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State climbs in Forbes business ranking

Published October 06. 2013 4:00AM

Connecticut jumped six places in the latest Forbes magazine ranking of the best states to do business.

Moving up from No. 39 last year to 33rd this year among the states, Connecticut saw a ranking boost from better growth prospects, a relatively good labor supply and improved quality of life. The regulatory environment and economic climate represented a drag on the state, however.

The state's business costs also weighed on the ranking, since Connecticut is 47th in that category. But it also had a No. 2 ranking in quality of life, measured by such yardsticks as crime rate, health statistics and education.

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