Report Ranks 2016 Best and Worst States for Business

CEOs placed the Illinois business environment the 48th out of 50 worst in which to do business, while Texas took the top position, according to Chief Executive magazine's annual Best & Worst States for Business survey.

The Best & Worst States for Business survey gauges the sentiment of CEOs on a variety of measures that they themselves have viewed as critical. These include the tax and regulatory regime, the quality of the workforce, and the quality of the living environment. The rankings are crucial, as CEO sentiment drives investments in offices, factories and other facilities that bring jobs to a region.