State Business Climate Ratings Out

Site Selection Magazine's annual ranking of state business climates has just come out, and the winner in 2004 is Texas.

Texas has performed well in the past, finishing in 6th place in 2003 and third in 2002 -- corporate executives surveyed identified Texas as their first choice in 2002.

Important pro-business measures and actual capital investment as tracked by Conway Data's New Plant database combined to put Texas into first place in this year's rankings. These are important factors.

The ranking uses a combination of factors. Fifty percent of a state's rank performance is based on a survey of corporate real estate executives in which they were asked to rank their top 10 states according to ease of doing business, business costs and other factors. The other 50 percent of the ranking is based on the states' performance in four criteria associated with recent business-expansion activity recorded in the New Plant database. Read the Site Selection Magazine by clicking n the link below.

More here.