Texas tumbles out of CNBC's top five states for business for first time in ranking history

[LetMyPeopleVote]

Thank you Greg Abbott

Link to tweet

https://www.houstonchronicle.com/business/article/texas-tumbles-top-states-business-18194898.php

Texas is no longer a top-five state for business, according to an influential annual study, dimming a source of pride for its politicians.

The state ranked sixth on CNBC’s 2023 America’s Top States for Business, released Tuesday, trailing No. 1 North Carolina, Virginia, Tennessee, Georgia and Minnesota. It’s the first time Texas has not appeared in the network’s top five since the annual survey began in 2007. It also continues Texas’ slide that began with a fall to second in 2019, to fourth in 2021 and to fifth in 2022. The survey wasn’t conducted in 2020 because of the pandemic......

But the state was dinged for a variety of issues in other categories, including concerns about its power grid, its aging water utilities, skimpy per-pupil school spending, rising housing costs and controversial social policies including one of the strictest abortion bans in the nation and what CNBC called an ongoing “crackdown” on LGBTQ+ rights.

“For all of Texas’ strengths, serious problems are worsening,” CNBC said in a standalone article examining the state’s slide. ....

Compared with 2022, Texas tumbled to 24 from 14 for its infrastructure, to 35 from 21 for education, and to 50 from 49 in CNBC’s life, health, and inclusion ranking, which considers access to health care, crime rates and “culture wars,” among other quality of life issues. Such considerations are an “economic imperative,” CNBC noted in a piece explaining the study’s methodology: “With workers in short supply, companies are seeking to locate in states that can attract a broad array of talent.”

[Lonestarblue]

1. Add to the list of failures no significant public transportation inmost major cities.

The oil billionaires prevented public transportation for decades. Now the cost of adding it is prohibitive at the same time as many highways are vacant ritual parking lots for much of the day. Every neighborhood that skirts around freeways in Austin is now full of speed barriers to discourage drivers from trying to get around heavy traffic.

The state has been appealing because of no income tax, but property taxes are now so high that many states have lower total state taxes.

[markodochartaigh]

2. For a $100,000 house south of Dallas

my taxes were a little over $4,000, most of that school taxes. I never had any children, but I thought that maybe paying school taxes would keep the kids from becoming delinquent and breaking into my house and car. That didn't work out.

[LudwigPastorius]

3. "Texas tumbles out of CNBC's top five states for business"

Well, that depends on what business you are in.

Praise be, and pass the collection plate.

[Paladin]

4. Way to fire, Abbott. (nt)

[Grins]

5. Found it!!

I knew it would be there - the reasons why:

“…its power grid, its aging water utilities, skimpy per-pupil school spending, rising housing costs and controversial social policies…”

BOOM! All the things blue states do as a matter of course. Infrastructure to include those who will use it.

[RVN VET71]

6. How long before Abbott's "government" claims CNBC has been weaponized

to promote the liberal agenda -- and, by inference, the gay, socialist agenda?