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 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.

“Texas continues to dominate as America’s jobs engine. America's leading businesses are fleeing the stranglehold of over-regulation in other states for the competitive business advantages found only in Texas. With the best business climate in the nation and a highly skilled, diverse and growing workforce, businesses and entrepreneurs find the freedom to innovate and grow in Texas. As a result, more Texans are working than ever before in our state’s history, expanding economic opportunity for more Texas families. Working together, we will build a bigger, better Texas for all.”
Greg Abbott
Governor

TAXES

No corporate income tax

# 0

on the Tax Foundation’s State Tax Competitiveness Index

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 2020 and 2023

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

Greater Houston Partnership

houston.org

Greater SATX Regional Economic Partnership

greatersatx.com

HIGHLIGHTED PROGRAM OR INITIATIVE

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.

BIG DEALS

  • 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.
  • LG opened in January 2024 its first U.S. factory for assembling EV charging stations.
  • Farmer Brothers announced in March 2024 it will move its headquarters to Fort Worth.
  • 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.
  • South Korea-based SeAH Group announced in July 2024 that it will establish a $110 million manufacturing facility with 100 new jobs in Temple.
  • Chevron announced in August 2024 it will relocate its headquarters from San Ramon to Houston.
  • Dick’s Sporting Goods announced in August 2024 it will build a distribution center and create 300 jobs in Fort Worth.
  • BillionToOne, a next-gen molecular diagnostics company, announced in September 2024 its expansion from Menlo Park, California, to Austin.

BIG COMPANIES

Fifty-three Fortune 500 companies headquartered in state, including:

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

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.