No matter the industry or company size, Texas – if considered a nation – would be the 8th largest economy in the world, and this is where businesses come to prosper. Texas is a leading Fortune 500 company state with a highly skilled and diverse workforce of over 15 million, and thousands of businesses large, small, and in-between. The Texas economy has outperformed other states over the last decade and is ramping up to dominate over the next 10 years as well. We are a proud right-to-work state with world-class infrastructure and a top-ranked higher education system churning out top talent year after year. Meanwhile, the Texas Enterprise Fund is one of the largest and most competitive deal-closing funds in the country.
Learn more about why so many businesses are making the decision to relocate here.
The low taxes in Texas attract businesses from other states and around the world. On the state level, there is no personal or corporate income tax. That makes it one of the most tax favorable states in the country.
Texas provides use exemptions for manufacturing machinery or equipment as well as natural gas or electricity used for manufacturing, processing, or fabricating tangible personal property.
For qualifying data centers, there is a 100 percent exemption on sales taxes for computers, equipment, cooling systems, power infrastructure, electricity, and fuel. Such data centers must meet the minimum criteria of $200 million in capital investment, creation of 20 new jobs, and an average salary at least 120 percent above the county average.
It is a testament to Texas economic strength that so many businesses are choosing to relocate to the Lone Star State.
An excellent business climate does not arise by accident. The state provides many incentives for companies to move here. Such Texas business incentives include the:
Find out how these and many other Texas business incentives can assist your company’s particular needs.
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Read how industry-leading companies of all sizes are finding their advantage in Texas.
