DOING BUSINESS IN TEXAS

Texas Economic Development & Tourism
(512) 936-0100
adriana.cruz@gov.texas.gov
gov.texas.gov/business

Doing business in TexasTexas proudly ranks as the eighth-largest economy in the world. With a skilled and diverse workforce, easy access to global markets, reasonable regulations, and an exceptional quality of life, we are focused on remaining the best state for business in the nation.

— Adriana Cruz, Executive Director,
Texas Economic Development & Tourism
Doing business in Texas
From its cities to its wide open spaces, Texas offers the freedom for businesses and talent to grow and thrive. (Photo: Adobe Stock / jdross75)

  TARGETED GROWTH SECTORS

Advanced Manufacturing: Texas is where tomorrow’s technologies are brought to life. As the #1 state in the U.S. for high-tech exports, Texas is leading in semiconductor, automotive, aerospace manufacturing, and more.


Biotech & Life Sciences: Recently selected by ARPA-H as a location for a national health care research hub, and home to a robust network of world-class academic institutions, Texas is a global force in biotech and life sciences.


Corporate Services: Known as the headquarters of headquarters, Texas is home to 55 Fortune 500 corporate headquarters—more than any other state—as well as a robust corporate services workforce.

  TOP PROJECTS

COMPANY
CITY
INVESTMENT
NextDecade Corp
Brownsville
$18 billion
Sempra Infrastructure
Port Arthur
$13 billion
Chevron Phillips
Orange
$8.5 billion
ExxonMobil
Beaumont
$2 billion
Graphic Packaging International
Waco
$1 billion

FEATURED LOCATIONS

Big Spring Texas

From logistics and oil and gas to agriculture and renewable energy, Big Spring’s central West Texas location, access to I-20 and the Ports to Plains Corridor, available space, low tax base and access to a young and talented workforce, sets your business up for success.

Bonham Economic Development CorporationOne of the four cities in the Texoma Partnership high-tech corridor, Bonham offers natural beauty, recreational facilities, lifestyle amenities, and unparalleled opportunity. The city benefits from exceptional transportation links enabling the swift movement of traffic between Bonham and Sherman via Highway 82 and Dallas-Fort Worth via Hwy 121 – Sam Rayburn Freeway.

Hamilton Economic Development CorporationThe Hamilton Economic Development Corporation (HEDC) consists of seven dedicated board members who serve as ambassadors to the community. Primary responsibilities include small business and entrepreneurial recruitment, collaborations for career opportunities, and promoting tourism. Diverse backgrounds, extensive knowledge, and real-world experience set this corporation apart from others, making Hamilton a premier Hill Country community.

Irving EDPThe Irving Economic Development Partnership (IEDP) collaborates with businesses to make North Texas one of the most dynamic regions in the U.S. IEDP has a record of assisting businesses large and small. With world-class amenities, a skilled workforce, and central location, it is no wonder Irving-Las Colinas is Texas’ “Headquarters of Headquarters.”

 


Lubbock EDA Texas

With a connection to national and international markets, 12,000 graduates a year and an  affordable cost of living, leaders looking to take business to the next level are met with endless opportunities and means of collaboration in Lubbock.

Greater New Braunfels Chamber of CommerceThe New Braunfels Chamber of Commerce provides a confidential, single point of contact to businesses looking to create new jobs in New Braunfels. We manage partnerships with businesses and local government, and operate from a shared strategic plan. Our partners include the City of New Braunfels and its EDC, Comal County, New Braunfels Utilities, and the Economic Development Foundation.

Pflugerville Community Development CorporationThe Pflugerville Community Development Corporation, a Texas 4B Economic Development Corporation, utilizes a half-cent sales tax from Pflugerville purchases to boost the city’s economic growth. Its mission is funding projects that either drive economic development or enhance the city’s parks and recreation amenities.

Port FreeportPort Freeport is a deep sea port strategically situated just 60 miles south of downtown Houston and is in the industrial hub area of Brazoria County. With an abundance of land available for development, accessibility through road and railway, and the shortest deep-water channel on the Texas Coast, Port Freeport is your perfect partner for growth. We value our partnerships and put safety and productivity at the heart of every approach. Inquire about what we can do for your business today.

TexAmericas Center, Texarkana

TexAmericas Center is the 3rd ranked industrial park in the nation, and one of the largest mixed-use industrial parks in the Americas, bringing together an unmatched rural land resource of 12,000 acres and 3.5 million square feet of existing commercial and industrial space. TexAmericas Center offers 36 miles of rail, onsite storage, transload and 3PL services, interstate access, reliability and industrial capacity for all infrastructure, favorable costs and a business climate that encourages growth.

Tomball Economic Development Corporation

Tomball, TX, just 30 minutes north of Houston, offers the necessary traits for business success. Tomball stands out as an attractive corporate investment destination for a multitude of reasons, including shovel-ready land, business-friendly principles, advanced infrastructure, and an available qualified workforce. Tomball’s rich culture and small-town charm help attract talent.

  FAST FACTS

Population (July 2022 est.): 30,029,572¹
Largest Cities (2020): Houston (2,300,027); San Antonio (1,438,227); Dallas (1,303,234); Austin (963,121); Fort Worth (922,592)¹
Real GDP (2022): $1.88 trillion²

¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce

  PERFORMANCE-BASED INCENTIVE

The Texas Enterprise Fund is a performance-based financial incentive for companies whose projects would contribute significant capital investment and new employment opportunities to the state’s economy, and for which one Texas site is competing with other out-of-state-sites.

  TOP BUSINESS FACILITIES RANKINGS

#1 Best Business Climate
2023 State Rankings
#1 Semiconductors
2023 State Rankings
#2 Food Processing
2023 State Rankings
#2 Cybersecurity
2023 State Rankings
#3 Aerospace/Defense
2023 State Rankings
#1 Life Sciences Growth: Austin
2023 Metro Rankings
#1 Fastest Growing Cities (Over 50K Pop.): Georgetown
2023 Metro Rankings
#2 Industrial Parks: Cedar Port Industrial Park (Baytown)
2023 Metro Rankings
#3 Industrial Parks: TexAmericas Center (Bowie County)
2023 Metro Rankings
Top 5 Corporate Headquarters: Dallas/Irving/Plano
2023 Metro Rankings

From the July / August 2023 issue of Business Facilities

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