Historically, Texans have always been a proud bunch, and it seems nowadays, we've got more to be proud of than ever.
Recently, the Lone Star State was once again named America's Top State for Business 2010 by CNBC. The ranking rates states on 40 measures of competitiveness in 10 key categories, including quality of life, business friendliness, economy, education and workforce. Texas stands out because of its business-friendly environment, low taxes, fair regulatory system and relatively low unemployment.
We know everything is bigger in Texas and our economy is no exception. With 57 Fortune 500 companies (tied with California for the state that has the most) Texas also has claimed the top spot in CNBC's economy category for four consecutive years. Another recent study by Portfolio.com shows Texas created more than 474,000 private sector jobs in the last five years - also more than any other state.
Texas has also been recognized for avoiding the worst of the real estate crisis. The Texas Mortgage Bankers Association confirms that delinquency and foreclosure rates are significantly lower in Texas than in other states.
Like all Texans, I've always been proud of my state. And a healthy business climate only adds to our long list of bragging rights.