- March 27, 2024
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Florida moved up one spot in Chief Executive magazine's annual survey of the best states to do business in, surpassing North Carolina.
Texas was No. 1 in the survey, for the eighth year in a row. North Carolina fell to third place; Tennessee was fourth; and Indiana was fifth. The worst states to do business in, according to the survey, are high-tax and poor economy havens: California, New York, Illinois, Massachusetts and Michigan.
The survey polled 650 CEOs nationwide. They evaluated states on several issues, including regulatory climate, tax polices, quality of living, work force and infrastructure.
“CEOs tell us that California seems to be doing everything possible to drive business from the state,” Chief Executive magazine Editor in Chief J.P. Donlon says in a release. “Texas, by contrast, has been welcoming companies and entrepreneurs, particularly in the high-tech arena.”
Adds Donlon: “Local economic development corporations, as well as the state Texas Enterprise Fund, are providing attractive incentives. This, along with the relaxed regulatory environment and a supportive State Department of Commerce adds up to a favorable climate for business.”