According to Chief Executive Magazine, South Carolina is now the fifth best state in the U.S. to run a business, moving up from its 2013 ranking of eighth. In their 10th annual survey, the magazine questioned over 500 CEOs across the U.S. asking them to grade states with which they were familiar on measures including tax and regulatory regime, the quality of the workforce, and the quality of the living environment. Texas continues its 10-year historical position as the best state overall; but Florida, which ranks No. 2, is edging up and even overtaking Texas in its quality of living environment. Tennessee edged out North Carolina to take third place with North and South Carolina respectively capturing 4th and 5th place.