Texas Is The Top State For Business

Posted by Kent Redding on Monday, July 9th, 2018 at 8:17am

Thanks to a recent article from CNBC we know that Texas is considered to be the top state for business even edging out Washington DC and that’s good news considering that Amazon has been looking for a new state for its next headquarters and Austin has been a top contender.

Why Texas?

Researchers scored each of the 50 states on 60 metrics, which were developed with help from business, policy, and government experts. Those metrics informed 10 categories, like workforce, business friendliness, cost of living, infrastructure, and access to capital. Texas’ booming economy, educated and productive workforce, and transportation infrastructure buoyed the Lone Star State to the top of the list.

The study relies on similar criteria to Amazon’s as the company narrows the field of 20 cities contending for HQ2 to one in the next six months. With two cities in the running for Amazon HQ2, Texas’ top marks feel prescient. Dallas and Austin are both finalists for Amazon HQ2. Texas narrowly beat Amazon’s home state, Washington, which topped last year’s ranking from CNBC.

The request for proposals that Amazon issued last year — when the company announced plans to build a $5 billion second headquarters in another North American city — includes a preference for several of the factors that earned Texas the top spot on CNBC’s ranking. Amazon will prioritize locations with “a stable and business-friendly environment.” The company is looking for a city with a robust transportation infrastructure and perhaps most importantly, Amazon wants a large talent pool to tap.

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