Texas offers companies of all sizes and all industries one of the best business climates in the nation, with a fair, transparent tax and regulatory structure designed for businesses to succeed. The Lone Star State is committed to upholding its position as the Best State for Business—a title it has held now for the 19th consecutive year.
With no corporate or personal income tax, companies doing business in Texas enjoy one of the lowest overall tax burdens in the country. In addition, Texas offers lower business operating cost when compared to other U.S. states.
Powered by 55 Fortune 500 companies, thousands of publicly traded companies and 3.1 million small businesses, as well as and a diverse, skilled workforce of more than 15 million, the Texas economy is the 8th largest when compared to the nations of the world.
Not to mention, Texas offers one of the most robust incentive program portfolios, including the most competitive deal-closing fund in the nation—the Texas Enterprise Fund.
That's why Texas attracts more corporate relocations and expansions than any other state—winning the Governor's Cup for the past 11 years in a row—and is the top state in the U.S. for foreign direct investment.
Texas prides itself on being a right-to-work state, and will continue to make strategic investments to ensure it maintains our competitive advantage, allowing businesses to prosper and grow.
Texas Economic Development Guide
Texas is drawing companies from across the U.S. and around the world with its superior business climate, robust infrastructure and world-class workforce. Learn more about the business climate in Texas, on a state and local level, in the Texas Economic Development Guide.