Dallas officials may use this information to entice new businesses to invest here. Brochure printing services are often asked to include the results of studies such as these.
States were ranked using the following metrics: Least economic stressors – 25%; emergency reserves and relief – 25%; financial and economic health – 20%; COVID-19 rates and healthcare infrastructure – 20%, and consumer confidence – 10%.
Texas ranked No. 3 among states with the best chance of recovering quickly from the pandemic’s economic fallout. The state was awarded the top position for emergency reserves and relief category, due most likely to Texas being awarded the second-highest endowment from the CARES Act with more than $10bn.
According to the report:
“The state also possesses adequate economic reserves and offers decent compensation for the unemployed. When these factors are combined with a relatively low cost of living and what is considered to be a pro-business environment, Texas just might be 'the case study for economic recovery from the COVID-19 recession.”
Ohio was ranked No. 1 among states best positioned for economic recovery. South Dakota came in second, just ahead of Texas, with Wyoming and New Mexico following in the No. 4 and No. 5 positions respectively. New York state came in last at No. 50.