Texas Corrals Enough Points to Leave Trailing States in the Dust
November 1, 2023
Fresh from winning its 11th consecutive Governor’s Cup for total capital investment projects earlier this year, Texas is finishing 2023 with top billing in Site Selection’s annual ranking of state business climates. The ranking is based on 10 criteria, including a survey of corporate site selectors, qualified projects logged in the publication’s Conway Projects Database and independent measures of states’ attractiveness to capital investors.
Texas has always performed well in the business climate ranking, routinely finishing in the top five — it placed third in 2022. This year’s first-place finish is decisive with a total point score of 410, well ahead of second-place Georgia, which earned 361. Rounding out the top five are last year’s winner Virginia (344), North Carolina (343) and Ohio (330).