Created Friday, 23 July 2010 16:20
Texas – America’s Top State for Business
The Texas economy continues to receive national attention. This month, CNBC named Texas America’s Top State for Business for the second time. Texas was also recently named the “Best State to Do Business” by CEO Magazine for the sixth year in a row, and six of Texas’ metro areas were listed as “America’s Recovery Capitals” by Forbes and Moody’s Economy.
No other state is home to more Fortune 500 companies, and Texas is the nation’s leading exporting state for the eighth year in a row. Texas created more private sector jobs than any other state in the nation over the last 10 years. Additionally, Texas’ unemployment rate dropped to 8.2 percent in June, well below the national average.
“As Americans look for the best place to live, work and raise a family, more of them are heading to Texas all the time,” Gov. Perry said. “The root cause of our economic success is hardworking Texans, but pro-job policies, low taxes, predictable regulations and fair legal system have also helped Texas lead the nation in job creation.”