Texas has been named the ‘Best State for Business’ by Chief Executive magazine for a record-breaking 20th consecutive year.
The announcement was made in a press release by the Office of the Texas Governor on Wednesday. The ranking is determined by responses from leading business CEOs to an annual survey regarding assessments of each state’s business climate, workforce, and quality of life.
“Texas truly is the Best State for Business and stands as a model for the nation,” said Gov. Greg Abbott. “Freedom is a magnet, and Texas offers entrepreneurs and hardworking Texans the freedom to succeed. When choosing where to relocate or expand their businesses, more innovative industry leaders recognize the competitive advantages found only in Texas.
“The nation’s leading CEOs continually cite our pro-growth economic policies—with no corporate income tax and no personal income tax—along with our young, skilled, diverse, and growing workforce, easy access to global markets, robust infrastructure, and predictable business-friendly regulations. Our great state offers room for businesses of all sizes to grow and their employees to thrive as we build a bigger, better Texas for the next 20 years and beyond.”
The state has placed at the top of the list every year since Chief Executive magazine began the ranking.
Abbott took the opportunity in the press release to tout other “record-smashing economic milestones” for the state, including:
- Winning the Governor’s Cup in March for a record 12th year in a row for “attracting the most job-creating business relocation and expansion projects in the nation;”
- The Texas economy having grown faster than the nation as a whole for six quarters in a row;
- Texas adding the most jobs in the nation over the past 12 months — breaking all previous records for total Texas jobs, total Texans employed, and total Texas labor force.