(Chief Executive Group: Greenwich, CT) -- For the eighth year in a row, CEOs rate Texas as the No. 1 state in which to do business, according to Chief Executive magazine’s annual Best & Worst States Survey, released May 2, 2012. Florida rose one spot to take the No. 2 rank, while North Carolina slipped to No. 3. Tennessee remained at No. 4, while Indiana climbed a spot to capture the No. 5 rank. For the worst states in which to do business, CEOs rated California as the worst at No. 50, then New York, Illinois, Massachusetts, and Michigan.

The Best & Worst States Survey measures the sentiment of CEOs on business conditions around the nation. For the 2012 survey, 650 CEOs from across the country evaluated the states on a broad range of issues, including regulations, tax policies, workforce quality, educational resources, quality of living, and infrastructure. The survey was conducted from Jan. 24 to Feb. 26, 2012.

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