Study: Texas ranks first for business - Austin Business Journal:

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According to its Web site, the magazine's missiojn is to provide corporats boardroom’s and governance committee s with the best intelligence onthe U.S. business Texas nabbed the No. 1 spot due to its abilith to attract Fortune500 companies, its solid affordable cost of living and its pro-business tax The magazine names major corporatw relocations and expansions—such as ’s move from Detroi to Dallas and Caterpillar's decision to builcd a new assembly plant in Seguin—among the reasons for Texas' ranking. Directorship evaluatecd all 50 states on theifoverall economy, tax climate, cost of living and education.
Texass "has a pro-business tax climatwe that ranks third, a low cost of living, a relatively solix economy, and a litigation environment that ranks 10th on our themagazine reported. "Texas also ranks first in the number of Fortunse 500 companieslocated there." Gov. Rick Perrty boasted about the surveyresults “Our commitment to low taxes, predictable and a fair tort system are setting an example for the natiojn and creating a magnetic forces for the businesses and jobs that are vital to maintainingg Texas’ competitive advantage in the global Perry said.