," Governor Beshear said. "I am proud of these accomplishments and look forward to even more in the future."
Forbes' annual ranking takes a variety of factors into account, including business costs, growth prospects, labor supply, regulatory environment, current economic climate and quality of life measures.
Kentucky ranked Number 12 in the business cost category.