The strong economy in Texas coupled with its infrastructure, technology and innovation helped to propel the Lone Star State to the nation’s second best place for business.
CNBC measured each state on 10 key business and economic development factors to determine America’s Top States for Business and for the second consecutive year, Texas is in the No. 2 spot.
Georgia took the top spot, ranking high for its infrastructure and workforce. Last year, the No. 1 state was South Dakota which won primarily for its low cost of doing business and its business friendly climate.
The study assigns the greatest weight to states with a low cost of doing business followed by the strength of a state’s economy and its infrastructure and transportation.
The rest of CNBC’s to five line-up includes Utah at No. 3, Nebraska at No. 4 and North Carolina at No. 5.
Nationwide, Texas ranks No. 1 for economy and infrastructure, and also high for transportation. And when it comes to technology and innovation Texas is No. 2, according to CNBC.
But those high scores weren’t enough to propel the Lone Star State over the top into the No. 1 overall spot.
Texas was ranked No. 37 for its quality of life, which CNBC attributed to the low percentage of residents covered by health insurance.
And it got just middling scores when it came to business friendliness, the cost of doing business and education.
This entry passed through the Full-Text RSS service — if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.