Tuesday, May 16, 2017

CEOs love Texas: State retains top spot in ranking of best places for business

Texas has built up quite a reputation with CEOs around the nation who have ranked it the No. 1 state for business in Chief Executive magazine’s latest annual list of the Best & Worst States for Business.

It is the 13th consecutive year that Texas has secured the top honor. The new survey also ranks states in various individual categories, and Texas performed well in several. Texas took the top spot in five categories: technology, retail, energy, manufacturing and financial services. It ranked No. 2, trailing only Florida, in both health care and pharmaceuticals/medical products.
The Lone Star State ranked fourth, fifth and 13th in the categories of workforce quality, taxes and regulation, and living environment, respectively.

The rankings were based on chief executives' perceptions of states' business climates and took into account several key measures

Here are the top 10 best states, according to the Chief Executive survey:
  1. Texas
  2. Florida
  3. North Carolina
  4. South Carolina
  5. Indiana
  6. Nevada

And the bottom five states:
46. Connecticut
47. New Jersey
48. Illinois
49. New York
50. California

W. Scott Bailey/San Antonio Business Journal