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Inward Investment Guides

When “Global” Becomes “Local” - And Why It’s a Good Thing

Nancy McLernon, President & CEO, Organization for International Investment (OFII) (Location USA 2014)
Examples abound of foreign firms that have “insourced” their operations to the U.S., helping their companies to prosper and the communities in which they locate to thrive. More

Texas Direct Financial Incentives 2014

Area Development Online Research Desk (Q1 2014)
Texas's economic development, finance and tax organizations provide a range of incentive programs to initiate new business and commercial investment. More

Manufacturing in America: Bigger, Better and Bolder

Mark Crawford (Q1 2014)
American manufacturing is on the upswing, with advances in innovation and productivity buoyed by decreased energy and transportation costs, and new efforts to increase work force skills. More

Major New Developments for Keystone Pipeline

James T. Berger (Q1 2014)
Even without approval of the controversial Keystone XL phase, Canadian crude oil is now flowing through the pipeline from Canada to the Gulf for the first time. More

First Person: Foreign Investment Driving Uptick in Manufacturing Plant Construction

Stephen Gray, CEO, Gray Construction (Q1 2014)
Stephen Gray, Gray Construction CEO, comments on manufacturing’s contribution to U.S. economic growth and the factors influencing the uptick in construction of domestic plants. More

Optimizing Economic Growth in Shale Zone Communities

Bruce Rutherford, International Director, Global Energy Practice Leader, Jones Lang LaSalle (Q1 2014)
The ability to access oil and natural gas reserves found in the nation’s shale regions has presented new opportunities for economic growth along with a host of infrastructure and real estate challenges. More

Primer: The Impact of Taxes & Incentives on Data Center Locations

Chris Schastok, Vice President, Economic Incentives Group (EIG), CBRE, Inc. (Q1 2014)
Many states and communities are using incentives to lure data centers and establish clusters of these facilities, which, in turn, stand to benefit from tax breaks and cash grants for necessary infrastructure improvements. More

Regional Report: Reaching for the Stars in the Southwest

Steve Stackhouse-Kaelble (Directory 2014)
Most of the Southwest is enjoying better job growth than the nation as a whole, and all of these states have ramped up their economic development efforts. More
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Studies/Research

TEXAS at a glance

POPULATION: 25,145,561

LABOR FORCE: 12,628,920 (August 2012)

RIGHT TO WORK: Yes

TRADITIONAL INDUSTRIES:Semiconductors, chemicals and related products, computer manufacturing, food processing, oil and gas, transportation equipment

EXPANDING INDUSTRIES: Aerospace, auto manufacturing, biotech and medical sciences, computer systems design, engineering, nanotechnology

COLLEGE GRADUATES: (Age 25 and over) 25.2% (2008)

BASIC BUSINESS TAXES:
Margins Tax: Texas does not have a corporate income tax or an individual income tax. In 2008, Texas replaced its franchise tax with a Margins Tax, a tax of 1 percent on gross receipts less compensation or cost of goods sold. (Retailers and wholesalers will have a rate of 0.5 percent.) Sole proprietorships and general partnerships are exempt. Businesses with revenue under $1,000,000 are also exempt.

Sales and Use Tax: 6.25 percent on retail sales of tangible personal property and certain labor and services; cities, counties, and transit authorities may add to the sales tax up to a maximum combined state and local rate of 8.25 percent, with certain manufacturing exemptions.

Property (ad valorem) Tax: No state property tax; real and tangible personal property is taxed at varying rates by local government and special taxing districts; local taxing entities have the option to exempt freeport goods.

BUSINESS INCENTIVES:
Grants:
• Texas Enterprise Fund

• Texas Emerging Technology Fund

• Defense Economic Adjustment Assistance Grant

• Texas Capital Fund Program (infrastructure development)

Sales tax incentives:
• Texas Enterprise Zone Program

• Texas Leverage Fund

• Defense Economic Readjustment Zone Program

Loans:
• Industrial revenue bonds

• Texas Product/Business Fund

• Texas Military Value Revolving Loan Fund

• Texas Capital Fund Program (real estate development)

• Texas Agricultural Finance Programs (TAFA)

Special designations (other):
• Foreign-trade zones

• Maquiladoras

Work force training:
• Skills Development Fund

• Rapid Response Program (reemployment assistance)

• Self-Sufficiency Fund

Principal Manufacturing industries

  • Fabricated Metal Products
    15.3%
  • Machinery (Except Electrical)
    11.9%
  • Computer & Electronic Products
    11.2%
  • Transportation Equipment
    10.9%
  • Food Products
    10.0%
  • Chemical & Allied Products
    8.5%
  • Plastic & Rubber Products
    4.3%
  • Nonmetallic Mineral Products
    3.6%
  • Other Manufacturing Industries
    24.2%