Veteran Waco economist Ray Perryman is used to seeing an annual parade of the best corporate rankings that bring Texas to the top.
These rankings shape the perception of the state’s business climate – a long-standing selling point that is touted by politicians and economic development experts alike.
That is why Perryman finds a current ranking “extremely worrying”.
Texas fell to fourth place in CNBC’s annual ranking of the best economic states, and lost two places in its 2019 ranking. Virginia, North Carolina and Utah beat Texas. The network did not create a 2020 ranking because of the pandemic.
Click here to learn more about Texas’s ranking and what caused our partners to decline on the Dallas Morning News.
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