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No. 43, No. 45, No. 45, No. 43, No. 46, No. 43, No. 47, No. 47, No. 47 and No. 43. This series shows Connecticut’s ranking, in each of the past 10 years, in the cost-of-doing business category in CNBC’s Top States for Business study.

So, are businesses’ high expenses partly to blame for Connecticut having fewer jobs today than it did 16 years ago? That’s debatable.

In decisions about hiring and retention, Connecticut-based businesses have to take into account some of the highest tax rates in the country and numerous regulatory costs. But the emergence in recent years of many thriving startups — whose prospects have been boosted by engaged investors and nonprofits — shows that the cost of doing business is not an insurmountable obstacle to building an enterprise in Connecticut.

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