Texas is Top for Business
As reported in the Austin Business Journal, Texas was named the Number One State for Business by Directorship, a publication for corporate/boardroom leaders.
Reasons cited:
- A solid economy
- Affordable cost of living (including the health of the Real Estate Market)
- Pro-business Tax Climate
- Ability to attract Fortune 500 (and other) companies (including, recently, Comerica, and a new assembly plant for Catepillar)
- Ranks 1st in Fortune 500 companies currently located in the state
- Ranks 10th best litigation environment.
Governor Rick Perry’s take on Tuesday’s news?
“Our commitment to low taxes, predictable regulations and a fair tort system are setting an example for the nation and creating a magnetic force for the businesses and jobs that are vital to maintaining Texas’ competitive advantage in the global market.”
The U.S. Recession Report prepared by the Brookings Institution placed Texas cities as 4 of the top 5 cities on their list ranking the biggest 100 metro areas in the nation. Austin was placed 3rd (behind San Antonio and Oklahoma City). These cities, and this state will prove to have the shortest recovery time ahead.
Tags: Austin, best cities for business, best state for business, Fortune 500, low taxes, recession recovery, Texas
This entry was posted on Friday, June 19th, 2009 at 7:42 am and is filed under Non-Waterfront Land. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
June 22nd, 2009 at 6:41 am
Congrats to Y’all in Austin!
I sure know that NH, sure could learn a lot from the Grand State of Texas. If-en they would only listen.
So folks would not have to worry about being Taxed right out of their home.
July 14th, 2009 at 10:29 am
Texas Gaining Small Business | Develop Austin Texas says:[...] Association of Realors; despite the economy, Texas continues to attract small businesses. “Studies show that states such as Texas, with strong economic growth in recent years, are highly [...]
September 25th, 2009 at 7:40 am
Forbes: Texas in Top Ten Best States for Business | Develop Austin Texas says:[...] is not the first time Texas has been recognized as a top state for business – in June, Directorship named Texas number one. Share and [...]
September 25th, 2009 at 7:55 am
Forbes: Texas in Top Ten Best States for Business | SellAustinTexas says:[...] is not the first time Texas has been recognized as a top state for business – in June, Directorship named Texas number one. Share and [...]