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Texas Overview

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Why Tesla, Oracle fled California for Texas 50 Fortune 500 Companies call TX Home Texas is the Leading Destination for out-of-state company relocations 9th Largest Economy in the World (if Texas were a country) #1 Jobs Creator in the Nation - 342,800 jobs added in 2019 #1 State in America to start a business Top State for job growth - 14M Workers #1 in the nation for foreign trade zone activity (imports & exports) Recession Proof - ranked among top rec. proof states in America The Second-Largest State Economy in the Nation #1 State for business climate Awarded the Site Selection Governor's Cup for the 8th year in a row Best State for business 15th year in a row Named "State of the Year" in 2019 Named the #1 corporate move destination for the 6th year in a row Texas is the 4th-largest producer of oil in the world (29 refineries, $5.7 million barrels per day, accounting for 31% of the nation's refining capacity Home to the largest petrochemical cluster in the world with 75,000 workers Home to 2.8M small businesses employing 4.8M employees Manufacturing leader - accounts for 10% total manufacturing in US 37 public universities & 8 Tier-One research universities Top State for Population Growth for 13th Straight Year Ranked #1 state for competitive labor environment Texas is a leading state for biotech, engineering, and electrical engineering doctorates Quote: “Thanks to our unrivaled workforce and our commitment to economic freedom, Texas continues to shine as America’s center for job creation, innovation, and economic development,” Gov. Abbott said.

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