Austin, Texas, the state’s capitol. (Flickr Photo / Stuart Seeger)
Texas is open for business, according to a new report from CNBC evaluating the economic climate of each state in the nation.
Researchers scored each of the 50 states on 60 metrics, which were developed with help from business, policy, and government experts. Those metrics informed 10 categories, like workforce, business friendliness, cost of living, infrastructure, and access to capital. Texas’ booming economy, educated and productive workforce, and transportation infrastructure buoyed the Lone Star State to the top of the list.
The study relies on similar criteria to Amazon’s as the company narrows the field of 20 cities contending for HQ2 to one in the next six months. With two cities in the running for Amazon HQ2, Texas’ top marks feel prescient. Dallas and Austin are both finalists for Amazon HQ2. Texas narrowly beat Amazon’s home state, Washington, which topped last year’s ranking from CNBC.
The request for proposals that Amazon issued last year — when the company announced plans to build a $5 billion second headquarters in another North American city — includes a preference for several of the factors that earned Texas the top spot on CNBC’s ranking. Amazon will …read more