- Houston ranked 7th in the nation for number of "megabusinesses" with over 2,500 employees, with 33 located in the greater Houston area. - Texas was named as having the best business climate in the US for 2011 by Site Selection magazine, based on factors like taxes, assistance to businesses, and lack of red tape. - The November edition of Site Selection magazine named Texas as the state with the best business climate in the U.S. in 2011, beating out North Carolina which had held the top spot for the past 10 years.