Texas continues its streak at the top of Chief Executive magazine’s ranking of the best and worst states for business.

The Lone Star State has held the top spot as the best state for business since the ranking was unveiled ten years ago.

More than 500 CEOs participated in this year’s survey, which took into account taxes and regulations, workforce quality and quality of life.

Texas was noted for its booming 4.8 GDP growth, low unemployment, growing population and low taxes.

Second-ranked Florida is catching up as of late, “overtaking Texas in its quality-of-living environment,” according to the report.

Source: Austin Business Journal