Utah moved up six spots to finish second in CNBC's sixth annual study, "America's Top States for Business,” thanks to high rankings in the categories of workforce, transportation and the cost of doing business.

The top state, as well as the complete rankings, will be revealed by study creator Scott Cohn on "Closing Bell" at approximately 4:30 p.m. EDT, as part of the network’s day-long countdown of the top five states in its exclusive and influential study.

The other states to make the top five are:Virginia, No. 3; North Carolina, No. 4; andNorth Dakota,No. 5.

Utah, which made the top five in 2009, 2008 and 2007, easily outscored Virginia for the No. 2 spot this year, but its point total was well below the winner.

Thus far, the biggest surprises are Utah and North Dakota, which tied for 13th in 2011.

How We Score

This year's rankings are based on the same 10 categories as years past, but the 51 criteria have been tweaked to reflect changes in the ways the states market themselves.

This year, at the suggestion of a number of state officials, we've added state credit ratings to the criteria, which are used to help score our Economy category.

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