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» more from America's Top States For Business 2012

8. Colorado

2011 Ranking: 14
2010 Ranking: 12

Colorado made its way into the top ten this year, thanks to an increase in the number of scientific research grants it received.

The state, home to Qwest Communication, also ranked as one of the top states for high-tech business formation. However, Colorado ranked near the middle range for number of medical research grants and for connectivity.

Photo: Walter Bibikow | AWL Images | Getty Images