Third-term governor boasts the state's economy has been tops since 2015 when he took...
PolitiFact reached out to Abbott’s office and officials cited the Site Selection Magazine Governor’s Cup as their source. Site Selection is a well-respected business magazine, experts we spoke to said, that has been around since 1954, according to the magazine’s LinkedIn.
The magazine tracks projects through its Conway Projects Database and a qualifying project has to meet at least one of three criteria, according to Site Selection. They must have an investment of $1 million, create 20 or more new jobs or have at least 20,000 square feet of new construction.Site Selection awarded Texas the Governor’s Cup based on the"total qualified projects
," a March 1, 2023, announcement said. The magazine gives out multiple Governor’s Cup awards. Site Selection awarded Kansas a Governor’s Cup for the total number of qualified capital investment projects per capita. Site Selection ranked Texas No. 7 in that category — down from 2021 when the state ranked No. 6.
Experts told us Site Selection is a credible source for business rankings. But it is not the only source. CNBC, Forbes, the Tax Foundation and others provide annual rankings of states’ business climate using a number of factors. Several of these rank Texas among the top states year after year.PolitiFact is a fact-checking project to help you sort out fact from fiction in politics. Truth-O-Meter ratings are determined by a panel of three editors.
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