Texas continues its winning ways as a place to do business. The Lone Star State tops Chief Executive magazine’s annual survey of more than 550 CEOs on the best and worst states for business.
It’s the seventh time in the seven years that the magazine has conducted the survey that Texas has taken the top spot. The CEOs are asked to make their rankings based on consideration of factors such as taxation and regulation, workforce quality and living environment.
Texas received high marks in areas important for business creation, including the state’s low tax burden and job creation rates compared to other states. Additionally, the study credited the state’s predictable policies and regulations, positive attitude toward business and Texans’ strong work ethic with helping the state hold the top ranking since 2005.
Rounding out the top five: North Carolina, Florida, Tennessee and Georgia. New York and California ranked 49th and 50th on the list.
For more on Texas’ reputation as the best state for business, go the Texas Wide Open for Business website.