Strategic Location, World-Class Transportation Network

There truly is a world of opportunity in Texas. Just take a look at these incredible facts about the Lone Star State. We have everything you need to build a business, from a stable, growing economy to world-class transportation services to financial incentives to a diverse recreational environment.

General Statistics

Population: Over 21.8 million
Popularity: 2nd in the nation; 3 of the largest U.S. cities, including Dallas
Tourism: 2nd most popular travel destination in the nation
Personal Income: $607.5 billion +, faster growth than the U.S. average Industries:

  • Defense
  • Electronics
  • Aerospace
  • Automotive
  • Manufacturing
  • Telecommunications
  • Oil and gas
  • Commerce
  • Communications
  • Distribution
  • Agriculture
  • Farming
  • Ranching
  • Service

Cost of Living: Median sales price of a single-family home in major metropolitan areas competitive with, or below, national average
Gross State Product: 3rd in the U.S.; more than $807.4 billion
Labor Force: 10.5 million +, growing by 100,000 each year

The Texas Economy

Pro-Business Environment:

  • Right-to-work state with low unionization
  • No personal income tax

Business Taxes: 3rd lowest in the nation as a percentage of total state tax revenues
Development: Annual sales tax revenues for business are over $231 million
Research and Development: 400+ public research centers; site of the nation’s most famous research institutes
Export Business: More than $86.9 billion; 2nd in the nation
Average Hourly Manufacturing Wage: $12.57, almost 15% lower than U.S. average of $14.83
Energy Costs: Among lowest energy costs in the nation
Enterprise Zones: 183
Foreign Trade Zones: 29 A

Transportation

Click Here for a detailed map of air travel times from DFW International Airport

DFW Airport: 4th busiest in the U.S.; 26 carriers; direct service to 142 global destinations
Ft. Worth Alliance Airport: World’s 1st industrial airport; largest international facility in the southwest
Air Transport: 1,800 landing sites; 27 airports in 24 cities offer daily passenger service
Road Network: 300,000 miles of public roads-the largest in the nation; 8 interstate highways; 184,000+ lane miles of roadways, including I-35 NAFTA corridor
Rail Service: 45 railroads; nearly 12,000 miles of track

Local and Financial Incentives

Texas Capital Funds:

  • Infrastructure Development Program
  • Main Street Improvements Program
  • Real Estate Development Program

Other Funds:

  • Texas Enterprise Fund
  • Texas Emerging Technology Fund
  • Texas Leverage Fund
  • Industrial Revenue Bond Program
  • Texas Linked Deposit Program

Local Programs:

  • Tax Increment-Financing Districts
  • Tax Reimbursement Plans
  • Jobs and Investment Tax Credits
  • Research and Development Tax Credits
  • Sales Tax Exemptions
  • Local Property Tax Abatements

Quality of Life

Education: First-rate; 146 public and private institutions Recreation:

  • 125 state parks
  • 2 national parks
  • 1 national seashore
  • 18 national wildlife refuges
  • 4 national forests
  • 200+ major lakes and reservoirs
  • 700+ golf facilities

Cultural Activities:

  • 700+ museums
  • 5000 arts organizations
  • Numerous history and science exhibitions
  • Year-round cultural events

Professional Sports:

  • 2 Major League Baseball teams
  • 3 National Basketball Association teams
  • 2 National Football League teams
  • 1 National Hockey League team

For additional information regarding economic development, please email: terry.preuninger@oncor.com.