Chief Executive Magazine has released the results of its annual CEO survey ranking the best and worst states for business development and job growth. Who tops the list? The great state of Texas, of course, for the sixth consecutive year!
The survey was conducted among 651 CEOs who were asked to rank each state and the District of Columbia with consideration of three categories: living environment, quality of workforce, and taxation and regulation. Participants then evaluated each state based on five subcategories individually ranked by importance.
Texas scored high in all categories considered most important by participating CEOs, who referenced the state’s tax credits and business incentives as motivation for business to move to (or expand in) Texas.
In a recent press release, Governor Rick Perry commented, “Texas continues to be a model for the nation as the best state to live and do business…This top ranking by Chief Executive Magazine proves that our low taxes, reasonable and predictable regulatory climate and skilled workforce have not gone unnoticed.”
North Carolina, Tennessee, Virginia, and Nevada rounded out the top five of best states for business. New York and California were ranked second-to-last and last, respectively, as the worst states for business. Both states have held the same ranking for the last five years.
Sources:
http://www.chiefexecutive.net/Media/BestAndWorstStates/2010/CEStateRanks.aspx
http://governor.state.tx.us/news/press-release/14581/
by Jami Taylor
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