Texas no longer top state for business: study

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A new CNBC study shows Texas is no longer a top state for business. The article highlights Texas' stance on abortion and LGBTQ rights as some of the reasons for its falling out.

Democratic analyst Ed Espinoza and Matt Mackowiak, chair of the Travis County Republican Party, joined FOX 7 Austin's Mike Warren to discuss.Well, the criteria that CNBC has been using for years and years and years, where Texas has always been in the top five and often being the first position was changed, and it is now included social issues that really have nothing, almost nothing to do with conducting business. You could say that some employees may like it, other employees may not.

No, because again, as I said, they changed their criteria to inject social issues into consideration about whether a state is considered pro-business or not. Look, the challenge with this, this study is it's believed by the data. I mean, the data shows that Texas is booming. The people are voting with their feet. The corporations are moving here, whether it's in tech, whether it's in finance, whether it's in health care.

 

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Texas slips again in CNBC ranking of top states for businessAfter topping the ranking in 2018, Texas has lost ground every year since then. It placed second in 2019, fourth in 2021, fifth last year and sixth this year....
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