Surveys proclaim Texas Nation’s Top Business Climate

Texas ranked as the nation’s # 1 business climate in three prominent surveys. They include: Site Selection magazine’s Business Climate Rankings, Area Development magazine’s Top States for Doing Business Survey and Development Counsellors International’s 2011 Winning Strategies Study.

A healthy economy combined with a job creating business climate contributed to Texas’ strong showing. “Giving businesses some certainty with which to risk investment capital and expand their enterprises has been central to the state’s economic success,” said Mark Arend, Editor of Site Selection magazine. He adds that “40 percent of the new U.S. jobs created since June 2009 were created in Texas.” Texas received the highest marks in both the quantitative and qualitative components of the study. Executives cited Texas' tax climate, pro-business climate, available workforce and economic development incentives as reason to relocate or expand a business in Texas. Texas also nabbed Site Selection's 2010 Governor's Cup for the most new and expanded corporate facilities announced over the year.

In Area Development’s survey, Texas' grabbed the top spot for overall business environment based on business friendliness, incentive programs, corporate tax environment and overall cost of doing business. The survey’s authors said “Texas is far and away the consultants' #1 choice for doing business."

Governor Rick Perry responded to the rankings by saying, “Employers seek out the best possible state to invest their capital, and Texas has a world-class workforce, predictable regulatory system that protects without stifling innovation, fair courts and a tax structure that allows people to keep more of what they earn,"

Texas received other citations. According to USA Today, Texas has moved past New York as the nation's second largest economy, and the Wall Street Journal has credited the state's low taxes and employer-friendly environment with helping make Texas the job creation capital of the nation. Additionally, Texas is ranked as the top exporting state in the nation for the ninth year in a row, and Texas consistently ranks among. (11/9/11)

To read the Site Selection article, click here.

To read the Area Development article, click here.

To Read the Winning Strategies Report, click here.