NEW YORK – Texas ranked fourth overall in the nation on Forbes' annual "Best States for Business" list, up two spots from last year.
The Lone Star State was first for economic climate, fourth for business costs, and eighth for both labor supply and growth prospects. It performed worse in regulatory environment and quality of life, ranking 25th and 32nd in these categories, respectively.
Utah, North Carolina, and Nebraska took the top three spots on the list.
Texas, with a gross domestic product (GDP) of $1.6 trillion, joined No. 24 New York and No. 30 California as one of only three states with GDPs in the trillions.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.