Sioux Falls has been named the 2017 best small city for business and careers by Forbes magazine.

The publication ranked the city ahead of Lafayette, Ind., and College Station, Texas, in the top three.

Rankings are based on 14 factors related to job growth (past and projected), costs (business and living), income and economic growth, quality of life and the education of the workforce. Forbes also factored in laws that protect people from employment discrimination based on sexual or gender identity.

“Sioux Falls has transformed itself from an agriculture-based economy to one centered around health care and financial services,” it wrote, adding the city has benefited as South Dakota became the top state for bank assets in the country.

Forbes has ranked cities based on their strength for business and careers for 19 years. Sioux Falls took the top spot eight years in a row several years ago.

To read the report, click here.