A business research magazine has released its annual list of the Best and Worst states as favored by business executives, ranking Tennessee at number 4.
“Chief Executive” surveyed over 500 leading CEOs across the country making measuring in three categories: tax and regulation, workforce quality, and living environment. That last category includes education, cost of living, affordable housing and crime rates.
Texas took the top spot, followed by Florida, North Carolina and Tennessee, which was in the number 3 spot last year.
CEOs say they picked the Volunteer state for its low taxes and Right-to-Work status calling it a hotbed for automotive manufacturers.
Kentucky ranked in at 28 with CEOs noting a high-value living environment, but concern about tax and strong regulatory policies.
Illinois maintained its rank amongst the worst states at number 48.
See a full-listing of Chief Executive rankings here