Texas owns No. 1 spot for business

AUSTIN (KXAN) - CNBC will broadcast live from Katz's Deli throughout the day after ranking Texas the No. 1 state to do business.

The study considered each state based on 40 different measures of competitiveness, scoring each using publicly available data to determine the rankings.

States received points based on things like cost of doing business, workforce, economy and education .

Gov. Rick Perry said this ranking adds to the growing list of accolades for Texas, including being home to more Fortune 500 companies and being the nation's leading exporting state for the eighth year in a row.

"I'm a big believer that states ought to compete against each other, not letting the federal government come down here and make us all fit one form of health care or one form of education or all one form of billing transportation infrastructure," said Perry.

The governor, who is running for re-election this fall, said Texas created more private-sector jobs than any other state in the nation throughout the last 10 years - the amount of time he's been in office.

In addition, the unemployment rate in our state remained steady at 8.3 percent in May, well below the national average.

Perry's opponent, Bill White, responded that the state is prosperous "because Texans are hard-working and innovative," not because of Perry's leadership.

"Texas has been strong for generations because Texans are hard working and innovative," said campaign spokesman Katy Bacon. "Rick Perry is like a rooster who crowed and thinks he made the sun rise. Like a typical career politician, Perry will try to take credit for the work of others while ignoring the $18 billion budget deficit he helped create, a budget deficit that's endangering our economic future."