2. Texas

The Lone Star State shines year after year, with the nation’s strongest economy and its best infrastructure. But Texas also leads the nation for residents without health insurance.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 251 23 (Tie) 35
Workforce 192 11 11
Quality of Life 114 37 41
Infrastructure & Transportation 254 1 (Tie) 1
Economy 326 1 1
Education 73 27 10
Technology & Innovation 254 2 2
Business Friendliness 121 20 20
Cost of Living 33 18 (Tie) 9
Access to Capital 23 5 (Tie) 3
Overall 1641 2 2

Economic Profile

Governor: Rick Perry, Republican

Population: 26,448,193

GDP growth: 3.7 percent

Unemployment rate (May 2014): 5.2 percent

Top corporate tax rate: 0 percent

Top individual income tax rate: 0 percent

Gasoline tax: 39 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: H-E-B Grocery Co.

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics

Top States for Business

From the Governors

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