Texas ranks No. 1 for business - CNBC

Houston Business Journal - By James Aldridge San Antonio Business Journal

Texas is the nation's No. 1 state for business, according to business news cable network CNBC-TV.

CNBC scored each state in the United States using publicly available data to determine the rankings. States received points based on 10 broad categories including: cost of doing business, workforce, economy, education, quality of life, technology and innovation, transportation, cost of living, business friendliness, and access to capital.

“This designation reinforces the fact that the Lone Star State is the best state in the nation to live, work and raise a family thanks to our low taxes, reasonable and predictable regulations and skilled workforce,” said Gov. Rick Perry. “These policies have helped keep our economy comparatively strong through the national economic downturn, and will continue to make us globally competitive in the future.”

Texas received the highest average score against 40 measures of competitiveness, including technology, cost of living, economy, education, transportation, infrastructure and innovation, among other measures. Texas took the No. 2 spot last year after Virginia.