Texas was ranked the Best State for Business for the eighth year in a row by Chief Executive magazine's annual survey of CEOs. The survey asked 650 CEOs to rank the states based on a wide range of criteria, from taxation and regulation to workforce quality and living environment.
The survey gave Texas high marks in all areas important for business creation and highlighted the state's business-friendly tax and regulatory environment compared to other states. As one CEO noted, "The state attracts top-level talent across the income divisions. Laws and taxation are creating opportunities that benefit expansion and job growth."
Texas' economy continues to receive national recognition. The state added more new jobs over the past year than anywhere else in the country, with Texas' unemployment rate remaining more than a full point below the national average and continuing to decline. According to USA Today, Texas has moved past New York as the nation's second largest economy, and the Wall Street Journal has credited the state's low taxes and employer-friendly environment with helping make Texas the job creation capital of the nation. (5/21/2012)
To view the Chief Executive magazine survey, click here.