Texas is the Best State for Business 2012

No 1: Texas

No. 1


Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: 3.13
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 3.46


  • Unemployment Rate Dec. 2011 %: 7.80
  • Comparison with Nat’l Rate (8.50%): -0.70

Domestic Migration

  • Domestic Net Migration ’00-’09: 838,126
  • Rank: 2

State Government

  • Debt per Capita Fiscal Year ’10 ($): 1,679
  • State & Local Gov’t Employees per 10k Residents: 563.86

State-Local Tax Burden

  • Rate (%): 7.89
  • Compared to Nat’l Avg. (9.8%): -1.91
Key Companies
  • ExxonMobil Corp.
  • AT&T Inc.
  • Dell Inc.
  • ConocoPhillips
  • AMR Corp.
  • Fluor
  • Halliburton
  • Southwest Airlines
Development Trend Indicator: Positive
Still a leading jobs magnet, but persistent drought pinches many businesses.
CEO Comments
“Texas—what else needs to be said—great people, low tax, low regulation, great central location.”

“Texas continues to develop and grow businesses. The state attracts top-level talent across the income divisions. Laws and taxation are creating opportunities that benefit expansion and job growth.”

Bureau of Economic Analysis
Bureau of Labor Statistics
The Tax Foundation

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