Texas Rated as #1 State for Business

posted by Newsradio 740 KTRH Staff - 

Texas is rated No. 1 In CNBC's 12th annual list of "America’s Top States for Business."

Texas topped the list by scoring1,651 out of 2,500 points.

Since the study was introduced in 2007, Texas has placed in the top five every year and is the only state to be a four-time winner.

This year, the state had top ten finishes in five of the 10 categories of competitiveness, including two number one spots. Texas added more than 350,000 jobs in the past year and had solid economic growth—including a 5.2% state GDP increase in the fourth quarter— putting the state in first place for the Economy category, up from number 25 last year. However, the state had some of the same weaknesses it had the last time it finished on top—taking the number 31 spot for Quality of Life and number 37 for education this year.

The rankings for all 50 states are available at topstates.cnbc.com. 

CNBC’s study ranked all 50 states based on their scores in 10 categories of competitiveness. This year’s study subjects the states to 64 metrics across those categories. The methodology rates the states based on the attributes that matter most to business. To do that, CNBC scores every state’s economic development marketing materials to see what they are pitching to businesses. The more frequently a selling point appears, the more weight it carries in the study.

America’s Top 5 States for Business:

1. Texas (Highest Rank - #1 in Infrastructure and Economy; Lowest Rank - #37 in Education)

2. Washington (Highest Rank - #2 in Workforce; Lowest Rank - #37 in Cost of Living)

3. Utah (Highest Rank - #2 in Economy; Lowest Rank - #34 in Education)

4. Virginia (Highest Rank - #3 in Workforce; Lowest Rank - #34 in Cost of Doing Business)

5. Colorado (Highest Rank - #5 in Workforce; Lowest Rank - #37 in Cost of Doing Business)

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