Texas best state for business

In Industry News by Bradford

ENGLEWOOD CLIFFS, N.J. (CNBC) – Texas snagged the top spot on CNBC’s list of America’s top states for businesses.

The Lone Star state scored 1,651 out of 2,500 points, making it the only state to be named a four-time winner since the study’s creation in 2007. Texas has placed in the top five every year.

Texas ranked first in the economy category, up from 25th last year. The study cited the state’s 5.2 percent GDP increase in the fourth quarter. Texas added over 350,000 jobs in the past year, meaning one in seven jobs created in the nation last year was created in Texas.

The state also took the top spot in infrastructure. Its lowest categorical ranking was number 37 for education.

The rest of CNBC’s top five include Washington, Utah, Virginia, and Colorado.