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Texas Ranked Number One Place to Do Business

Rhode Island comes in last place

By Ty Pressley and Lindsay Wilcox

| Wednesday, Jul 11, 2012 | Updated 6:49 PM CDT

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Lindsay Wilcox, NBC 5 News

According to CNBC, Texas is America s top state for business this year.

Texas is No. 1 Place to Do Business

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According to CNBC, Texas is America’s top state for business this year.

The study awards points for cost of doing business, workforce, quality of life, infrastructure and transportation, economy, technology and innovation, business friendliness, access to capital, and cost of living.

Those are many of the reasons Dave Sessions with Ferris Manufacturing Corporation says his company moved from Chicago to Fort Worth in June.

"They were aggressive. In fact, we had someone from the governor's office come to Illinois, toured our plant, saw our facilities, and they made a real strong effort to get us down here," said Sessions.

The company received several hundred thousand dollars in incentives through the Texas Enterprise Fund and got a tax abatement from the City of Fort Worth.

David Berzina with the Fort Worth Chamber of Commerce says with twelve large cities vying for business like Ferris throughout North Texas, the competition is fierce.

"We keep each other's business practices sharp, and we're always out there swinging the bat trying to create new opportunities for our citizens," said Berzina.

Texas has finished first in the annual ranking two other times since 2007. Rhode Island came in last place, with Hawaii trailing right behind in 49^th place.

To see the complete list, check out the full story on CNBC.