Texas boasts the best business climate in the country, according to a new survey of U.S. corporate executives conducted by Development Counsellors International (DCI). It was the fifth consecutive time the Lone Star State has ranked first in the survey.

DCI said Texas was the “clear-cut favorite” among the 322 survey respondents, with 49.4 percent identifying the state as having the most favorable business climate.

The corporate decision-makers who named Texas as having the most favorable business climate most frequently cited “tax climate” (44 percent), “pro-business climate” (31 percent) and “economic development support/incentives” (15 percent) as reasons for their positive perceptions.

Coming in behind Texas was North Carolina at a distant 27.8 percent, South Carolina with 14.3 percent, Florida with 13.9 percent and Tennessee with 13.5 percent.

Conducted every three years, DCI’s “Winning Strategies in Economic Development Marketing” survey has tracked trends in economic development since its inception in 1996.

Source: Development Counsellors International