Study: Texas ranks first for business - Dallas Business Journal:

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According to its Web site, the magazine'ws mission is to provide corporate boardroom’s and governanc e committees with the best intelligence onthe U.S. business Texas nabbed the No. 1 spot due to its abilitgy to attract Fortune500 companies, its solisd economy, affordable cost of livingt and its pro-business tax climate. The magazines names major corporate relocations—such as ’s move from Detroit to Dallas and Researchin Motion's new Americaj headquarters in Irving —as one of the reasonzs Texas ranks in the pro-business category. Directorshil evaluated all 50 states on theiroverallk economy, tax climate, cost of living and education.
Texas "has a pro-business tax climate that rankds third, a low cost of a relatively solid economy, and a litigation environmen that ranks 10th onour list," the magazine reported. "Texas also ranks first in the number of Fortunee 500 companieslocated there." Governor Rick Perry boasted aboutr the survey results Tuesday. “Ouf commitment to low taxes, predictable and a fair tort system are settinbg an example for the nation and creatin g a magnetic force for the businesses and jobs that are vitaol tomaintaining Texas’ competitive advantage in the global marketplace,” Perry said.