Texas Tops Business Facilities 2015 Ranking Report, Named Best Business Climate, Infrastructure & Exports Leader
It shouldn’t surprise anyone that Texas has reclaimed its crown as our top-ranked state for business climate. The Lone Star State has been at or near the top of this category for as long as we’ve been parsing our rankings. Texas persists as a jobs juggernaut with an impressive reach into a diverse spectrum of growth sectors, from semiconductor fabrication to automotive and biotech, and just about everything in between. The deal-making mojo in Texas remains unsurpassed, bringing home Toyota’s new North American headquarters among other economic development prizes; but our friends in Texas aren’t resting on their laurels—they’re busy laying the foundation for the future with forward-thinking infrastructure like the new wind power grid in West Texas.
In 2014, Texas led the nation for the 13th year in a row in exports (TX is the top-ranked state in our Exports Leaders category), shipping out $289 billion in goods. More than 50 Fortune 500 companies are headquartered in Texas; the state’s civilian workforce of 13 million is the second largest. If you don’t think everything is bigger in Texas, consider this: TX has the third-largest share of domestic travel revenue: $67.5 billion, generating an estimated 568,000 jobs. READ MORE