Business Climate Report There’s a reason Texas is widely considered the best state for business. Our business climate and highly talented workforce continue to lure new industries to our state, making us one of the largest economies in the country and the 9th largest economy in the world by GDP. More people move to Texas every day than any other state in the country. Key attributes of the DFW region: Affordable real estate (both commercial and residential). Well-qualified and plentiful workforce. Pro-business environment. Highly accessible transportation (freeways, tollways, air and rail) with four, local, existing light-rail stations and two new stations by 2025. Reliable, high-capacity utilities. Superb quality of life for people of all ages and ethnicities. Abundance of sports and recreational venues, events, music, arts and cultural amenities. Cost of Doing Business* in Select Cities (100 = U.S. Average) City Cost New York 153.4 San Francisco 188.1 Boston 134.9 Seattle 111.3 Chicago 101.8 Houston 96.6 Phoenix 103 Miami 114.3 Dallas 100 Source: Dallas Regional Chamber, 2022 Economic Strength For the 13th year in a row, both Standard & Poor’s and Moody’s credit rating agencies have reaffirmed Richardson’s “Triple A” status, the highest possible rating available for credit worthiness. We've held AAA status from Standard & Poor’s for 15 years now, and this is the 13th year in a row the we've received an AAA rating from Moody’s. For more information, click here.