For the eighth time in a row, Texas came out on top in Chief Executive’s annual survey of CEO opinions about the best/worst states in which to do business.
"Texas easily clinched the No. 1 rank," the Chief Executive story noted. "California earns the dubious honor of being ranked dead last for the eighth consecutive year."
This year, 650 business leaders responded to the annual survey, up from 550 in 2011. According to the article, 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," the article stated.
Florida moved up from number three last year to number two.
"It is perhaps no coincidence that Texas and Florida have the highest net migration of people to their states from 2001 to 2009," the article reported. "People migrate in search of employment, but this can cut both ways. Texas is justly proud of adding to its employment numbers, something Gov. Perry cited numerous times during his brief campaign for the Republican Presidential nomination."
Between June 2009 -- which marked the official end of the recession -- and July 2011, the number of jobs increased in the state by 328,000, the article said.
Nationally, the job growth in that time period was 697,000 according to figures from the Bureau of Labor Statistics.
"This translates to Texas jobs making up 47 percent of the national net job creation. However, neither Texas, nor the nation, is adding jobs at a pace fast enough to bring down unemployment to historically normal levels. And Texas’ unemployment rate -- while still below the national average -- is now higher than that of 26 states," the article said.
To read the full article, go to: http://chiefexecutive.net/best-worst-states-for-business-2012.