Texas’ business climate again ranks as the best in the nation for companies that want to relocate or expand here.
In being awarded the Best Business Climate designation, Business Facilities magazine gave Texas high marks for infrastructure, natural gas production, free trade zone activity and wind-power capacity.
Texas also placed in the top 10 for data centers, aerospace/defense, biotechnology employment, nuclear power generation, credit quality and renewable energy capacity. Business Facilities previously named Texas the State of the Year in January.
“Employers across the country know the Texas model works. Our low taxes, smart regulations, skilled workforce and fair courts have created an economy that offers businesses the best chance at success,” Gov. Rick Perry says. “These principles have helped us create one-third of the net new jobs in the nation over the past 10 years, providing more opportunity for hardworking families. Texas is a national example for job creation; that’s why I’ll be in Missouri this week, and have traveled to other states like California, Illinois and New York to share our state’s economic success story.”
The magazine wrote that Texas has become a global leader in semiconductors and other high-tech growth sectors, such as bioscience. This is all buoyed by a world-class university system.
Texas has received a number of similar accolades in recent months.
After ranking No. 1 on Site Selection magazine’s Top Ten Competitive States of 2012 list,Texas is now only one title away from Site Selection’s “triple crown.” The magazine will release its business climate list — the third of its annual state rankings — in November.
Sourced From Houston Business Journal