Rhode Island has often fallen to last place and can now add being the “Bottom State for Business” in CNBC’s 10th annual rankings to the list.

On Tuesday night CNBC released its annual study ranking all 50 states on business, analyzing more than 60 “measure of competitiveness” with information gathered from business and policy experts, government sources, the state and the CNBC Global CFO Council.

Each state was ranked on 10 overall categories affecting the business climate: workforce, the cost of business, infrastructure, economy, quality of life, technology and innovation, education, business friendliness, cost of living, and access to capital. States were eligible for a set amount of points per category and received a rank based on their scores and Rhode Island was left at the bottom of the list, for the fourth time in 10 years. Since the ratings began in 2007 Rhode Island has never been ranked higher than 48th.

In comparison, Rhode Island’s neighbors, Massachusetts and Connecticut, were ranked 20th and 43rd, respectively.

Although Governor Gina Raimondo was unavailable for comment on the subject, she did submit an op-ed that was published by CNBC as well, assuring that the state is on the verge of making a turn around.

Throughout the piece, Raimondo lists various new initiatives that will help inevitably improve the business climate of Rhode Island. She noted that the state was hit “harder” than most by the decline in manufacturing, losing thousands of jobs without transitioning ourselves into growing industries.

“As a result, we developed an unfortunate reputation as a bad place for business. But because of recent bold moves from our leaders, that’s changing,” Raimondo wrote. “We’re continually improving our business climate.”

In the major categories, Rhode Island also ranked last in our infrastructure, something we are well aware of. However, Raimondo as well as Scott Cohn, special correspondent for CNBC who authors the annual rankings, noted Rhode Island’s infrastructure improvement plan, RhodeWorks, with plans to improve the roads and bridges of the state.

Each category had a different amount of points allotted to it and infrastructure, with 300 points, was one of the heftier categories.

In a phone call with Marie Aberger Tuesday afternoon, the governor’s spokeswoman said studies such as CNBC’s show why RhodeWorks is such an important initiative. Without improved roads and bridges that state is going to be hard pressed to “move up the ladder.”

“Rankings look back at what was. The governor is looking ahead at investments to strengthen RI’s economy. We know we have the worst infrastructure in the country. That’s why we took action to fix it,” Aberger wrote in another email.

Cohn wrote “America’s worst state for business in 2016 takes aim at talent drain,” in which he writes, “Indeed, some of her initiatives take direct aim at the very issues that make Rhode Island this year’s bottom state and which have hurt the state year after year. These include financial woes, crumbling infrastructure and a talent drain.”

For instance, Rhode Island was ranked 23rd in the Workforce category, but Cohn said if the state wasn’t losing hundred of new college graduates annually to other states. The state is attempting to combat the “brain drain,” as its often referenced, with a Wave Maker Fellowship, which will help to repay student loans for students from Rhode Island institutions in STEAM industries that stay or relocate to the state.

Rhode Island’s best category was in education, where the state ranked 20th, but there are several initiative, such as Prepare RI, allowing more high school students to earn college credits for free, and a new partnership with Microsoft to improve computer science throughout kindergarten to 12th grade.

Cohn wrote, “To hear the governor tell it, Rhode Island is just a few years away from becoming a little business powerhouse,” but cautioned this wasn’t the first time a Rhode Island Governor made promises of economic turnaround.

Raimondo admitted in her op-ed that there is a ways to go, but progress was being made.

“Unlike other states avoiding tough decisions, we’ve shown we can work together, put aside the politics of procrastination and tackle the biggest issues,” Raimondo wrote, “the world is noticing that Rhode Island is open for business.”

For more information or to read the entire CNBC report visit www.cnbc.com/2016/07/12/americas-worst-state-for-business-in-2016-takes-aim-at-talent-drain.html. To read a full version of Governor Raimondo’s op-ed, look to our opinion page.