It’s no secret that Texas relocation is becoming a reality for businesses from throughout the country – and the world. Tesla, Hewlett Packard, Oracle, AT&T, Caterpillar, LegalZoom and Toyota are just some of the companies that are either moving to Texas or expanding their operations here. Companies from Canada, the United Kingdom and Israel are also moving to the Lone Star State.
But just what is fueling this migration? Every company is different, but there are many similarities. Here are five benefits of Texas relocation.
The benefits of Texas relocation
Texas is business friendly. From the statehouse to the courthouse and from city councils to the governor’s office, Texas supports business. That means reduced red tape and limited bureaucracy to restrict your plans for expansion and your business’s opportunity for growth.
Taxes are less of a burden than in other states: While nowhere is tax-free, those who relocate to Texas will discover that their tax burden is less than in other states. To start with, there is no state income tax for individuals. Not having to pay up to 10 percent of your income to the statehouse frees up your budget for a host of other investments and opportunities. While in some instances property taxes may be higher, it does not offset the benefit of a non-existent state income tax. Corporate and business taxes are also lower than in many other states.
Eager and educated work force: It’s not just businesses moving to Texas – the state is attracting individuals from throughout the country eager to take advantage of the state’s lower cost of living. That means the Texas workforce is ready to work for you.
Lower cost of living: From housing to health care and from utilities to groceries, the cost of living is lower than the average in the United States. With a median home price of less than $300,000, families from the coasts are drawn the dream of affordable home ownership in Texas.
Ideally located with room for expansion: Texas boasts dozens of airports including some of the busiest in the country, such as Dallas Forth Worth International Airport, Houston George Bush Intercontinental Airport, Austin-Bergstrom International Airport and San Antonio International Airport. The state is widely served by rail and is transected by major interstate highways such as I-35, I-10 and I-40. Major international ports are found along the Texas coast, including Houston, which is home to one of the busiest ports in the country.
You probably already know that Texas is the country’s second largest state. And unlike the largest state, Texas does not have to deal with dramatic winter weather and limited winter daylight. With 268,596 square miles, the Lone Star State offers plenty of room for expansion no matter what your plans are.
Contact TexasEDConnection to learn more about the benefits of Texas relocation
At TexasEDConnection we can connect you with cities throughout the state offering tax and other incentives to businesses interested in Texas relocation. Reach out today to schedule a consultation or take our five-minute quiz to learn more about which location might be right for you.
