Texas is the number one state for business. In CNBC’s sixth annual study, Texas racked up an impressive 1,604 points out of a possible 2,500, with top-10 finishes in six of the 10 categories of competitiveness. Texas has never finished below second place since the study began in 2007.
In addition to the top spot overall, Texas has the nation’s best Infrastructure, according to our study. It improved to second place for Technology and Innovation, and boasts the third lowest Cost of Living. The state’s Workforce improved to seventh best from 14th last year. Access to Capital declined a bit, but Texas still finished in the top 10 (eighth). Perhaps most impressive, the Texas economy recovered from a rare stumble last year, when it finished 14th in the category, improving to fifth this year.