NASHVILLE, Tenn., April 24,
2024 /PRNewswire/ -- CEOs surveyed for Chief
Executive magazine's annual list of the Best and Worst States
for Business has once again ranked Texas and Florida as the best states for business, with
Texas maintaining its number one
position on the list as it has since the list debuted in 2001. The
rankings, released in the Spring issue of Chief Executive,
reflect the states' continued ability to attract companies of all
sizes and industries.
The ranking is based on a survey of more than 500 CEOs across
the country who were asked to rate states based on their opinion of
how easy it was to do business in that state versus others.
Texas and Florida's high rankings showcase unmatched
business-friendly regulatory environments and economic
diversification.
"Texas and Florida's consistent ranking at the top of
lists for best states to do business in reaffirms their status as
economic powerhouses," said Chris
Chalk, Publisher, Chief Executive magazine. "Their
pro-business environments, robust infrastructure, and skilled
workforce continue to attract businesses and drive economic growth.
These states serve as prime examples of how strategic policies and
investments can create opportunities for success."
While there's been a diverse mix of economic growth in the
Lone Star state, semiconductor
manufacturing is making big waves, with manufacturing facilities
drawing over $30 billion in
investments and thousands of new jobs from companies like Samsung
and Texas Instruments.
Florida remains the
fastest-growing state in the nation. The influx of companies, low
cost of living and quality of life are attracting many residents
from the Northeast in search of "job opportunities and paradise,"
said Craig Richard, president and
CEO of Tampa Bay EDC.
Here's what some of the CEOs we surveyed had to say about why
they ranked Texas and Florida so highly:
"Texas is business friendly,
lower taxes, and good work force."
"Business friendly, ease of market entry, balanced politics,
educated talent that remains in the state."
"The ease of getting started, the lack of government red tape
and the lack of excessive taxation."
"Texas is easy to do business
with good laws to protect both buyer and seller."
"The growth rate is tremendous due to the elimination of a state
tax."
"Friendly business climate, favorable labor laws, good tax
structure, attractive to hire and retain talent and talent is
generally available in those states."
"Despite economic headwinds in the furniture business, these
states continue to generate revenue for our business. Florida in particular has seen growth in an
overall down market."
"Florida is incredibly business
friendly and has business policies that make sense. Florida's business climate is attractive and
their people want to work."
The Top 5 States for 2024:
1. Texas
2. Florida
3. Tennessee
4. Arizona
5. North Carolina
The Bottom 5 States for 2024:
46. Washington
47. New Jersey
48. Illinois
49. New York
50. California
Biggest Gain, 2023-24:
North
Dakota, + 13 to 16th place
Biggest Loss, 2023-24:
Colorado, - 16 to 29th place
Enhanced Coverage online:
https://chiefexecutive.net/best-worst-states-business/
About Chief Executive Group
Chief Executive Group, a leading community for business leaders,
exists to improve the performance of U.S. CEOs, CFOs, CIOs, CHROs
and corporate directors. We publish Chief Executive magazine,
ChiefExecutive.net, Corporate Board Member magazine,
BoardMember.com, StrategicCFO360.com, StrategicCIO360.com and
StrategicCHRO360.com, and run some of the nation's most essential
peer-networking communities, including The CFO Leadership Council,
Chief and Senior Executive Networks, Corporate Board Member Network
and The American College of Corporate Directors.
For media inquiries:
Dan Bigman, Editor, Chief
Executive, 203-889-4980, 376649@email4pr.com
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SOURCE Chief Executive Group