(CNBC) — The Lone Star State makes a triumphant return as America’s Top State for Business—its third time at the top of our rankings.
“Listen, there is a reason that Caterpillar [CAT 80.27 -2.87 (-3.45%) ] moved their hydraulics manufacturing and their engine manufacturing to the state of Texas,” said Gov. Rick Perry in November during the CNBC Republican presidential debate.
We can attest to that.
In our sixth annual study, Texas racked up an impressive 1,604 points out of a possible 2,500, with top-10 finishes in six of our 10 categories of competitiveness. Texas has never finished below second place since we began the study in 2007.