New Jersey’s standing among its peers as a good place to do business took a hit earlier this summer when business-news network CNBC issued the latest installment of its “America’s Top States for Business” rankings.

After holding steady in the middle of the pack last year, New Jersey slipped to 42nd in CNBC’s 2022 analysis, which graded states across 10 different categories, including economy, infrastructure and cost of doing business.

It isn’t just CNBC that has been giving New Jersey poor grades when it comes to business friendliness. Other groups, including the Washington, D.C.-based Tax Foundation, have also put New Jersey at or near the very bottom in their own rankings, citing things like high taxes as key concerns. Read More from NJ Spotlight News.