Colorado ranks No. 8 on Forbes' 13th annual ranking of the best states for doing business in 2018, holding its spot in the top 10 from last year.

In Forbes’ latest installment, states were scored on business costs, labor supply, regulatory environment, economic climate, growth prospects, quality of life and population.

Colorado ranked No. 1 for labor supply and No. 2 for economic climate, but ranked No. 40 for cost of doing business.

The Centennial State also ranked in the top 10 for growth prospects, coming in at No. 7. It ranked in the middle of the pack for regulatory environment and quality of life, coming in at No. 21 for both.

Read more at the Denver Business Journal: