Office of the Governor Rick Perry

In Case You Missed It: Texas Named Top U.S. Business Climate

Tuesday, November 01, 2011  •  Austin, Texas  •  Press Release

Texas' healthy economy and robust job creation climate have combined to help the Lone Star State earn the Top Business Climate in the nation ranking by Site Selection Magazine.

"This top ranking further affirms our efforts to generate an environment where new jobs can be created and maintained," Gov. Perry said. "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."

To determine the Top Business Climate, Site Selection Magazine ranked states based on data, such as competiveness and tax climate, and a survey which asked corporate executives with site selection responsibilities to name the states they considered most business friendly. Texas received the highest marks in both components of the study, with executives citing Texas' tax climate, pro-business climate, available workforce and economic development incentives as reason to relocate or expand a business in the Lone Star State.

Development Counsellors International and Area Development Magazine have also ranked the Lone Star State as the best business climate. Additional national accolades include Site Selection Magazine's 2010 Governor's Cup for the most new and expanded corporate facilities announced over the year. 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 the top states for Fortune 500 headquarters.

To view the full report, please visit http://www.siteselection.com/issues/2011/nov/cover.cfm.

 

Governor's Initiatives:
Economic Development »
Connect With Us
Texas Governor's Office on Google+Google+ Texas Governor's Office on LinkedInLinkedIn Texas Governor's Office YouTube ChannelYouTube Sign Up For Email Updates - Opens New WindowEmail Texas Governor's Office Flickr Photo StreamFlickr RSS FeedsRSS Feeds FlipboardFlipboard InstagramInstagram
Related News
August 28, 2014 • Austin, Texas • Press Release
In Case You Missed It: Editorial Hails Texas as “Real Model For Economic Opportunity”
August 26, 2014 • Midland, Texas • Press Release
Gov. Perry Helps Break Ground on Occidental Petroleum Complex in Midland
August 15, 2014 • Austin, Texas • Press Release
Statement by Gov. Perry on July 2014 Texas Jobs Numbers
August 04, 2014 • Austin, Texas • Press Release
Gov. Perry Announces State Incentives Bringing SpaceX Commercial Launch Facility, 300 Jobs to the Brownsville Area
View News Archive »