Companies across several advanced industries are attracted to the state for its unmatched competitive business advantages: a business-friendly climate, with no corporate or personal income tax, along with a highly skilled and diverse workforce, lower operating costs, strategic central location, robust infrastructure, and reasonable regulatory environment. Most importantly, Texas offers businesses the freedom to grow.
As the logistical heart of North America, Texas offers easy access to global markets. With more miles of public roadways, state highways, freight railways, airports, and Free Trade Zones than any other state, it’s no surprise that Texas has led the nation in high-tech exports for the last nine years in a row.
It’s thanks to Texas’ competitive advantages that the state continues to be the most popular location for expanding and relocating corporate facility projects, winning the Governor’s Cup for the 10th straight year in 2021. In fact, the state attracted more capital investment, new jobs, and headquarter relocations than ever before in the state’s history.
However, Texas is not resting on its laurels. The state continues to focus on retaining its top status as the “Best State for Business” in the nation—a title held for 18 consecutive years.
As a global hub for technology and a magnet for innovation, Texas offers the framework advanced global businesses need to grow and thrive well into the future.
Advanced Manufacturing Mecca. From automotive manufacturing and food processing to electronic components and semiconductors, Texas is where today’s products are made and where tomorrow’s technologies are brought to life. The Lone Star State was chosen for some of the most innovative and large-scale manufacturing operations, such as Ericsson’s state-of-the-art 5G smart factory, Tesla’s newest Gigafactory, Apple’s Mac Pro manufacturing center, and Leprino Foods’ dairy product facility.
