Alabama has the 30th-best overall state business climate, according to a recent survey of hundreds of CEOs and owners from across the country.
According to the recently-released 2023 Chief Executive Best and Worst States for Business, Alabama's ranking since last year rose four spots from 34 to 30.
The top three spots in the ranking went to Texas, Florida and Tennessee.
"Among the chiefs surveyed for the 2023 rankings, Florida actually picked up a bit of ground versus No. 1 Texas. But still, it did not overtake the Lone Star State," Chief Executive's Dale Buss wrote. "Texas once again lands at the top of our poll of U.S. CEOs—as it has every year since Chief Executive began compiling the list in 2001. The state's combination of business-friendly policies, growing cities, a rising professional class, and a direct appeal to CEOs who aren't happy with California continues to keep Texas at the head of the class. Tennessee also repeats as No. 3 in state business climate in CEOs' assessments. North Carolina, at No. 4, and No. 5 Arizona flipped spots this year. No. 6 Indiana has become a mainstay near the top as well."
Chief Executive's rankings are compiled from the opinions of CEOs and business owners in the United States. Nearly 700 CEOs, with representation from every state, participated in this year's survey, conducted in January 2023.
According to Chief Executive, "while tourists may know Alabama for its beaches and sweet Southern hospitality, CEOs increasingly acknowledge the state for its growing port and business-friendly policies."
"In addition to tech and healthcare, the electric vehicle industry has made big strides here in the past couple of years," the outlet said. "Mercedes-Benz now produces EV batteries in Tuscaloosa, and Hyundai is making the all-electric Genesis GV70 SUV in Montgomery. Toyota and Honda, both of whom have significant operations in the state, are starting to explore the EV market."
To connect with the author of this story or to comment, email caleb.taylor@1819News.com.
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