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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

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