AUSTIN – Texas has been named the top state for global trade by Global Trade Magazine. The Lone Star State, which has led the nation in exports for 11 consecutive years, beat out Florida and California for top honors in the magazine’s annual survey.
“Over the last 10 years, Texas has built one of the best job creation climates in the nation by committing to low taxes, smart and predictable regulations, fair courts and a maintaining a highly-skilled and educated workforce,” said Gov. Perry. “This combination has not only attracted businesses of all sizes from around the world, it has also given Texas the opportunity to grow and thrive.”
Global Trade’s survey compared production volume of small and midsize companies, which the magazine defined as a company with fewer than 500 employees. The survey ranked each state by the quality of its infrastructure and the regulatory hurdles placed on its companies.
“Texas’ success is no doubt a sum of its parts,” Global Trade wrote. “Its excellent infrastructure…its commitment to low regulatory burdens and the wealth of global enterprises already established among its many cities all make the state the undisputed frontrunner for global trade.”
In a separate report on the best cities for global trade, the magazine also named six Texas cities in the top 25, with Houston taking the top spot, followed by San Antonio, Dallas, Corpus Christi, Brownsville and Beaumont.
These rankings continue a decade-long trend of awards and recognitions for Texas’ strong jobs climate. Earlier this year, Texas was named best business climate by Business Facilities Magazine and most competitive state by Site Selection Magazine. Chief Executive Magazine has also ranked Texas as the best state for business for nine years in a row through their annual survey of CEOs.