An Inviting Infrastructure: Texas Wide Open for Business

February 07, 2017 by Midlothian Economic Development

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What do Amazon, Apple and Toyota all have in common?

The Lone Star Lure

They are just a few of the many corporate giants expanding operations in Texas – in a big way.

With the second biggest economy in the U.S. – only behind California – and the 10th largest economy globally (if Texas were a separate country), it’s of little surprise that businesses are aggressively planting new roots and expanding existing ones within the borders of this Southern hotspot.

But Texas is so much more than iconic industry names. It is Fortune 500 players and entrepreneurial seedlings; it is high-tech firms and gas and oil goliaths; it is cosmopolitan metros and small town America – and everything in between.

In short, Texas has a little something for everyone – culturally, environmentally, professionally, educationally and socially.

A Perennial Favorite

These diverse assets reinforce the reasons why Texas consistently ranks as one of the top business destinations in the world.

As of 2016, for 12 years in a row, Chief Executive Magazine has named Texas the “Best State for Business.”

Additionally, magazines including Forbes, Site Selection and Area Development as well as companies CNBC, Thumbtack and Marketwatch.com frequently highlight Texas and its myriad cities for fostering a pro-business climate.

Most recently, Business Facilities magazine bestowed the “2016 State of the Year” award on Texas. This marked the third time that Texas has won the coveted award since it was created in 2007.

“Texas is a perennial contender for our State of the Year award, but in 2016, Texas blew away the competition,” Business Facilities Editor in Chief Jack Rogers said. “Already a leader in semiconductors, a top-tier data-center hub, a burgeoning aerospace giant and home to the nation’s largest wind-power grid, the Lone Star State continues to maximize its advantages to expand the most dynamic state economy in the U.S.”

Business Facilities highlighted five top projects in Texas that created nearly 6,000 new jobs from a diverse mix of growth sectors, including facilities for Charles Schwab, Amazon, Lockheed Martin and two top pharma players.

“We’ve said it before and we’ll say it again,” Rogers noted. “When it comes to ranking the states for the keys to success in economic development, pick a category and, more often than not, you’ll find Texas ahead of the pack.”

Come On In

Factor in the state’s wide-ranging transportation and logistical advantages, its low tax burden and a more than 13 million-strong workforce and the Lone Star State’s appeal to business leaders the world over becomes crystal clear.

We would welcome the opportunity to introduce you to Texas up close and personal.

Our state’s collaborative philosophy and commitment to global competitiveness speak volumes of the corporate climate that shapes the Texas landscape. State and local leaders couldn’t be more serious when they say, “Texas is wide open for business.”

Visit us online or in person and spend a little time getting to know the Lone Star State. We think you’ll quickly discover why Texas and business go together like, well, boots and spurs.