{"id":246430,"date":"2022-04-25T21:27:46","date_gmt":"2022-04-26T01:27:46","guid":{"rendered":"https:\/\/chiefexecutive.net\/?page_id=246430"},"modified":"2025-02-18T12:51:28","modified_gmt":"2025-02-18T17:51:28","slug":"texas","status":"publish","type":"page","link":"https:\/\/chiefexecutive.net\/best-worst-states-business\/texas\/","title":{"rendered":"Texas"},"content":{"rendered":"\t\t
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CEO Guide to Site Selection<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Texas<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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GROWING ON THE GLOBAL STAGE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Texas remains home to some of the fastest-growing metro areas in the country, both in population and economy. Texas has been a hotbed of foreign direct investment in recent years and is now one of the leading destinations for foreign-owned companies that employ nearly 700,000 workers in the state. Gov. Greg Abbott and economic developers have aggressively pursued
trade missions and initiatives with international partners in recent years, including France, Brazil, Germany, India, Japan, Mexico and Korea. Siemens announced in November 2023 that it will build a $150 million high-tech manufacturing plant in Fort Worth. UK-based construction equipment manufacturer JCB announced in October 2023 a massive $30 billion project in San Antonio that will create 1,500 jobs.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\u201cTexas continues to\ndominate as America\u2019s\njobs engine. America's\nleading businesses are\nfleeing the stranglehold\nof over-regulation in other\nstates for the competitive business advantages\nfound only in Texas. With\nthe best business climate\nin the nation and a highly\nskilled, diverse and growing\nworkforce, businesses and\nentrepreneurs find the\nfreedom to innovate and\ngrow in Texas. As a result,\nmore Texans are working\nthan ever before in our\nstate\u2019s history, expanding\neconomic opportunity for\nmore Texas families. Working together, we will build a\nbigger, better Texas for all.\u201d<\/div>\n\t\t\t\n\t\t\t\t\t\t
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Greg Abbott<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
Governor<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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TAXES<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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No corporate income tax<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t#<\/span>\n\t\t\t\t0<\/span>\n\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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on the Tax Foundation\u2019s\nState Tax Competitiveness\nIndex<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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EDUCATION<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t<\/span>\n\t\t\t\t0<\/span>\n\t\t\t\t%<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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of adults 25 years of age and older graduated high school<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t<\/span>\n\t\t\t\t0<\/span>\n\t\t\t\t%<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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of adults age 25 and older have a bachelor\u2019s degree or higher<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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UNEMPLOYMENT RATE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t<\/span>\n\t\t\t\t0<\/span>\n\t\t\t\t%<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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RIGHT TO WORK STATE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Yes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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QUALITY OF LIFE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t#<\/span>\n\t\t\t\t0<\/span>\n\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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POPULATION GROWTH<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t<\/span>\n\t\t\t\t0<\/span>\n\t\t\t\t%<\/span>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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increase between\n2020 and 2023\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\u201cTexas has always been a fantastic partner in every\naspect of our journey to the U.S.... The opportunities that\nthe state offers will allow us to thrive in the fast-growing\nNorth American market.\u201d\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\tJunghoon \u201cJay\u201d Lee<\/span>Co-CEO, SeAH Changwon Integrated Special Steel<\/span><\/cite>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\u201cAustin\u2019s vibrant culture and high concentration of\nexceptional STEM graduates from its nearby universities\nmake it the ideal location for our expansion.... We\u2019re excited to continue our mission of transforming molecular\ndiagnostics\u2014making them more powerful, accurate, efficient, and accessible\u2014from our state-of-the-art Austin\nlaboratory, which will have a capacity of processing up\nto 6 million high-complexity molecular diagnostics tests\nevery year.\u201d\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\tOguzhan Atay<\/span>CEO, BillionToOne<\/span><\/cite>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tKEY INCENTIVES\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Texas Enterprise Fund: <\/strong>The largest deal closing fund of its kind in the nation offers cash grants for projects that create at least 75 full-time jobs that meet or exceed the county average wages.<\/p>

Skills Development Fund: <\/strong>Offers up to $1,800 per trainee to assist Texas public community and technical colleges to finance customized job training for local businesses.<\/p>

Texas Enterprise Zone Program: <\/strong>Offers various state sales and use tax refunds, ranging from $2,500 to $7,500 per job, for state-approved projects in designated communities.<\/p>

Texas Capital Fund Infrastructure Program: <\/strong>Offers up to $750,000 towards public infrastructure upgrades for businesses that create and retain permanent jobs, primarily for low and moderate-income persons.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tEDCs\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Texas Economic Development<\/b><\/h5>

gov.texas.gov\/business<\/p>

Texas Economic Development Corporation<\/b><\/h5>

businessintexas.com<\/p>

Greater Houston Partnership<\/b><\/h5>

houston.org<\/p>

Greater SATX Regional Economic Partnership<\/b><\/h5>

greatersatx.com<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tHIGHLIGHTED PROGRAM OR INITIATIVE\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Texas has been busy making inroads in Asia. In July 2024, Gov. Greg Abbott met with dignitaries and business leaders from South Korea to establish a more formal partnership with a shared focus on AI and semiconductor manufacturing. Texas has led in semiconductor exports for 13 years. Over the past decade, South Korean companies have invested more than $27 billion in nine projects and created nearly 5,000 jobs in the state.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\t\n\t\t\t\t\t\t\tBIG DEALS\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • John Cockerill Hydrogen announced in December 2023 it acquired space in Baytown for a new gigafactory. The project is expected to create up to 200 jobs.<\/li>
  • LG opened in January 2024 its first U.S. factory for assembling EV charging stations.<\/li>
  • Farmer Brothers announced in March 2024 it will move its headquarters to Fort Worth.<\/li>
  • Samsung announced in April 2024 further investments in Austin, now totaling more than $45 billion, making it one of the largest deals in U.S. history.<\/li>
  • South Korea-based SeAH Group announced in July 2024 that it will establish a $110 million manufacturing facility with 100 new jobs in Temple.<\/li>
  • Chevron announced in August 2024 it will relocate its headquarters from San Ramon to Houston.<\/li>
  • Dick\u2019s Sporting Goods announced in August 2024 it will build a distribution center and create 300 jobs in Fort Worth.<\/li>
  • BillionToOne, a next-gen molecular diagnostics company, announced in September 2024 its expansion from Menlo Park, California, to Austin.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\n\t\t\t\t\t\t\tBIG COMPANIES\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Fifty-three Fortune 500 companies headquartered in state, including:<\/p>

    • AT&T<\/li>
    • Caterpillar<\/li>
    • Dell Technologies<\/li>
    • Energy Transfer<\/li>
    • ExxonMobil<\/li>
    • McKesson<\/li>
    • Phillips 66<\/li>
    • Sysco<\/li>
    • Tesla<\/li>
    • Valero Energy<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

      CEO Guide to Site Selection Texas GROWING ON THE GLOBAL STAGE Texas remains home to some of the fastest-growing metro areas in the country, both in population and economy. Texas has been a hotbed of foreign direct investment in recent years and is now one of the leading destinations for foreign-owned companies that employ nearly […]<\/p>\n","protected":false},"author":965,"featured_media":0,"parent":59194,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-246430","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nTexas<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/chiefexecutive.net\/best-worst-states-business\/texas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Texas\" \/>\n<meta property=\"og:description\" content=\"CEO Guide to Site Selection Texas GROWING ON THE GLOBAL STAGE Texas remains home to some of the fastest-growing metro areas in the country, both in population and economy. 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