Why Texas is the Best Place for Businesses to Thrive

Texas offers businesses a skilled workforce with low taxes and competitive incentives. Learn why businesses should move to Texas and take advantage of its world-class geographical location.

Why Texas is the Best Place for Businesses to Thrive

Texas is a great place for businesses to thrive, with its skilled and growing workforce, low taxes, competitive incentives, and attractive climate. The Texas Gulf Coast is an ideal spot for recreation, with 3,300 miles of coastal snakes along the state's coast, islands, bays, and river mouths. Californians are no more likely to move to Texas than other interstate migrants, but due to California's large population, more Californians come than from other states. Chief Executive magazine has ranked Texas as its best state for business for 10 consecutive years due to its low taxes and friendly regulatory structure.

This is why Toyota and Charles Schwab have moved their corporate headquarters from California to Texas; Apple has begun construction of a new Austin campus; and SpaceX has continued to invest statewide in offices, development and space facilities launch. Texas has been growing at twice the rate of the United States for the past century based on decadal census rates. The state has no state income taxes, which is a blessing for residents of other tax-burdened states. Texas also has tools such as the Texas Business Fund, a “deal closing fund” for projects that offer significant projection of job creation and capital investment to ensure the growth of Texas businesses and create more jobs in Texas. North Texas is home to 24 headquarters of Fortune 500 companies, including powerful organizations such as AT&T, ExxonMobil, American Airlines and CBRE Group.

Land in Texas costs about 40 percent cheaper than the national average. As a global leader in economic development, Texas is committed to working with employers around the world to ensure ideal conditions for job creation and economic prosperity. With its skilled workforce, low taxes, competitive incentives, attractive climate, and world-class geographical location, it's no wonder why businesses are flocking to Texas.

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