In their annual CEO poll, Chief Executive Magazine, ranked Texas as the "best state to do business". The CEO's were asked to consider a variety of criteria, including the education level of the population, roads, infrastructure, climate, and housing costs.
Nevada was ranked #2; North Carolina #3; Virginia #4; and Arizona #5. Respondents ranked the worst states for business as California #51; New York #50; Michigan #49; Massachusetts #48; and New Jersey #47.
High ranking states have a proactive attitude toward attracting and keeping businesses by offering tax incentives, job training and other benefits. Most importantly, they have a motivated and educated work force. Lower ranked states have entitlement issues, low motivation, low state support, high taxes, onerous regulation, and high cost of living. Overall, Texas is well positioned to attract the attention of CEO's who are planning the future of their company. Texas is already one of the top regions for biotechnology development, a growing industry for the future.
In the heart of Texas, Austin is perfectly positioned to move forward into a strong economic future. It all began in the 1980's, with the combined efforts of the University of Texas and civic leaders to bring in MCC and Sematech. This started the engine of growth in Austin. Austin became Silicon Hills, a center for high tech. Fortunately, Austin grew in other artistic ways as well, becoming a center for live music and movie making. Combine that with running, bicycling, and outdoor activities and you have the quality of life that is so desired by young people today.
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