On Wednesday, Texas Governor Greg Abbott celebrated Texas being awarded the top business climate in the country by Site Selection Magazine. It is the third national best business climate ranking for Texas this year, following accolades in June and September, and was unveiled during a press conference at the Governor’s Mansion in Austin.
“Today, we celebrate another victory for Texas—this time with Texas listed as the No. 1 business climate in the United States of America,” Governor Abbott said in a statement. “This is the first time we’ve won this Site Selection award since 2011.” All of this is a credit to Texas’ outstanding economic development specialists and chambers of business.
Texas is America’s economic behemoth, and we are currently the world’s eighth-largest economy. We have less red tape, fewer taxes, and the best workforce in the country. Above all, the Texas economy benefits all Texans. Texas is the current incarnation of the American dream—a place of opportunity for business owners. Thank you to Texas’ dedicated citizens for making this award possible.”
Texas Secretary of State Jane Nelson; Senators Kelly Hancock, Bryan Hughes, and Kevin Sparks; Texas Economic Development & Tourism Executive Director Adriana Cruz; and other state officials, as well as local economic development and business leaders, joined the Governor.
“Having won Site Selection’s Governor’s Cup for total capital investment projects in 2022 earlier this year, Texas for the second time in 2023 is demonstrating that it has in place what businesses look for most when expanding or relocating,” stated Arend, the editor-in-chief of Site Selection. “We congratulate the state-level and local economic developers throughout Texas for working to cultivate a business climate that is the best in the U.S.”
The annual Top Business Climate ranking by Site Selection is based on an index that comprises a survey of corporate real estate executives and site selectors.
The number of relocations and expansions in the state; an unrivaled business climate with no corporate or personal income taxes; a young, growing, skilled, and diverse workforce; robust infrastructure; and a focus on innovation with a strong startup ecosystem are also factors in Texas’ No. 1 ranking.
Governor Abbott accepted the Governor’s Cup in March, marking Texas’ 11th consecutive win as the nation’s top-performing state for job-creating corporate relocations and expansions.