Texas Named Top State for Business

By Albert Bozzo
|  Tuesday, Jul 13, 2010  |  Updated 3:45 PM CDT
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Texas Named Top State for Business

Texas has won CNBC’s Top States for Business for the second time in three years, edging out 2009-winner Virginia.

Texas managed a total score of 1508, out of a possible 2439, vs. Virginia's 1477.

Texas moved up in three of the 10 categories in the 2010 edition, while finishing first in two of them, including an impressive 270 out of 314 possible points in the Economy one

The state also captured the No. 1 spot in Transportation & Infrastructure.

Texas made the Top 10 in three other categories: Technology & Innovation (4), Access to Capital (7) and Cost of Living (8).

Education (30) and Cost of Doing Business (30) remained weak spots.

In 2008 when Texas beat out Virginia for the No. 1 spot. In 2007 and 2009 finished second in the rankings.

Over the first years of the study (2007-2009), Texas has been one of the most consistent performers: Economy (1,1,1); Transportation & Infrastructure (1,1.5) Access to Capital (3,3,4); Technology & Innovation (3,4,5); Cost of Living 7,3,4), Education (30,30,31); and Business Friendliness (20,20,24). A point here and a point there and they could add up to victory.

See other top states here

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