Texas Business Climate
Texas has been awarded the title of Best Business Climate for the third consecutive year by Business Facilities. This accolade highlights the state’s favorable economic environment, with factors such as no corporate or personal income tax, a skilled workforce, and strong global market access. Over 1,300 capital investment projects were recorded, and notable companies like Chevron and 84 Lumber have relocated to Texas, drawn by its business-friendly atmosphere. The state also received recognition in workforce training, showcasing its commitment to supporting businesses.
Hey there, folks! Let’s dive into some exciting news coming out of the Lone Star State. Texas has officially snagged the title of Best Business Climate for the third year running according to the latest report from Business Facilities. This announcement was made on June 24, 2025, and it’s got many people buzzing about what makes Texas such an appealing place for businesses.
This annual report evaluates over 60 categories that are relevant to corporate relocation and expansion. It delves deep into economic development activities, paying special attention to factors like capital investments and job creation from the previous year. For 2024, Texas didn’t just sit back and relax; the state boasted over 1,300 qualified capital investment projects. That’s a whole lot of activity!
It’s not just the numbers that shine; it’s the big names hitting the road and making their way to Texas. More than 20 companies where family names are often recognized, including Chevron, 84 Lumber, Thoughtful Automation, and Diversified, announced their relocations to the state last year. The business-friendly atmosphere, along with an abundance of opportunity, are key reasons why these companies are choosing Texas as their new home.
So what exactly gives Texas its edge? Well, a few key factors have set the stage for this success story. For starters, Texas is known for having no corporate or personal income tax—a significant draw for many businesses looking to keep more of their hard-earned cash. Additionally, the state boasts a skilled and diverse workforce that is ready and able to take on new challenges.
Moreover, companies appreciate Texas’s global market access, outstanding infrastructure, and a reasonable regulatory environment. All of these elements contribute to creating a fantastic playground for businesses of all sizes. But Texas isn’t alone in this race; other states like Virginia, North Carolina, Florida, and Tennessee are also making waves in the Best Business Climate rankings.
Speaking of other states, it’s worth noting that Virginia captured the top honors in the Customized Workforce Training category for the third year in a row. Their successful Virginia Talent Accelerator Program has created over 17,000 jobs across the state since its launch in 2019. They’ve been providing tailored workforce training for various companies, and it’s paying off big time.
Not to be outshone, Texas also received accolades in the Customized Workforce Training area alongside states like Louisiana, Alabama, and Missouri. This recognition emphasizes the ongoing commitment of Texas to ensure a well-trained workforce, ready to meet the changing demands of the economy.
The full details of this thrilling report will be featured in the upcoming July/August issue of Business Facilities. As we eagerly await more insights, it’s clear that Texas continues to be a front-runner in creating an inviting business atmosphere. With a winning combo of favorable taxes, a capable workforce, and an encouraging investment climate, Texas is certainly keeping business leaders on their toes.
So, whether you’re a business owner considering relocating or just someone curious about economic trends, keep your eyes on Texas! The state isn’t just sitting on its laurels; it’s actively paving the way for future growth and opportunity.
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