#1 Texas has a pro-business tax climate.
Texas has one of the lowest corporate tax rates in the United States. California and New York have the highest taxes on companies in the US and they don’t have enough money to pay for their governments.
#2 Texas has the most globe-focused manufacturing and distribution sector in the United States.
Globalization has made it possible for entrepreneurs to serve markets in not just their immediate community, region, or country but the whole world. If your ambition is that encompassing, Texas might be a good place to start with export sales at $69,268 per worker—the highest of any state.
#3 Texas has low labor cost.
Texas has low labor cost which include the lowest workers' compensation costs of any state. Low labor cost is vital to the profitability of manufacturing and distribution.
#4 Texas has a lower cost of living.
The cost of living in texas is much lower than almost every state in the nation. The same job that would generally only cover the cost of apartment living is the same cost ratio as the cost of home living. The state also lacks an income or capital-gains tax for individuals.
#5 Texas ranks first in the number of Fortune 500 companies.
This shows the measure of attractiveness to large companies and is an indication of a strong infrastructure. Texas’ central location and time zone also make it an ideal hub, especially for companies with a national distribution or customer footprint. Recently, companies such as Toyota and Caterpillar have located portions of their manufacturing and distribution business in Texas.
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