Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

1,193
Posts
968
Votes
Jim Cummings
  • Residential Real Estate Broker
  • College Station, TX
968
Votes |
1,193
Posts

Texas - Top State For Business

Jim Cummings
  • Residential Real Estate Broker
  • College Station, TX
Posted

Texas Best State For Business

ENGLEWOOD CLIFFS, N.J. (CNBC) – Texas snagged the top spot on CNBC's list of America's top states for businesses.

The Lone Star state scored 1,651 out of 2,500 points, making it the only state to be named a four-time winner since the study's creation in 2007. Texas has placed in the top five every year.

Texas ranked first in the economy category, up from 25th last year. The study cited the state's 5.2 percent GDP increase in the fourth quarter. Texas added over 350,000 jobs in the past year, meaning one in seven jobs created in the nation last year was created in Texas.

The state also took the top spot in infrastructure. Its lowest categorical ranking was number 37 for education.

The rest of CNBC's top five include Washington, Utah, Virginia, and Colorado.

User Stats

410
Posts
337
Votes
Douglas Larson
  • Rental Property Investor
  • Salt Lake City, UT
337
Votes |
410
Posts
Douglas Larson
  • Rental Property Investor
  • Salt Lake City, UT
Replied

I currently live in Utah and it's great to see my state in the top 5. However, way more important than a news organization's ranking is the creativity and tenacity of an individual, wherever they may live. I have lived in California most of my life and I spent many years in Hawaii. Both of those states regularly place low on the "affordability" and "business-friendly" charts. However, imaginative and hard-working people, who can create a good network and follow through on promises and projects always seem to find success. The 5 rentals and flips I did on Maui were great, early successes for me. 2 of my 5 flips in San Diego were some of my very best net profit deals at about 100K each.  was not the most lucrative but it sure added some fun to our family's summer!

I'm sure Texas (and Utah) are great for many reasons but I hope the BP Nation doesn't think they can't create some great business success right where they are!

Have fun out there!

  • Douglas Larson
  • Podcast Guest on Show #41