From a skilled, growing workforce to low taxes and competitive incentives, everything is bigger and better in Texas.
From a civilian workforce of more than 15 million, to unrivaled investment in accessible infrastructure, to one of the nation’s largest deal-closing funds — Texas is proud to offer the most advantageous business climate for expanding and relocating companies. It’s why Toyota and Charles Schwab have moved their corporate headquarters from California to Texas; Apple has opened a new Austin campus with the ability to grow to 15,000; Tesla relocated their headquarters to Texas and SpaceX has continued to invest throughout the state in office, development and space launch facilities.
Texas offers businesses the freedom to be successful and for their employees to be successful. Texas has no personal or corporate state income tax and a reasonable regulatory climate. Chief Executive Magazine has ranked Texas “the #1 state for business” for 20 consecutive years. Amazon, Tesla, HP, and Oracle have all moved to or expanded their operations in Texas. When combined with steady employment and income growth, forecasters rank Texas first in the nation for five-year growth projections.
Other reasons businesses choose Texas:
Texas offers a range of incentives for businesses:
These are just a few of the many generous incentives the state offers to reward local companies. Texas offers a wide variety of nonprofit and government-backed programs that provide funding to large and small businesses.
For years, Silicon Valley in California has attracted businesses with its pleasant climate, educational opportunities, and booming tech industry. However, numerous Texas cities have emerged as ideal solutions to California’s high taxes, costly real estate, and restrictive regulatory environment.
Small businesses in Texas regularly see significant growth year-over-year. Entrepreneurs who have moved here frequently comment on the positive differences they see, not only with their bottom line, but also in their quality of life. In Texas, they enjoy low taxes, quality education, beautiful spring and fall weather, and a vibrant culture. When employers are “off-the-clock,” they enjoy a range of cultural offerings, from state parks, lakes, rivers, rodeos and working ranches, to live music, wineries, museums, and art galleries.
The Texas Economic Development Corporation (TxEDC) is an independently funded and operated 501(c)(3) nonprofit organization responsible for marketing and promoting Texas as a premier business location. Along with the Governor’s Office of Economic Development & Tourism (EDT), these two highly focused organizations make up the cornerstone of Governor Greg Abbott’s economic development strategy to build a stronger Texas.
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