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Texas: Great for Business — as Long as You Don’t Have to Live There
Virginia has bumped Texas out of the number one spot in CNBC’s annual list of the best states for business. By itself that’s not a big deal. It is no bad thing to be the second best state for business, after all. But a close look at why Texas lost to Virginia ought to give Texans –and the rest of us — something to think about.
Texas still has the nation’s healthiest economy, CNBC says, as well as the best infrastructure. It is in the top ten for technology and innovation, access to investment capital, and cost of living. Where Texas is failing is in quality of life, which includes factors such as crime rate and health care. Since last year, Texas has fallen from 22nd to 32nd of the 50 states. Texas also slipped in the cost of living and cost of doing business categories.
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