Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Economic News

Top 25 state business climate rankings – Texas dominates the list

Texas art print available on Etsy.com.

Texas art print available on Etsy.com.

Texas tops the list

Ask any Texan if the above image is true and if they’ve lived in Texas for more than a decade, they will agree. It’s not an ego thing, the state really is giant and has had one of the best business climates for many years. Atlas Van Lines’ annual study of corporate relocations in 2010 logged more than 7,200 relocations inbound to Texas, the sixth highest, claiming 58 percent of all inbound relocations in the entire nation. With Texas Governor Rick Perry vying for the Republican nomination for President, most have heard that 40 percent of all jobs created since 2009 were created in Texas.


What makes Texas the state to beat next year? According to survey respondents:

  • “a pro-business, entrepreneurial, right-to-work state”
  • “no state income tax, ease of pulling permits, available work force”
  • “the government makes it easy to do business”
  • “Texas is progressive, fewer regulations”
  • “willingness to work with business”
  • “the tax climate, regulatory environment, incentive programs and work-force development efforts”
  • “the state fights OSHA, EPA and other negative, useless regulations; no state income tax”
  • “work-force availability, existing facilities and good economics for labor and facilities”
  • “cooperation and flexibility of state and local officials; proactive in growing the economy.”

It’s not all about Texas

Although Texas took the overall top spot, other states actually ranked higher in other categories. North Carolina took the top spot for adding new plants in the 2011 calendar year and Louisiana brought the most jobs per capita as well as took the top spot for competitiveness. Texas has a big target on its back for repeatedly garnering top spots in various lists, but Louisiana is in a rebuilding phase and we suspect it may climb to a higher spot in 2012.

Methodology of Site Selection’s study:
Each of these categories is weighted 50 percent; the data side is comprised of five sub-categories: the state’s ranking in the Governor’s Cup tally of total new and expanded facilities the previous calendar year according to Site Selection’s New Plant Database, published each March; total projects per million population; the state’s placement in our annual Competitiveness Ranking, published each May; qualified New Plant projects year to date; and a new criterion this year — the states’ 2011 business tax climate as measured by the Tax Foundation.

Written By

Marti Trewe reports on business and technology news, chasing his passion for helping entrepreneurs and small businesses to stay well informed in the fast paced 140-character world. Marti rarely sleeps and thrives on reader news tips, especially about startups and big moves in leadership.

51 Comments

Leave a Reply

Your email address will not be published.

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Business Entrepreneur

(ENTREPRENEUR NEWS) Whether you’re a young entrepreneur looking for advice about how to start your first business, or a seasoned vet looking for new...

Business News

(BUSINESS NEWS) A list of companies that have filed bankruptcy have either been reorganized or straight up closed.

Business Entrepreneur

(ENTREPRENEUR NEWS) If you're thinking about launching a startup anytime soon you may want to check out this list on the top 10 cities...

Business Entrepreneur

(ENTREPRENEUR NEWS) The results of this survey are surprising, and may have you packing up your cold weather gear to move inland and scout...

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.