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
doing business in Texas
Texas celebrated a historic economic achievement with the announcement of the Texas Stock Exchange in October 2024. (Photo: TX Office of the Governor)

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

Location Spotlight: The Entergy Region

Entergy’s four state territory spanning Arkansas, Louisiana, Mississippi and Texas is home to the largest industrial base in the U.S.

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.

MARBLE FALLS TEXAS
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 TEXAS
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
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
From the July / August 2024 issue of Business Facilities

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