News Summary
Texas has been ranked second in CNBC’s annual list of the best states to do business, following North Carolina. The state excelled in workforce development, job growth, and a favorable business climate, despite challenges in the quality of life category. With a booming economy and no corporate or personal income tax, Texas continues to attract businesses and investment, particularly in technology. However, it faces fierce competition to improve its quality of life offerings to remain a top choice for companies.
Texas Shines Bright in CNBC’s Business Rankings for 2025!
Howdy from the Lone Star State! It’s official—Texas has snagged the second spot in CNBC’s annual rankings for the best states to do business in for 2025. Giving a little wave to North Carolina, which has taken the crown this time, Texas is still basking in its glory, showcasing its undeniable appeal to businesses.
A State that Means Business
When it comes to business, Texas is the place to be! This year’s rankings took a deep dive into 135 different metrics, all neatly packed into ten categories, giving each state the chance to rack up a whopping total of 2,500 points. Texas, home to the second-largest economy in the U.S.—just behind California—continues to emphasize its strengths in the business arena.
Top Marks for Workforce
What really makes Texas stand out? Well, it claimed the number one spot in the “workforce” category, and for good reason! The state has seen an impressive annual job growth, welcoming over 60,000 new jobs each year. Add in a friendly tort system and enticing incentive programs designed to attract innovative businesses, and you can see why companies are flocking to Texas.
Economy and Innovation
But wait, there’s more! Texas ranked second when it comes to the economy and technology and innovation. Business analysts noted the state’s resilience, especially in light of pressures from possible economic downturns. Investors know they can count on Texas for a solid business climate.
A Boost for Tech Investments
Thanks to its no corporate income tax and no personal income tax policies, Texas has been a magnet for investment—particularly in tech. Companies are eyeing the opportunities in the thriving Texas market and its accessible labor pool. With infrastructures like the DFW Airport and the bustling deep-water ports in Houston, connectivity to global markets is practically seamless, making it even more attractive to new businesses.
Quality of Life, Not So Much
The Competition Heats Up
Looking Ahead
As the Lone Star State continues its journey as a business hub, these recent rankings serve as a friendly reminder that adaptability and continuous improvement are key. There’s a whole lot of potential for growth in Texas, and with a little focus on enhancing quality of life, it might just reclaim that top spot in the near future!
Deeper Dive: News & Info About This Topic
- Dallas News: Texas Edged Out by North Carolina in CNBC’s Rankings
- Newsweek: Map Showing Best and Worst States for Business
- AInvest: North Carolina Overtakes Texas in Business Rankings
- Cleveland.com: Ohio Breaks into Top Five States for Business
- Florida Politics: CNBC Rankings – Florida Jumps 2 Spots
- Wikipedia: Business in the United States
- Google Search: Best States for Business
- Google Scholar: Business Rankings
- Encyclopedia Britannica: Business
- Google News: Texas Business
