6 Ways States are Luring Small Business

By: Elaine Pofeldt, CNBC

Which states are the most attractive to small businesses? And why are businesses flocking to certain parts of the country? There are plenty of ways that states and cities can remain competitive when building and keeping a strong economy.

One way, according to Visio CEO Jeff Ball is to focus on a well-educated labor pool. Based in Austin, Texas Visio has been able to attract and retain top talent from the University of Texas system.

"Our business is really driven by our people," said Ball. "There is a pretty good balance of supply and demand here in Texas." And the cost of living, while not cheap, isn't prohibitive to recent graduates, he noted. "Texas is a pretty affordable place to live," said Ball. "It's an attractive place for millennials to come."

Read the full article here.