July 30, 2020
Texas scored top honors in terms of business climate in Business Facilities magazine’s annual rankings, announced Wednesday. The Lone Star State had notched up a record fourth consecutive plaudit as State of the Year in 2019, but the publication suspended overall rankings for states and metro areas this year amid the COVID-19 pandemic.
The same factors that propelled Texas to its fourth SOTY win last year were in play this year too, Business Facilities reported. “A rapidly expanding skilled workforce, solid infrastructure, readily available renewable energy and a vibrant innovation ecosystem are just a partial list of the must-haves TX puts on the table for corporate site selectors evaluating locations for their next project.”
In a statement, Gov. Greg Abbott said, “We have shown repeatedly that the Texas model of low taxes and smart regulations combined with our top-notch workforce is a winning formula for economic prosperity.”
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