Texas has the best business climate in the nation, according to a study by New York–based marketing company Development Counsellors International (DCI).

In a poll of 281 corporate executives across the country, 40.8 percent of respondents said Texas had the most favorable business climate, citing a strong labor market, low operating costs and a pro-business climate.

North Carolina ranked second, while Georgia was third.

DCI’s survey was sent to a random selection of 3,591 U.S. companies with annual revenues of at least $25 million.

Source: San Antonio Business Journal