Saturday, May 4, 2024 May 4, 2024
68° F Dallas, TX
Advertisement
Business

Texas is the Best State for Business, California Worst

|

That’s according to a survey of chief executives by Chief Executive magazine:

This is one reason Texas has consistently held the No. 1 position since 2005. It gets strong marks in all areas important for business creation, and has the second-lowest taxes in the nation. The state has created more jobs than any other–about 250,000 last year. Not surprisingly, it also enjoys the highest inward net migration rate of any state. As a result, Texas gained four Congressional seats, Florida picked up two and Arizona, Georgia, Nevada, South Carolina, Utah and Washington each gained one. All have low taxes. Brian Domitrovic, assistant professor of history at Sam Houston State University, identifies a key factor that often goes unnoticed. “Texas offers high labor market flexibility, which is a key element in business creation,” he notes

Related Articles

Pacific Plaza
Dallas History

D Magazine’s 50 Greatest Stories: When Will We Fix the Problem of Our Architecture?

In 1980, the critic David Dillon asked why our architecture is so bad. Have we heeded any of his warnings?
Image
Healthcare

Baylor Scott & White Waxahachie’s $240 Million Expansion

The medical center is growing to address a 40+ percent patient increase in the last five years.
Image
Food Events

How the CJ Cup Byron Nelson Became a Korean Food Showcase

The tournament’s title sponsor, a Korean company that includes a culinary division, is literally adding new flavor to a Dallas classic.
Advertisement