AUSTIN, TX -Chief Executive Magazine today announced Texas as the “Best State For Business” for 2018. Chief Executive Magazine's annual rankings are determined by surveying hundreds of leading CEOs from across the United States. This is the 14th year in a row Texas has been named best state for business.
"It is no accident that the nation’s top CEOs continue to rank Texas as the best state for business,” said Governor Abbott. “Innovation and ingenuity are thriving in the Lone Star State, and as a result, businesses are relocating and expanding their footprint in Texas, further strengthening our economy. I am proud that Texas has once again received this recognition and solidified its standing as the best state in the country in which to do business.”
Since Governor Abbott took office, more than 600,000 new jobs have been created and Texas set a new record for the lowest unemployment rate in four decades.
This year's rankings highlight Texas' high quality workforce and superior living environment. The report shows Texas' leading industries as advanced manufacturing, aviation, biotech, chemicals products and energy. The rankings also note Texas' low tax and low regulation business-friendly environment that has led to the relocation or expansion of many major companies, such as Kubota, NTT DATA, Charles Schwab and Brakebush Brothers.
Chief Executive Group is the leading community for business leaders worldwide, publishes Chief Executive magazine (since 1977), ChiefExecutive.net, Corporate Board Member magazine and BoardMember.com, as well as conferences and roundtables that enable CEOs to discuss key subjects and share their experiences with their peers. The Group also runs the Chief Executive Network, the leading CEO membership organization arranged by industry, and facilitates the annual “CEO of the Year,” a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of peers. Visit www.ChiefExecutive.net and www.BoardMember.com for more information.