America's Top States For Business

2. Texas

Category Score 2014 Rank 2013 Rank
Cost of Doing Business25123 (Tie)35
Workforce1921111
Quality of Life1143741
Infrastructure & Transportation2541 (Tie)1
Economy32611
Education732710
Technology & Innovation25422
Business Friendliness1212020
Cost of Living3318 (Tie)9
Access to Capital235 (Tie)3
Overall164122

Economic Profile

Governor: Rick Perry, Republican

Population: 26,448,193

GDP growth: 3.7 percent

Unemployment rate (May 2014): 5.2 percent

Top corporate tax rate: 0 percent

Top individual income tax rate: 0 percent

Gasoline tax: 39 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: H-E-B Grocery Co.

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics

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