Survey: Texas remains best place to do business
Texas has been named the best state in which to do business for the 12th straight year by CEOs in a survey for Chief Executive magazine's annual Best & Worst States for Business.
The state ranked fifth in workforce quality, sixth in taxation and regulation and 10th in living environment. Neighboring Oklahoma ranks 18th, followed by Arkansas at 23rd, New Mexico at 32nd and Louisiana at 37th. Following Texas in the top five are Florida, North Carolina, Tennessee and Indiana.
"Texas officials understand that large and mid-market businesses are their highest-value customers," said Marshall Cooper, CEO of Chief Executive magazine. "The government and economic development leaders are committed to ensuring that those businesses have every opportunity to foster growth, and it shows."
The survey gauges the sentiment of CEOs on a variety of measures that they view as critical to their business growth, the release reads.
"Texas has its act together; their government workers go out of their way to assist businesses [to] comply and follow the laws," one CEO said. "The taxation and regulatory environment is business-friendly and allows a small-business owner to make ends meet without having to indenture your future and work 70 to 80 hours a week to make a living."