Texas reigns as the top state for business for the second year in a row.
On Friday, Gov. Greg Abbott said the state was again named the Top Business Climate in America by Site Selection magazine. Texas also came in at number one in a survey of corporate real estate executives and site selectors, one of the key data points in Site Selection's annual Top Business Climate index.
“As the eighth largest economy in the world, Texas is the No. 1 destination for businesses to come here, succeed here, and create more good-paying jobs here for hardworking Texans," said Gov. Abbott. "Texas offers advantages no other state can claim: a business-friendly climate-with no corporate or personal income tax-along with a highly skilled, diverse, and growing workforce, easy access to global markets, robust infrastructure, and a reasonable regulatory environment that allows innovative businesses and entrepreneurs to thrive."
Other contributing factors to Texas receiving the top ranking include the number of job-creating relocation and expansion projects in the state and the investments in workforce development and infrastructure. Texas also won Site Selection magazine’s Governor’s Cup for a 12th consecutive time for being the nation’s top-performing state for job-creating business relocations and expansions.
"I thank Site Selection magazine for again recognizing Texas as the nation’s leader, and I congratulate the economic development professionals in communities across this great state for their work to keep Texas the economic envy of America. With the Top Business Climate in the nation and the strongest workforce in America, we continue to build a bigger, better Texas for all," Gov. Abbott said.