Why Businesses Are Moving to Texas
Many businesses today are experiencing rapid changes due to this pandemic lifestyle. They have to adapt the ‘new normal’ and all the changes that brings. Luckily, there are rapidly growing options for relocation on a large scale. One of these options is bringing your business to Texas. You may wonder what the benefits of such a transition may be or why businesses are moving to Texas already. In this article, we’ll talk about some of the many good things you can expect by relocating your business to Texas.
Economic Strength
Surprisingly, if Texas were a country, it’d be the 9th largest economy in the world. This brings it ahead of Australia, Mexico, Spain and even Russia. The large land mass of the state provides ample space for many office buildings and store fronts. There’s always room for economic growth if there’s room for physical growth! These companies bring the state of Texas up to be the second-largest civilian workforce in the country with more than 14 million people. With international access by land, sea and air, Texas takes the spot for leading state of GDP, exports, population growth and job creation.
Workforce Education
Many entrepreneurs have gotten their start in the Texas educational institutions. They enroll more than 1.45 million students who often stay in Texas to begin their careers. It’s been proven that Houston and Dallas-Fort Worth retain 76% and 72% of their two- and four-year graduates respectively. The civilian workforce of Texas is more than 14 million strong and growing as they have lead the nation in population growth for 10 straight years. With 148 higher education institutions across the state, it’s easy to see education is a sought-after benefit of Texas.
Infrastructure
Did you know you can reach all major and domestic markets from straight from Texas? In fact, no state handles more of America’s cargo than Texas. The state’s investment in road, railroad and air networks have raised it above all other states in the country when it comes to the movement of goods and people. Texas’ infrastructure has led it to being the nation’s top exporter for 19 years straight. This is due to the fact of having more miles of public roads and freight rail than any other state, at 313,220 miles and 10,539 miles respectively, while also being home to the nation’s No. 1 airport for many domestic destinations.
Quality of Life
One CEO described the difference between Silicon Valley and his new Texas office as “night and day.” This is actually a common remark as many employers and workers have enjoyed the low taxes, low housing costs and high-quality education options along with a vast range recreational opportunities. This is why Texas continues to attract such a large and diverse group of families and entrepreneurs. Along with the plenty of cultural attractions such as museums, restaurants, music venues and more across the state, there’s truly something for everyone in Texas. Whether your looking for a rural escape or a busy city environment, you can find it all down in Texas.
