The Sky’s The Limit In The Lone Star State
2 Aug 2017
Author: Business Facilities
If Texas was a country, it would have the tenth-largest economy among nations. A business-friendly climate—TX, which has no corporate or personal income taxes, is the top-ranked state for Best Business Climate in our 2017 Rankings Report—as well as a highly skilled workforce, easy access to global markets and robust infrastructure has attracted the headquarters of 50 Fortune 500 companies to the Lone Star State.
For Gov. Greg Abbott, one of the biggest selling points for Texas is what the governor likes to call “economic liberty.” In an exclusive interview with BF, Abbott defined his governing philosophy for stimulating economic development.
“Economic liberty is why Texas leads in job creation and in corporate expansions and relocations,” Abbott explained. “Restrained government, lower taxes, smarter regulations, right-to-work laws and litigation reform—these are the pro-growth economic policies that help free enterprise flourish and that attract businesses to Texas from states that overtax and overregulate.”
In his 2017 State of the State Address, Abbott noted that Midland, TX has surpassed San Francisco in the percentage of jobs created by startups. “That fact took some in the media by surprise. But Midland did beat the San Francisco area in the percentage of jobs created by startups. And Austin, San Antonio, Houston and Dallas rank among the top metro areas for startup activity.”