Best States for Business. Texas Ranks #1.
The Texas Lobby Group has published a story, originally from CNBC.com, that lists the state of Texas as the Best State for businesses in the United States. Since this yearly study began in 2007, Texas has never ranked lower than #2.
The article quotes Rick Perry from the 2011 Republican Primaries, when he noted correctly that there has to be a reason that businesses are moving to Texas.
CNBC recently completed its annual study of the best states for business. Texas has ended up at the top of the list for the third time.
Texas scored 1,604 points out of a possible 2,500 with top ten finishes in 6 of the categories. It is important to note that Texas has never scored lower than second place since the study began in 2007.
States are scored based on the ways they try to sell themselves. CNBC also used 51 measurements with the help of the National Association of Manufacturers and the Council on Competitiveness.
What made this year’s study so fascinating is that it comes in the context of a national economy that has suffered and is slowly recovering. Many states are improving their financial situation for the first time in years due to austerity measures put in place during our recent recession.