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)

From the Governors


  • South Dakota, More Than Just Gorgeous Views

    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.

  • Ranking America's Workforces

    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.

  • Why South Dakota is Top State for Business

    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.