Dont mind the scorching hot temperatures in Texas. Maybe that is contributing to our latest scorching climate for business which ranks #1 in the nation according to Development Counsellors International.
In a survey of nearly 300 corporate executives across the country, 41 percent declared that Texas has the most favorable business climate. This is a designation the Lone Star State has held since 1999. Executives credited a strong labor market, low operating costs and a pro-business climate as factors in their decision.
North Carolina ranked second, while Georgia was third, followed by Tennessee and Florida, which tied for fourth place. For the third consecutive year, California was viewed as the state with the least favorable business climate. New York, Michigan, New Jersey and Massachusetts rounded out the bottom five.
DCI said its survey was sent to a random selection of 3,591 U.S. companies with annual revenue of at least $25 million. The study is conducted every three years.
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