In what’s become an annual rite of spring for our Best & Worst States for Business survey of CEOs, Texas and Florida held on to their No. 1 and No. 2 spots this year, continuing their long-running lock on the top of the rankings.
“Texas has been named the Best State for Business every year that I have been Governor because we have remained steadfast in our efforts to offer a world-class business climate and develop the skilled, diverse workforce in our state,” said Governor Abbott.
“Texas is the beacon of freedom and opportunity thanks to our competitive business environment, no corporate or personal income taxes, limited regulations, and endless opportunity that allows all Texans to prosper. Texans thrive when our economy is booming, and I look forward to keeping the Lone Star State the best place in the nation to do business.”
Based on polling of nearly 700 CEOs and business owners from every U.S. state, conducted in January and February 2022, the Lone Star State placed No. 1 again, as it has every year since Chief Executive began the compiling the list in 2001. Their combination of a fast-growth population and a low-tax, low-regulation business climate is proven catnip for companies.
It’s a position that seems unlikely to change, even as Governor Greg Abbott has stressed some corporate sensibilities in recent weeks by snarling supply chains with an order for state inspection of commercial trucks coming from Mexico, looking to stop the flow of illegal immigrants and drugs. Abbott also has assumed a high profile in the growing national controversy over new abortion restrictions that began with a law in Texas.
The state’s faltering electrical grid resulted in a similar tsunami of criticism—even worse in business circles, including a rare knuckle-rap from new Austin resident Elon Musk in early 2021—but that did little to chill the state’s reputation or ranking among CEOs.
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