CALIFORNIA:: Another Triumph for Texas: Best/Worst States for Business 2012 | ChiefExecutiveMaga

By at May 6, 2012 | 12:00 am | Print

CALIFORNIA:: Another Triumph for Texas: Best/Worst States for Business 2012 | ChiefExecutiveMaga

Another Triumph for Texas: Best/Worst States for Business 2012

By JP Donlon, May 2 2012

In Chief Executive’s eighth annual survey of CEO opinion of Best and Worst States in which to do business, Texas easily clinched the No. 1 rank, the eighth successive time it has done so. California earns the dubious honor of being ranked dead last for the eighth consecutive year.

This year, 650 business leaders responded to our annual survey, up from 550 in 2011. CEOs were asked to grade states in which they do business among a variety of areas, including tax and regulation, quality of workforce and living environment. The Lone Star State was given high marks foremost for its business-friendly tax and regulatory environment. But its workforce quality, second only to Utah’s, is also highly regarded.

Florida moved up from number three last year to number two. Last year, Florida Gov. Rick Scott penned a tongue-in-cheek letter to Texas Gov. Rick Perry, warning him that Florida is coming after the Lone Star State’s top ranking. Since Scott took office, his administration has enacted business tax and regulatory reforms that have contributed to the creation of more than 140,000 private sector jobs and an unemployment drop of 2.1 percentage points last year—one of the biggest decreases in the nation.

via Another Triumph for Texas: Best/Worst States for Business 2012 | ChiefExecutive.net | Chief Executive Magazine.

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