As the 9th largest economy among the nations of the world and home to 50 Fortune 500 headquarters, Texas offers the best business-friendly climate in the US—with no corporate income tax and no personal income tax—along with a highly skilled workforce, easy access to global markets, robust infrastructure and predictable regulations.
All these reasons always give Texas the first places of states with the best business climate. One of the most important reports are from Business Facilities Magazine, which recently ranked Texas as the no. #1 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.
Texas is committed to maintaining its position as the best state for business, and passed legislation providing over $4 billion in tax relief for businesses. Not to mention, Texas is home to one of the largest, most competitive deal-closing funds in the nation, the Texas Enterprise Fund.
The Lone Star State is also top ranked in startup ecosystem, FDI investment, tech jobs, fastest growing states, among other areas.