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Compelling Reasons to Start a Business in Texas

Compelling Reasons to Start a Business in Texas

Texas is a vast, historic state which offers ample opportunities for organizations of all sizes to set up shop and potentially prosper.

If you are looking to build a business but you are on the fence about choosing Texas for your headquarters, here are a few of the main reasons you might want to make it your home.

The Real Estate Market Is Competitive

One of the biggest costs involved in starting a business comes down to either buying or renting the physical premises required for whatever you have in mind.

The good news is that in Texas, real estate is comparatively affordable, so whether you are looking for Houston office spaces for rent or you need land for a manufacturing facility, you should be able to find a place that will not monopolize too much of your budget.

Tax Laws Are Lenient

Another area in which Texas is highly competitive is that of taxation, as it does not levy income tax against individuals or corporations, meaning that both business owners and their employees need not fork over too much of their cash to the authorities.

This means that businesses in particular can afford to reinvest more of their earnings into developing new products and services, which is obviously an especially attractive state of affairs for start-ups.

Local Talent Is Top-Notch

New businesses need an influx of talented employees in order to thrive, and Texas has a surfeit of skilled workers across all sorts of disciplines.

There are a couple of reasons for this, the first being that the state is home to a number of large urban areas in which there are already plenty of organizations operating in different industries, so snagging new hires from established rivals is always an option without having to recruit out of state.

Secondly, Texas also has several high profile universities and colleges, so there is always a next generation of young, ambitious, and innovative graduates who can be invaluable to start-ups. Once again, if the talent is on your doorstep then you do not need to work hard to entice employees to join your team from another part of the country.

The Transport Infrastructure Is World Class

Transport links are important to most businesses, and Texas is better served than anywhere else, whether you look at air travel, road links, or even railway connections.

Other infrastructural elements, such as its eco-conscious energy supply and its high speed internet connectivity, help to further make the case for Texas being a brilliant place to grow a business from scratch.

Living Costs Are Low

Start-ups have to consider what the cost of living is like in the surrounding area to get a sense of how affordable it will be for the people they hire to get by.

We have already touched on the affordability of the property market, which applies to domestic housing just as it does to commercial premises, but it is also worth noting that this also applies to other living costs. It is simply less expensive to live comfortably in Texas than in other business hotspots across North America.

The Economic Clout Is Undeniable

Lastly, you just need to look at the figures to see that Texas is economically significant without necessarily being overzealous in advertising itself as such.

It has a gross state product of almost $1.9 trillion, low levels of unemployment, and is, in essence, a thriving part of the country, and the world. From tech titans to energy giants, lots of corporations call Texas home, and start-ups can take comfort from this fact.

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by Brian Perry // Brian Perry is a contributor to Businessing Magazine.

Opinions expressed by contributors are their own.