For the second year in a row, the state of Texas tops the list of states with the best conditions for doing business in the United States.
This according to the financial portal ChiefExecutive.net , which performs an annual ranking of all states, taking into account a variety of factors.
According to the article, the top 3 is headed by Texas, followed by Florida, and Tennessee.
Here’s a snippet from the original article (in English), which you can find by giving click here .
2019 Best & Worst States For Business
The more things stay the same, the more they stay the same – at least if you’re the best and worst states in America for doing business. But if you’re somewhere in the middle of the rankings, there are real prospects for changing CEO perceptions, just not always for the better.
According to the CEOs who were surveyed for the 2019 Best States & Worst States for business ranking by Chief Executive, Texas remained No. 1 this year, solidifying its long hold on the top spot. Florida once again was No. 2. Indiana remained No. 5. At least Tennessee leapt up to No. 3 while North Carolina dipped one spot, to No. 4.
But it was at the bottom of the list where things were ossified. The ranking of the worst seven states remained unchanged again for 2019: No. 44 Oregon, No. 45 Massachusetts, No. 46 Connecticut, No. 47 New Jersey, No. 48 Illinois, then New York at No. 49, and California in last place.
The lack of movement at the top and bottom of the list makes sense to Dennis Cuneo, a veteran economic-development consultant. “If you’re not doing business in a state, your impressions are based on what other CEOs say about it, and they keep reinforcing one another,” Cuneo says. “Yet the Chief Executive ranking is the best one out there, because it reflects what decision-makers are saying. And it’s what they think that counts.”
In that regard, the best states can practically do no wrong, with their inherent advantages enhanced by enlightened administrations continually finding ways to be welcoming to CEOs and their economic booty.
Perennial No. 1 Texas is an example. Governor Greg Abbott risks the ire of indigenous football fans by comparing his state’s performance atop economic-development rankings to that of the New England Patriots of the National Football League, just repeatedly winning everything despite everyone else’s best efforts.
“In football or economic development, the one thing that kind of record requires is relentless persistence – the pursuit of what needs to be done to succeed,” Abbott tells Chief Executive.
Also consider Indiana. “It has a very low tax burden and a regulatory environment that is somewhat favorable to business,” notes Dan Starr, CEO of Do it Best, a $3.7-billion home-center-retail supplier in Fort Wayne that is the largest privately-held outfit in the state. “And when you look at the state budget, there is no looming unfunded public-pension liability or something like that.”
On the other hand, California has it real bad, with the state’s ideal climate and digital-tech dominance simply not able to overcome CEOs’ impressions that the Golden State just doesn’t care about how expensive and difficult it is to do business there. So it keeps hogging the bottom of the Chief Executive list.
Similarly, Illinois remained ensconced at No. 48, despite the rise of metro Chicago as a hub for technology jobs. For CEOs, there’s no getting around the fact that the city bears $28 billion in unfunded pension liabilities and billions more in traditional debt. And the state’s new Democrat governor, J.B. Pritzker, has proposed a new progressive income-tax scheme to close the state’s own $3.2-billion budget deficit.
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