America's Top States For Business 2013

#2 Texas

Austin, Texas
Peter Tsai Photography | Flickr | Getty Images
Austin, Texas
2013 Rank
2012 Rank
Cost of Doing Business 185 35 28
Workforce 195 11 7
Quality of Life 106 41 35
Infrastructure & Transportation 250 1 1
Economy 319 1 5
Education 95 10 26
Technology & Innovation 256 2 2
Business Friendliness 121 20 12
Cost of Living 42 9 3
Access to Capital 24 3 8
Overall 1593 2 1


Governor: Rick Perry (R)

Population: 26,059,203

GDP growth: 4.8 percent

Unemployment rate (May 2013): 6.5 percent

Top corporate rate: None, but has gross receipts tax

Top individual tax rate: None

Gasoline tax: 20 cents/gallon

Bond rating/outlook: Aaa/Stable

Major private employers: Dell Inc., University of Texas-Austin, MD Anderson Cancer Center, ISS Facility Services, Bearing Point Inc., University of Texas Health Sciences-Houston, Lockheed Martin Corp., Hewlett-Packard, HEB Grocery Company, Texas Instruments

Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)

Top States For Business 2013

From the Governors


  • South Dakota is the winner of the annual "America's Top States for Business" study. CNBC's Scott Cohn reports on the state's economy and its stunning views.

  • CNBC's Scott Cohn reveals how other states fared when it came to their workforce, including a look at education level, retraining programs and union membership.

  • The cost of doing business was one of the key reasons the Mount Rushmore State captured the top ranking as the best state for business, reports CNBC's Scott Cohn.