With information from PRNewswire-
Chief executives, who favor pro-growth, low-tax states, ranked Texas, Florida and North Carolina as the best states in the U.S. for business, according to Chief Executive magazine's 2015 "Best and Worst States for Business" survey.
The top five states are all Southern.
In the annual survey, completed by 511 CEOs across the U.S., states are measured across three key categories to achieve their overall ranking: Taxes and regulations, quality of the workforce, and living environment, which includes such considerations as quality of education, cost of living, affordable housing, social amenities and crime rates.
In 2015, Texas remained the best state for business for the 11th year in row, followed by Florida, North Carolina, Tennessee, and Georgia.
Since the recession began in December 2007, 1.2 million net jobs have been created in Texas, while 700,000 net jobs were created in the other 49 states combined. According to one CEO, "California and Oregon are essentially anti-business, whereas Texas and Tennessee do everything possible to make business comfortable and more successful."
California ranked last in the survey, followed by New York, Illinois, New Jersey and Massachusetts.
CEOs gave these states the lowest ratings because of their high tax rates and regulatory environments. Says one CEO, "The good states ask what they can do for you; the bad states ask what they can get from you."
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