Once again Texas is at the top of Chief Executive magazine’s ranking of the best and worst states for business. Annually more than 500 CEOs participated in this annual survey, which took into account taxes and regulations, workforce quality and quality of life.
Texas has just become more and more business-friendly over time. Recently, The Economistreports that it takes two years to open a new restaurant in the Golden State compared to six to eight weeks in Texas. That’s why Carpinteria, California CKE Restaurants (owner of Carl’s Jr.), is committed to opening 300 restaurants in Texas, but has no plans for new restaurants in California. As one CEO commented, “personal income tax rates and too much ‘big government’ regulation…public employee unions dominate California to its detriment. Texas was noted for its booming 4.8 GDP growth, low unemployment, growing population and low taxes. Second-ranked Florida is catching up as of late, “overtaking Texas in its quality-of-living environment,” according to the report.
To view the full report -
http://chiefexecutive.net/2014-best-worst-states-for-business
