4. Texas

The Lone Star State’s in a class by itself in workforce and infrastructure, but the economy forces its worst finish yet.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Workforce 376 1 8
Infrastructure 251 1 2 (Tie)
Cost of Doing Business 219 15 23
Economy 170 25 1
Quality of Life 127 37 (Tie) 37 (Tie)
Technology & Innovation 157 11 10
Education 82 34 (Tie) 40 (Tie)
Business Friendliness 82 24 18
Access to Capital 96 3 7
Cost of Living 42 9 21
Overall 1602 4 2

Economic Profile

Governor: Greg Abbott, Republican

Population: 27,862,596

GDP growth (Q4 2016): 3.4 percent

Unemployment rate (May 2017): 4.8 percent

Top corporate tax rate: None (levies a gross receipts tax)

Top individual income tax rate: None

Gasoline tax: 20 cents/gallon

Bond rating/outlook (Moody's, S&P): Aaa, AAA stable

Major private employers: H-E-B Super Market Chain, Exxon Mobil

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

Latest Special Reports

  • Coverage of the World Economic Forum’s annual meeting in Davos, Switzerland.

  • Invest in You: Ready. Set. Grow. is focused on improving Americans’ money knowledge of saving, spending and investing.

  • CNBC assesses the risks and opportunities facing investors in the municipal bond market, as cities and states look for ways to fund their economies, create jobs and provide essential services to their citizens.