Texas has been ranked fourth in the latest study of America's Top States for Business by CNBC, released on July 9. This marks a decline from its previous position at second place.
Ohio has taken the top spot for the first time, followed by North Carolina in second place, Virginia in third, and Minnesota rounding out the top five. Texas continues to excel in several key areas, holding the number one ranking for Workforce and second place for both Economy and Access to Capital. The state's extensive logistics network, including major ports and airports, supports its status as a major trade hub. Additionally, a favorable tax environment and ongoing corporate investments help maintain Texas's competitive edge.
However, CNBC's study highlights challenges for Texas in terms of livability, ranking it 49th for Quality of Life due to high crime rates, inadequate healthcare, and issues of inclusivity. This negatively impacts the state's overall score, which assesses all 50 states across ten competitiveness categories. Despite slipping from second to fourth place, Texas has consistently ranked highly since the study's inception in 2007.
In North Texas, including Fort Worth, this ranking coincides with a surge in corporate relocations and expansions. The Dallas Regional Chamber reported 119 corporate moves or expansions in the region during 2025, the highest of any U.S. metro area.
The ranking's strengths, a top-rated workforce and business investment, play out across North Texas communities including Fort Worth.
