TEXAS (CNBC) – Texas has reclaimed the top spot from Virginia as CNBC’s number one state for business.

The news source's study measures states on 40 different metrics in ten key categories including cost of doing business, workforce, quality of life, economy, transportation and infrastructure, and technology and innovation. 

According to government figures, the Texas economy is the 15th largest in the world in addition to being home to 64 Fortune 500 companies — more than any other state.

Although the state ranked high overall, it did fall short in the "cost of doing business" category, where it came in at number 30.