Foggy Business Climate Studies

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Don Baylor /(512) 320-0222 x 108

June 30, 2005

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Texas ranks relatively high on several “business climate” indices that compare state policies and outcomes related to economic growth and vitality. Texas’ low business taxes are often claimed to be a magnet for relocating businesses and a catalyst for interstate competitiveness and survival of existing firms. But in a new book, Grading Places: What do the Business Climate Rankings Really Tell Us? (, author Peter Fisher finds that these indices are neither useful for companies in selecting sites nor for state policymakers in gauging economic competitiveness.