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No. 2 again, Florida still pressing No. 1 Texas in CEO survey of best business state

Chief Executive magazine, Gov. Rick Scott's preferred publication when citing Florida's economic status, once again declares Florida trails only Texas in an annual ranking of best states for business.

The good news is Florida outranked 48 other states in the magazine's annual assessment. The bad news is Texas, Scott's chosen state to pit Florida's business allure against, is still No. 1.

Texas and Florida have held the top two spots in the magazine survey, this year of 513 CEOs nationwide, for the past 12 years. If little else, the consistency is a testament to resilience of the two Sunbelt states' to stay on top in the eyes of top management.

Since Chief Executive only surveys CEOs, states that rank highest tend to offer businesses low taxes and little regulation. "Despite having been hit hard by the shale energy bust, Texas is still held in high esteem by CEOs for its favorable economic reforms," the magazine states. "But each year, Florida steadily edges up in the qualitative measures."

Ohio jumped in the rankings to No. 10 this year, up from No. 22 last year. Louisiana plummeted to No. 37 among states, down 30 spots from No. 7 last year. The magazine cited the state's "current $940 million budget disaster."

California ranked last at No. 50 in the annual survey. The state also happens to have created the most jobs (420,800) in the past 12 months, according to federal data.

The best, worst states for business

Best 5 states:

1. Texas

2. Florida

3. North Carolina

4. Tennessee

5. Indiana

Worst 5 states:

46. Connecticut

47. New Jersey

48. Illinois

49. New York

50. California

Source: Chief Executive magazine 2016 survey "Best & Worst States For Business"

No. 2 again, Florida still pressing No. 1 Texas in CEO survey of best business state 05/09/16 [Last modified: Monday, May 9, 2016 11:41pm]
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