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Texas is the best state for business climate

Texas is the best state for business climate
July 2020
  | Location:
Texas

According to a new ranking launched by Business Facilities Magazine, Texas has the best business climate in America.

"Texas has established its hegemony in an impressively diverse array of growth sectors. A rapidly expanding skilled workforce, solid infrastructure, readily available renewable energy and a vibrant innovation ecosystem are just a partial list of the must-haves TX puts on the table for corporate site selectors evaluating locations for their next project", the magazine said.

The governor of the state, Greg Abbott, added: "Texas has built an unmatched economic environment that allows businesses to grow, innovate, and create more jobs for Texas workers. We have shown repeatedly that the Texas model of low taxes and smart regulations combined with our top-notch workforce is a winning formula for economic prosperity. As we respond to COVID-19 and revitalize the economy, we will continue to focus on strategies to attract more employers to our state and create economic opportunity for every Texan."

The ranking was launched after an important investment project in Texas: the construction of Tesla's new gigafactory in Austin.

The Lone Star State is also top ranked in startup ecosystem, FDI investment, tech jobs, fastest growing states, among other areas.

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