Thursday, July 20, 2017

Business Facilities' Ranked Texas No.1 State for Best Business Climate

TINTON FALLS, NJ - July 20 - Texas is Business Facilities' top-ranked state for Best Business Climate in the magazine's 13th Annual Rankings Report, released today.

Texas has again dominated the field in our 2017 State Rankings Report, achieving top-10 rankings in 17 categories. The Lone Star State, which notched five first-place results, continues to rule the roost in Installed Wind Power Capacity Leaders. With more than 19,000 megawatts of wind energy, TX has installed nearly a quarter of the total U.S. wind power capacity.

"Texas aggressively is expanding the frontier of its economic development hegemony, whether it's from pulling new revenue out of ancient oil deposits far underground or expanding the nation's most-advanced semiconductor fabrication hub, to preparing to seize a leadership position in the emerging commercial space-launch sector," said BF Editor in Chief Jack Rogers.

"The sky's the limit in the Lone Star State," Rogers said.

In an exclusive interview with BF that will be published in our July/August issue, Gov. Greg Abbott explained the governing philosophy that produced the results that snared our flagship Best Business Climate ranking.

"Economic liberty is why Texas leads in job creation and in corporate expansion and relocations," Gov. Abbott told us. "Restrained government, lower taxes, smarter regulations, right-to-work laws and litigation reform—these are the pro-growth economic policies that help free enterprise flourish and that attract business to Texas from states that overtax and overregulate."

BF's Best Business Climate evaluates labor costs, tax climate and regulatory regime, cost of energy, incentives, infrastructure, workforce availability, logistics, education, access to capital and support for entrepreneurs, among other weighted factors.

Business Facilities is a national publication that has been the leading location source for corporate site selectors and economic development professionals for more than 50 years.

To view the complete 2017 BF Rankings Report, including state, metro and international results, visit businessfacilities.com.