Skip to main content

Texas Earns Top Spot in National Business Climate Ranking

Published Nov 07, 2023 by Hailea Schultz

Houston Skyline

Texas earned the No. 1 spot in Site Selection Magazine’s annual rankings of the top business climates in the nation.

The rankings are based on “a survey of corporate site selectors, qualified projects logged in the publication’s Conway Projects Database and independent measures of states’ attractiveness to capital investors,” according to Site Selection Magazine. Other factors included ease of permitting, availability of needed workforce skills, land, utilities and quality of life.  

Texas has consistently ranked in the top five, however, this year’s ranking marks the first time it has claimed the top spot since 2011. In addition to this new ranking, Texas also won Site Selection’s Governor’s Cup earlier this year, solidifying its 11th consecutive year as the nation’s top-performing state for job-creating business relocations and expansions.

“[These rankings are] a testament to the exceptional economic development professionals and chambers of commerce in Texas,” said Texas Governor Greg Abbott in a press release. “Texas is America's economic juggernaut, and we are now the eighth-largest economy in the entire world. We cut red tape, we have lower taxes, and we have the best workforce in the United States.” 

In an interview with Site Selection, Abbott highlighted two pieces of legislation signed this year that has bolstered the state’s economic development and ultimately contributed to this new ranking – the Texas CHIPS Act, which aims to accelerate semiconductor manufacturing in the state and the Jobs, Energy, Technology and Innovation Act, which offers a school property tax value limitation to attract large-scale economic development projects.

Abbott emphasized that Texas continues to attract top businesses due to competitive advantages that can only be found in the state including tax incentives and programs, access to global markets, robust infrastructure and predictable regulations. 

Additionally, Abbott pointed to Texas’ skilled, diverse and ever-growing workforce as a major contributor to its award-winning business climate. According to Abbott’s office, Texas’ labor force is the largest it has ever been with more than 15 million workers.

In September, Texas employers added 61,400 jobs, according to data from The Texas Workforce Commission and the Bureau of Labor Statistics. From September 2022 to September 2023, the state added 435,800 jobs at a 3.2% rate, faster than any other state. 

“The economic momentum we are seeing in Texas today is record-setting as our project pipeline continues to expand,” said Abbott. “Meeting the needs of employers is paramount to ensure Texas remains the top state for economic development and business climate.” 

Learn more about Texas’ Business Climate.

Related News

Economic Development

Houston Day: Bridging Houston and Texas Lawmakers

12/20/24
What does it take to showcase Houston’s extraordinary contributions to Texas? For the Greater Houston Partnership, the answer was Houston Day. The transformative event gave state legislators a firsthand look at the industries and innovations driving one of the most dynamic regions in the country. Over two days in early 2024, 57 Texas lawmakers and other attendees explored Houston’s core sectors, experiencing the city’s impact on the state’s economy and culture. The event wasn’t just a tour but a strategic opportunity to connect lawmakers with the people and industries shaping Texas’ future. A Journey Through Houston’s Vital Sectors The experience began at Port Houston, a hub of economic activity essential to Texas’ position as a global trade leader. Legislators saw the port’s operations up close and learned about the evolution of the Houston Ship Channel, the energy transition, and the Coastal Texas Program’s flood mitigation efforts. From there, the focus shifted to Houston’s renowned space industry. Visits to the Johnson Space Center-NASA and Space Center Houston highlighted Houston’s legacy of innovation and the recent investments fueling the Texas Space Commission. The day concluded with a private dinner at Minute Maid Park, where Mayor John Whitmire underscored the importance of collaboration between local and state leaders. Showcasing Innovation and Heritage The final day of Houston Day spotlighted Houston’s cutting-edge advancements and cultural heritage. At Air Liquide’s La Porte Hydrogen facility, legislators explored groundbreaking technologies driving the energy transition. Later, a visit to the Texas Medical Center’s Helix Park showcased Houston’s leadership in medical research and health care innovation. The event culminated at the Houston Livestock Show and Rodeo, celebrating the rich cultural fabric of Texas. Why Houston Day Matters “I was honored to showcase Houston’s vibrant contributions to the economy, space innovation, and leadership in the medical and energy sectors to my colleagues at the Legislature. It’s no longer just words on a page or something discussed in a committee meeting—they’ve experienced it all.” -State Senator Carol Alvarado. For the Greater Houston Partnership, Houston Day was a resounding success. By connecting lawmakers directly with Houston’s industries, the event reinforced the city’s significance to Texas and laid the groundwork for future collaboration. By the Numbers: 57 legislators and four state agencies in attendance 162 total attendees 180+ miles traveled, covering over $1 trillion in economic impact 20+ industrial and commercial sectors highlighted Eight stops representing approximately $252.5 billion in state investments Houston Day exemplifies how the Greater Houston Partnership brings leaders together to build understanding, foster collaboration, and drive progress for the region and beyond. Learn more about the Partnership's public policy efforts. Download the Partnership's 2024 Impact Report.
Read More
Economic Development

