Think of business in Texas, and you might think of J.R. Ewing and a cabal of ten-gallon-hat-toting oil tycoons. In the real-life Texas, there's surely plenty of oil. But current growth trends are considerably more diversified, with healthcare leading the way as Medtronic opens a new $24 million medical technology operation in San Antonio, creating 1,400 jobs in the process. The 150,000-square-foot facility has captured the excitement of business leaders and public officials in the Lone Star State, which claims a major achievement at persuading the Minneapolis-based manufacturer of medical equipment to locate in San Antonio. Its operation will focus on diabetes-related technology.
In Houston, Farouk Systems is investing $26 million to expand its beauty products facility, adding 1,200 jobs in the process. Flat irons, dryers, and other hair care tools form the core of Farouk's product base, and while it has largely been known for manufacturing in China, product safety scares and a desire to expand U.S. operations made Houston the company's recent choice.