81.1 F
Fort Worth
Saturday, September 26, 2020
- Advertisements -
Opinion In Market Being No. 2? Hey, it’s not so bad

In Market Being No. 2? Hey, it’s not so bad

Other News

Commentary: TCC Chancellor Eugene Giovannini: Maintaining Our Mission

Since our inception, one of Tarrant County College’s hallmarks has been our unwavering commitment to serving our community. As we all work to navigate...

Commentary: M. Ray Perryman: The Fed is taking largely unseen but essential action

The inevitable and unavoidable result of the extraordinary measures taken to curb the tragic health effects of the coronavirus has been a strong shock...

Commentary: Rising to the Challenge: Coronavirus Spurs Sacrifice and Generosity in Time of Need

These are difficult days. We’re frightened by the havoc COVID-19 may wreak on our families, friends, local businesses and the simple pleasures of life...

Analysis: Notes from a coronavirus hot spot

NEW ORLEANS (AP) — New Orleans is right outside my door. But I can't go out. Not much, anyway. My wife and I are...
Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

1 Utah

2 Texas

3 Colorado

4 Minnesota

5 North Carolina

6 Washington

7 Michigan

8 Georgia

9 Iowa

10 Florida

Want to see more?


Texans hate being No. 2, but that’s where we rank in the latest CNBC ranking of best states for business, released last week.

This is the Lone Star State’s fourth consecutive year to hold down the No. 2 slot after holding down the No. 1 slot in 2008, 2010 and 2012.

But, to be honest, in this case being No. 2 is not so bad. If you recall the oil bust years of the late 1980s, the state would have been well down the list with banking in a freefall, real estate prices in a runaway roller coaster and former oil barons hocking their ex-wives’ Picassos on the corner for a cup of soup.

According to CNBC, Texas’ strength is its economy, even in the midst of collapsing oil prices. We have diversified. While energy remains the state’s top economic engine, it is no longer all eight cylinders. Industries like health care and technology were but a faint gleam in George Kozmetsky’s eye in the era of stirrup pants and MTV. The Austin innovator and businessman began pushing for a diverse economy and, as this study reveals, he got it. Without his vision, Texas would be in a world of hurt.

But the state does have an Achilles heel, according to the study: education. According to the CNBC study, Texas ranks 40th this year, down from 28 a year earlier. CNBC says funding is lagging behind the rest of the nation. Quality of life issues also have an impact. Texas remains the most uninsured for health care in the nation, though things have improved under the Affordable Care Act.

If you want some solace at being No. 2, know that Chief Executive magazine released its annual Best & Worst States for Business survey in May and CEOs again rated Texas as the No. 1 state in which to do business, with No. 2-ranked Florida close on our heels.

- Advertisements -
- Advertisements -

Latest News

Letter from the Editor: The Big One

Military Museum of Fort Worth www.facebook.com/militarymuseumoffortworth/ I got one of the last...

Commentary: Empowering Seniors 2020 Goes Virtual

Empowering Seniors 2020 Cost: Free Location: Virtual event available on computers, tablets and smartphones

Commentary: Tourism is in the fabric of our city

Bob Jameson Visit Fort Worth National estimates show that COVID-19 has wiped out more...

Can Trump and McConnell get through the 4 steps to seat a Supreme Court justice in just 6 weeks?

Caren Morrison, Georgia State University United States Supreme Court...

Letter from the Editor: The Two Katies

On Sept. 12 I went to see the Fort Worth Symphony Orchestra and Asleep at the Wheel at the Will Rogers Coliseum....