For the first time since the ratings began in 2007, Texas has dropped out of the Top Five in CNBC's latest Top States for Business rankings.
This time around, Texas ranks #6, about five points behind Minnesota. North Carolina, Virginia, Tennessee and Georgia are the top four.
The business network's Texas rankings declined in key categories like infrastructure, education, and life, health, and inclusion but the state continues to be a leader in economy and workforce.
CNBC says the Texas power grid issues, rising crime, poor health care, and a rollback of diversity, equity and inclusion, all contributed to the declines.
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