This just in: Texas secured the No. 1 spot on Chief Executive's Best and Worst States for Business survey. Texas has achieved the top spot each year since the ranking's inception.
The ranking reflects CEO perceptions of the best and worst states for business based on a range of key measures. The Lone Star State's dominance in this ranking is thanks to its hospitable business climate, top-notch workforce and high quality of life.
Texas was followed once again by Florida at No. 2, while North Carolina fell to No. 4, replaced by Tennessee at No. 3, and Indiana remained at No. 5.
California again ranked at the very bottom on the list. Jim Lentz, CEO of Toyota Motor North America, commented on the difference between the two states. “I want to be an employer where people want to come,” he said. “In the case of California, the cost of living was eroding the quality of life. In Texas, the hospitality of the South and the pioneer spirit of the West and the values of the Midwest all blend together to create this very positive climate that results in a great quality of life.”