CEO Guide to Site Selection

Texas

LONE STAR VS. THE GOLDEN STATE

The Lone Star state has been in a battle with California for talent and companies for years. As of 2022, Texas was still doubling down to lure companies away from the Golden State. Economic development officials note while California has the largest economy in the nation, Texas spends a greater portion of its local and state spending on education. The state also held the top spot for number of residents added in 2020 and 2021, with half of the nation’s fastest-growing cities. As companies flock to Texas for its talent and favorable business climate, the state is also growing its own. Texas startups attracted more than $10 billion in 2021, more than double the total in 2020, according to data from PitchBook and the National Venture Capital Association.

"Thanks to the strength of the Texas economy and the best workforce in America, Texas has surpassed three major employment milestones, smashing all previous records with more jobs than ever, more Texans working than ever and the largest labor force ever in the state’s history.”
Greg Abbott
Governor

TAXES

No corporate income tax

# 0

on the Tax Foundation’s State Business Tax Climate Index ranking

EDUCATION

0 %

of adults 25 years of age and older graduated high school

0 %

of adults age 25 and older have a bachelor’s degree or higher

UNEMPLOYMENT RATE

0 %

RIGHT TO WORK STATE

Yes

QUALITY OF LIFE

# 0

POPULATION GROWTH

0 %

increase between 2010 and 2020

KEY INCENTIVES

Texas Enterprise Fund: 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.

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

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

Texas Capital Fund Infrastructure Program: Offers up to $750,000 towards public infrastructure upgrades for businesses that create and retain permanent jobs, primarily for low and moderate-income persons.

EDCs

Texas Economic Development

gov.texas.gov/business

Texas Economic Development Corporation

businessintexas.com

Austin Chamber of Commerce

austinchamber.com/economic-development

Greater Houston Partnership

houston.org

Greater SATX Regional Economic Partnership

greatersatx.com

Dallas Economic Development

dallasecodev.org

HIGHLIGHTED PROGRAM OR INITIATIVE

Launched in 2016, the Tri-Agency Workforce Initiative assesses local economic activity, examines workforce challenges and opportunities and considers innovative approaches to meeting the state’s workforce goals.

BIG DEALS

  • Samsung Electronics announced in November 2021 it will construct a $17 billion semiconductor chip manufacturing facility and create 2,000 jobs in Taylor.
  • Texas Instruments announced in November 2021 it will build a semiconductor wafer fabrication facility in Sherman with the potential for $30 billion investment and 3,000 jobs in the coming years.
  • Cacique Foods announced in April 2022 it will build a new facility in Amarillo.
  • Ruiz Foods announced in May 2022 it will open a regional headquarters and create 125 new jobs in Frisco.
  • Semiconductor manufacturer GlobiTech announced in June 2022 it will open a new manufacturing facility and add 1,500 jobs in Sherman.

BIG COMPANIES

53 Fortune 500 companies headquartered in state, including:

  • ExxonMobil
  • McKesson
  • AT&T
  • Phillips 66
  • Tesla
  • Dell Technologies 
  • Energy Transfer
  • Sysco
  • ConocoPhillips

No 1: Texas

No. 1

Texas

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
Taxation and Regulations 

  • State Corporate Income Tax Rate: None
  • Highest Personal Income Tax Rate: None

Workforce Quality

  • % with High School diploma or more: 79.6
  • % with Bachelor’s degree or more: 25.3
  • % with Advanced degree or more: 8.3
  • Patents per 100K: 30.45
  • % of Employed Represented by Unions: 6.7

Quality of Life

  • Hopsitals per 10K: 0.181
  • Elementary/Secondary Schools per 1000 people: 0.355
  • Violent Crimes per 100K: 489.78
Key Companies
  • ExxonMobil Corp.
  • AT&T Inc.
  • Dell Inc.
  • ConocoPhillips
  • AMR Corp.
  • Fluor
  • Halliburton
  • Southwest Airlines
Other Highlights
  • Texas took the top spot in 2009 and 2010
  • Texas ranks 49th in state debt per capita with $1240

Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education


Roundtable

Strategic Planning Workshop

1:00 - 5:00 pm

Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

Executives expressed frustration with their current strategic planning process. Issues include:

  1. Lack of systematic approach (70%)
  2. Laundry lists without prioritization (68%)
  3. Decisions based on personalities rather than facts and information (65%)

 

Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

Women in Leadership Seminar and Peer Discussion

2:00 - 5:00 pm

Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

Limited space available.

To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

Golf Outing

10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS

General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.