San Jacinto College and CellReady Launch Program to Accelerate Cell Therapy Workforce Development

12/17/24
PASADENA, Texas – The San Jacinto College Center for Biotechnology has partnered with CellReady, a privately held cell therapy contract development and manufacturing organization, to launch an innovative, fast-track training curriculum for new hires in biomanufacturing. This four-week program is designed to significantly shorten onboarding time for manufacturing associates, providing them with concentrated and rigorous hands-on training to jumpstart their readiness to work in advanced cell therapy manufacturing.  Over the course of the program, trainees undergo 160 hours of both theoretical and practical, hands-on learning that cover the fundamentals of biomanufacturing through the operation of advanced workflows. The curriculum prepares new hires for the production of cell therapies, a cutting-edge cancer treatment, using the G-Rex cell production platform. The training, which took place at CellReady’s manufacturing site in Houston, was delivered by San Jacinto College Biotechnology faculty members, in collaboration with CellReady’s training team. “To our knowledge, this is the first collaboration of its kind between a community college and a cell therapy manufacturer to develop an intensive onboarding curriculum tailored specifically for cell therapy manufacturing technicians,” said Dr. Chris Wild, San Jacinto College assistant vice chancellor of biotechnology. “Together with CellReady, we’ve created a path to rapidly train professionals with advanced, hands-on techniques, using the G-Rex cell production platform, which is widely used in the industry today.”  This joint initiative provides clear benefits to all stakeholders. For San Jacinto College, it underscores the institution’s commitment to meeting industry needs with innovative, real-world training.  CellReady gains a streamlined, effective approach to onboarding that enables new technicians to make an immediate impact post-training. At the conclusion of the program, trainees are equipped with the skills and knowledge needed to manufacture cell therapies. Dr. Ignacio Nunez, CellReady’s chief operating officer, was impressed with the training provided and the speed that employees were able to grasp the critical components of the manufacturing process, stating “Thanks to the training program developed and delivered by San Jacinto College and CellReady, we were able to provide our new hires with the essential knowledge and skills to work in a GMP environment. In collaboration with San Jacinto College, we have debottlenecked operator qualification and made great strides toward our mission of bringing more of these life-saving therapies to patients one G-Rex at a time.” “This program not only equips new team members with qualifiable skills to contribute immediately upon completion of the training program, but it also sets a new standard for how training can be delivered in a highly regulated field,” said Dr. Nicole Bradley, program director for the Center for Biotechnology. The program’s success has inspired plans for additional training sessions to onboard future manufacturing professionals at CellReady, further strengthening the relationship between San Jacinto College and CellReady. The training curriculum for cell therapy developed in collaboration with this industry leader will be available as a program offering through the San Jacinto Center for Biotechnology. About CellReady CellReady is the world's first and only G-Rex centric contract development and manufacturing organization (CDMO) specializing in G-Rex based cell and gene-modified cell therapy development and manufacturing. The company offers a wide range of services to support the development and commercialization of these therapies. CellReady's mission is to create hope for cancer patients, one G-Rex® process at a time. About San Jacinto College Surrounded by monuments of history, evolving industries, maritime enterprises of today, and the space age of tomorrow, San Jacinto College has served the people of East Harris County, Texas, since 1961. The College is one of the top 10 community colleges in the nation as designated by the Aspen Institute and was named an Achieving the Dream Leader College of Distinction in 2020. The College is a Hispanic-Serving Institution that spans five campuses, serving approximately 45,000 credit and non-credit students annually. It offers more than 200 degrees and certificates across eight major areas of study that put students on a path to transfer to four-year institutions or enter the workforce. The College is fiscally sound, holding bond ratings of AA+ by Standard & Poor’s and Aa2 by Moody’s.
Read More

Related Events

Executive Partners