DOING BUSINESS IN TEXAS
Texas Economic Development & Tourism
512-936-0100
adriana.cruz@gov.texas.gov
gov.texas.gov/business
“Texas is where today’s products are made and where tomorrow’s technologies are brought to life. With the Texas economy recently valued at $2.6 trillion and ranked as the eighth-largest economy in the world, ‘Made in Texas’ has never been a more powerful global brand.”
— Adriana Cruz, Executive Director,
Texas Economic Development & Tourism
TARGETED GROWTH SECTORS
Biotechnology & Life Sciences: Entrepreneurs and businesses can bring new products through the entire product life cycle— research, testing, trials, commercialization — all without leaving the state.
Financial Services: Texas’ low tax burden, competitive business climate and existing network of leading firms —along with the announcement of the Texas Stock Exchange —has solidified the states’ position in the global finance industry.
Semiconductors: As the birthplace of the integrated circuit, Texas stands ready to lead America’s chip resurgence. Texas has led the nation in semiconductor exports for 13 years —and counting.
TOP PROJECTS
COMPANY | LOCATION | JOBS |
JCB | San Antonio | 1,500 |
ZT Systems | Georgetown | 1,500 |
Goldman Sachs | Dallas | 1,000 |
DrinkPAK | Fort Worth | 1,000 |
Liberty Energy | Odessa | 1,000 |
Location Spotlight
Featured Locations
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.
COSTEP, Council for South Texas Economic Progress, represents the seven-county region of Rio South Texas that is home to a young and abundant workforce and offers a strong locational advantage with neighboring northern Mexico. Consider South Texas, and contact COSTEP.
Georgetown’s continued infrastructure investments, highly skilled available workforce, and strategic location along I-35 and SH-130 in fast-growing Williamson County, Texas make it the ideal location for Advanced Manufacturing and Life Sciences companies to relocate or expand.
Houston is a thriving business hub with a diverse economy, a highly skilled workforce, and robust infrastructure. Offering unparalleled opportunities for growth across key industries, Houston is the ideal location for business success.
Huntsville, Texas, is strategically located along I-45, connecting Dallas and Houston, in the heart of a thriving region. With a talented workforce from Sam Houston State University, tailored incentives, and a business-friendly community, Huntsville is ready to support your growth.
With a connection to national and international markets, 15,000 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.
The Marble Falls EDC is a full-service economic development organization that can provide area information, assist in site selection, negotiate incentive packages and help site selectors tour the area and meet with key leadership while maintaining confidentiality during the process.
Odessa, Texas, is a leading manufacturing hub with 24/7 manufacturing support and a skilled workforce. Abundant energy, infrastructure, generous incentives and shovel-ready sites. Odessa is ideal for major manufacturers! Recruiting in Medical, Chemical, Renewable Energy, Plastics, and Oil & Gas.
Pflugerville Community Development Corporation (PCDC) drives economic growth in Pflugerville, Texas, strategically located within the dynamic Texas Triangle, near major companies like Tesla and Samsung, and close to Austin International Airport.
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 38 miles of rail, on-site storage, transload and 3PL services, Build-To-Suit Services, immediate interstate access, reliability, industrial capacity for all infrastructure, favorable utility, labor and tax costs, and a business climate that encourages growth.
Tomball, Texas, 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 (2024 est.): 30,976,800¹
Largest Cities (2024 est.): Houston (2,319,119); San Antonio (1,513,974); Dallas (1,302,753); Fort Worth (996,756); Austin (984,567)¹
Real GDP (2023): $2.5 trillion²
¹U.S. Census Bureau
²Bureau of Economic Analysis, U.S. Dept. of Commerce
Incentive For Capital-Intensive Projects
The Texas Jobs, Energy, Technology and Innovation (JETI) Act is a new incentive program to attract large, capital-intensive projects to Texas communities, bringing high-paying jobs. A tiered structure based on county population size determines the level of required jobs and capital investment to qualify for the program.
TOP BUSINESS FACILITIES RANKINGS
#1 Best Business Climate | 2024 State Rankings |
#1 Foreign Direct Investment | 2024 State Rankings |
#1 Solar Power (Growth) | 2024 State Rankings |
#2 AI Growth Hubs | 2024 State Rankings |
#2 Food Processing | 2024 State Rankings |
#3 Aerospace/Defense | 2024 State Rankings |
#1 Fastest Growing Cities (by %): Georgetown | 2024 Metro Rankings |
#2 Industrial Parks: AllianceTexas (Fort Worth) | 2024 Metro Rankings |
#2 Manufacturing Hubs (Large): Dallas/Fort Worth/Arlington | 2024 Metro Rankings |
#2 Tech Talent Leaders (50k-125k): Austin | 2024 Metro Rankings |