#1 Texas


#6 in Taxation and Regulation

#5 in Workforce Quality

#10 in Living Environment

Right to Work?

Regional Profile – Southwest

STATE
OVERALL REGIONAL RANK
TAXATION & REGULATION REGIONAL RANK
WORKFORCE QUALITY REGIONAL RANK
LIVING ENVIRONMENT REGIONAL RANK
Arizona
2
2
2
2
Arkansas
4
4
4
3
New Mexico
5
5
5
5
Oklahoma
3
3
3
4
Texas
1
1
1
1

Key Industries

Advanced Manufacturing, Aviation, Biotech, Chemicals Products, Energy

Key Companies

AMR Corp.
AT&T
ConocoPhillips
Dell
ExxonMobil
Fluor
Halliburton
Southwest Airlines

Advantages

The high-speed rail project could be one step closer to reality after winning the Urban Land Institute’s “Next Big Idea” award.

Texas has no corporate or individual income tax.

Challenges

So far, $105 million in capital has been raised for the high-speed rail project, according to the Dallas Business Journal, and there won’t be a ribbon cutting until all $12 billion needed is secured.

Texas imposes gross receipts taxes instead of corporate income taxes. Gross receipts taxes are thought to be more economically harmful than corporate income taxes, according to the Tax Foundation.

Key Contacts

Economic Development & Tourism

Tracye McDaniel, President & CEO
512-936-0100
221 East 11th Street, 4th Floor
Austin, TX 78701
tracye@txedc.org
https://texaswideopenforbusiness.com/

CEO Comments

“We recently relocated the majority of our CT office to TX because of the extreme difficulty of doing business in the state.”

“Texas has their act together, their gov’t workers go out of there way to assist businesses to comply and follow the laws.”

“The taxation and regulatory environment is business friendly and allows a small business owner to make ends meet without having to indenture.”

YOU MIGHT ALSO BE INTERESTED IN…