Texans aren't exactly known for humility. But how can you blame us when the Lone Star State keeps getting accolades? This time around, Area Development Magazine named Texas the best state for doing business.
Runners-up include South Carolina, Georgia and Alabama. Our neighbor to the north, Oklahoma, snuck it at no. 10. The ranking recognizes states with the highest level of "industrial competitiveness" based on the opinion of location consultants.
The magazine praised the state's diverse economy, skilled workforce and lack of income tax.
This is the second year in a row that Texas earned top honors from the magazine, which praised the state's diverse economy, skilled workforce and lack of income tax.
According to the magazine, Texas added 222,000 jobs in the last year and has "the best overall business environment" in the country. Contributing factors to Texas' success include incentives programs, speed of permitting, and access to capital and project funding.
Gov. Rick Perry tipped his hat to Texas in a recent statement about the ranking.
"I am very proud of the work state leaders have accomplished to make Texas the best place in the nation to live, work, raise a family and start a business," Perry said. "As a state, we will remain committed to upholding the pillars to our success, including low taxes, restrained spending, reasonable regulations and a fair legal system."