Experts say Texas is among the top states for business but caution on saying it’s No. 1 -- as Gov. Greg Abbott has said.
The Tax Foundation ranked Texas No. 13 in itsand has consistently ranked Texas outside the top 10. Texas’ best ranking during Abbott’s tenure is No. 11 in 2016.
“There’s no one measure that can capture everything about a state’s business climate, but there’s no denying that Texas is highly competitive, with low taxes, low regulatory burdens, and a strong economy that attracts many businesses and individuals,” said Jared Walczak, vice president of State Projects at the Tax Foundation. “Unsurprisingly, governors across the country tend to highlight the rankings on which their states do the best.
Richard Alm, a writer-in-residence at Southern Methodist’s University Birdwell Institute for Economic Freedom, pointed out that Texas has always been among the most business-friendly states. Texas’ economy was considered among the best under former Gov. Rick Perry. “Basically, his claim really should be not that he did something to make Texas No. 1, but that he didn’t mess anything up that was already functioning quite well, in terms of the state economy,” Alm said, referring toThis is not the first time PolitiFact has fact-checked a governor or top elected official saying their state is the best for business. In 2017, former Georgia Lt. Gov. Casey Cagle, in running for governor, said Georgia was the No. 1 state for business.
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