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CEOs RANK TEXAS BEST STATE FOR DOING BUSINESS

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By: Phil Sneed

Texas has been ranked the best state to do business for the eighth year in a row, according to Chief Executive magazine’s annual Best & Worst States Survey.

Florida rose to the No. 2 rank, while North Carolina fell to third. Tennessee held steady at the No. 4 slot, while Indiana rose to the fifth-place slot.

CEOs named California, New York, Illinois, Massachusetts and Michigan the worst states to do business.

For the 2012 survey, 650 CEOs from across the country evaluated each state based on regulations, tax policies, workforce quality, educational resources, quality of living and infrastructure.

“CEOs tell us that California seems to be doing everything possible to drive business from the state. Texas, by contrast, has been welcoming companies and entrepreneurs, particularly in the high-tech arena,” says J.P. Donlon, editor-in-chief of Chief Executive magazine and ChiefExecutive.net. “Local economic development corporations, as well as the state Texas Enterprise Fund, are providing attractive incentives. This, along with the relaxed regulatory environment and supportive State Department of Commerce adds up to a favorable climate for business.”

The Travis County Commissioners Court gave final approval to an economic development agreement with Apple Inc. Tuesday. The computer and electronics giant will build a $304 million campus and add 3,600 jobs to the area.

Top 10 states are as follows:

1.  Texas

2.  North Carolina

3.  Florida

4.  Tennessee

5.  Georgia

6.  Indiana

7.  Virginia

8.  S. Carolina

9.  Utah

10. Nevada

Source:   Austin Business Journal, May 2012