1. Texas

The Lone Star State is tops, with an economy that stands alone. But schools have huge problems.

Oil continues to represent a core industry in Texas. 
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Oil continues to represent a core industry in Texas. 

Category
Score
2018 Rank
2017 Rank
Grade
Workforce 286 7 1 A
Infrastructure 288 1 1 A+
Cost of Doing Business 216 18 15 A-
Economy 263 1 25 A+
Quality of Life 142 31 37 (Tie) D
Technology & Innovation 157 9 11 A-
Education 80 37 34 (Tie) D
Business Friendliness 84 21 24 C+
Access to Capital 95 3 3 A+
Cost of Living 40 11 9 A-
Overall 1651 1 4 -

Economic Profile

Governor: Greg Abbott, Republican

Population: 28,304,596

GDP growth (Q4 2017): 5.2 percent

Unemployment rate (May 2018): 4.1 percent

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

Top individual income tax rate: None

Gasoline tax: 20 cents/gallon

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