Why Texas

WHY TEXAS?

With its vibrant economy, favorable living conditions, and business-friendly government, Texas is the best state to locate your business:

 

  • No corporate or personal state income tax
  • Home to more than 50 Fortune 500 companies
  • With more than 13 million workers, Texas has the nation’s second largest civilian labor force
  • If Texas were a nation it would rank as the 10th largest country in world based on GDP, ahead of Russia, Australia, Spain and Mexico
  • Central U.S. location facilitates business in U.S., Canada and Latin America
  • CST time zone extends working day for bi-coastal companies—one hour earlier than East coast and two hours ahead of West coast
  • “Best State for Business” 12 years in a row by Chief Executive Magazine
  • #1 exporting state 16 years in a row
  • Cost of living below national average
  • Located in “sun belt” with moderate climate
  • Top-ranked destination for foreign direct investment (FDI)
  • #1 Technology exporting state (more than California) 

  

Source: Texas Economic Development Corporation; Office of the Governor, Texas Economic Development