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Texas is an economic development powerhouse, home to 64 Fortune 500 headquarters. Top industries in Texas include aerospace, life sciences, energy, information technology and agriculture. Texas offers major health-care research centers and some of the best colleges and universities in the nation. Texas quality of life includes more than 800 golf courses, 600 miles of coastline, 13 national parks and world-renowned galleries and museums.
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BIOTECHNOLOGY AND LIFE SCIENCES
ENERGY
FINANCIAL SERVICES
PETROLEUM
REFINING
AND CHEMIC
AL PRODUCTS
ADVANCED TECH
NOLOGY
AND MANUFACT
URING
AEROSPACE, AVIATION AND DEFENSE
INFORMATION AND COMPUTER TECHNOLOGY
SponSored by The office of The governor, economic developmenT & TouriSm | 2013-14
Wide open for buSineSSTexasbusinessclimate.com/texas
digital edition sponsored
by Wharton econom
ic
development corporation
www.whartonedc.com
Digital eDition sponsoreD by Wharton economic Development corporation | WWW.WhartoneDc.com
2013-14 Edition | VolumE 4
6672
80105
Workforce DevelopmentReady to woRkThe Texas labor force is more than 12.7 million strong, highly skilled and growing, thanks to collaborations and innovative programs that provide training and education.
Business Benefitstexas dRawLower costs and a business-friendly environment are making the Lone Star State a destination of choice for location and investment.
foreign investmentMany Flags oveR texasAcross a range of industries and from nations around the globe, foreign companies are investing in Texas, putting down roots and creating more than 446,000 jobs.
startups anD innovationtexas stays FReshEntrepreneurs and emerging companies find a wealth of resources in the state, from technology transfer to venture support to accelerator and incubator facilities.
Contents
TexasWIDE OPEN FOR BUSINESS
CAMERON INDUSTRIAL [email protected] (254) 697-4979
www.cameronindustrialfoundation.com
Where Quality of Life Meets Opportunity
Digital eDition sponsoreD by Wharton economic Development corporation | WWW.WhartoneDc.com
37Business climateindustRy epiCenteRBy any measure, Texas is an economic dynamo thanks to its ideal business climate and abundance of new jobs.
44Workforcethe Best BRand in BusinessCost advantage, workforce, innovation create winning formula in Texas.
on the coverAll roads lead to Texas, where the nations strongest economy is generating jobs and spurring investment across a range of industries. Illustration by Kris Sexton
Contents
25 oveRview 28 disCoveR
113
90
125
52incentive programsin with the newA suite of state incentives lead to capital investment and job creation.
60site locationthe giFt oF siteA highly skilled workforce, affordable labor costs and ready-to-work attitude make the state a top spot for corporate investment.
90agricultureundeR the MiCRosCopeTexas A&M AgriLife Research yields a bumper crop of discoveries.
98multimeDiastRong sense oF diReCtionWorlds of music, film and technology collide at Austins annual South by Southwest Conferences & Festivals.
113energypoweR oF RenewalTexas energy industry unlocks the potential of renewable sources and creates clean technology.
125technologyteChniCal MasteRyResource-rich Texas maps out the next digital breakthroughs.
Digital eDition sponsoreD by Wharton economic Development corporation | WWW.WhartoneDc.com
150141transportationlogistiCal logiCA superior system of ports, rail, highways and airports gives the Lone Star State all the right connections.
150eDucationleadeRs in the laBsTexas universities build global reputation as research leaders.
All or part of this magazine is printed with soy ink on recycled paper containing 10% post-consumer waste. Please recycle this magazine
Contents
141
181161Biotech anD life sciencesBReakthRough stateTexas is a discovery zone for life sciences advancements.
181livaBilitywinning FoRMulaSuperior quality of life teams with strong economy in Texas cities.
190sports anD recreationtaking it to the seatsSports facility marvels throughout the state bring spectators and worldwide acclaim to Texas.
198fooD anD BeverageCRaFt MoveMentTexas microbrewing industry taps into Lone Star State pride one sip at a time.
208groWth preDictionstexas tRendsLone Star State population and employment projections.
161169 eConoMiC developMent ContaCts 175 eConoMiC pRoFile 211 galleRy
Centrally loCated Close proximity to Lubbock, Midland/Odessa and Hobbs, N.M. On the border of the South Plains and Permian Basin Among the escalating Texas and New Mexico shales
easy aCCess to multiple growing markets 4th leading oil and gas produCing County in texas no state inCome tax and low loCal property tax pro-business loCal government
City-wide reinvestment zone
no building or permit fees for new ConstruCtion
104 W. 3rd P.O. Box 2 Denver City, TX 79323
(806) 592-3160 www.denvercityedc.com
Mileage to:
HOBBS 36 Miles
MIDLAND 87 Miles
ODESSA 84 Miles
LUBBOCK 79 Miles
director of content | BILL MCMEEKInProject manager | EMILy MCMACKIncontributing writers | nAn BAuRoTh, PAMELA CoyLE, John FuLLER, hEAThER JohnSon, BILL LEWIS, KAThRyn RoySTER, KELLy KAgAMAS ToMKIES, STEPhAnIE VozzA, JEFF WALTER, gARy WoLLEnhAuPT content coordinator | JESSICA WALKER BoEhMstaff writer | KEVIn LITWInProofreading manager | RAVEn PETTy
lead designers | LAuRA gALLAghER, KACEy PASSMoREsenior graPhic designers | STACEy ALLIS, KRIS SExTon, JAKE ShoRES, VIKKI WILLIAMSgraPhic designer | MATT WESTcreative technology analyst | BECCA ARy
senior PhotograPhers | JEFF AdKInS, BRIAn MCCoRdstaff PhotograPhers | MIChAEL ConTI, WEndy Jo oBARR, FRAnK oRdonEz, MIChAEL TEdESCocolor imaging technician | ALISon hunTER
integrated media managers | SCoTT VonCAnnon, JAREd LAnE, MATT MCWhoRTERsales suPPort Project manager | SARA QuInTsales suPPort coordinator | ChRISTInA MoRgAn
ad Production manager | KATIE MIddEndoRFad traffic assistants | KRySTIn LEMMon, PATRICIA MoISAn
web Project manager | dAVId dAyweb develoPment lead | yAMEL hALLweb develoPer i | nELS noSEWoRThyweb designer ii | RIChARd STEVEnSweb Product manager | John hooddigital Project manager | JILL RIdEnouRdigital Products designer | ERICA LAMPLEy
chairman | gREg ThuRMAnPresident/Publisher | BoB SChWARTzMAnexecutive vice President | RAy LAngEnsenior v.P./sales | Todd PoTTERsenior v.P./client develoPment | JEFF hEEFnERsenior v.P./oPerations | CASEy hESTER
v.P./sales | JAREK SWEKoSKyv.P./content oPerations | nATAShA LoREnSaudience develoPment director | dEAnnA nELSoncreative services director | ChRISTInA CARdEndistribution director | gARy SMIThPhotograPhy director | JEFFREy S. oTToweb services director | ALLISon dAVIS
controller | ChRIS dudLEysenior accountant | LISA oWEnSaccounts Payable coordinator | MARIA MCFARLAndaccounts receivable coordinator | dIAnA IAFRATE
it director | dAnIEL CAnTRELL
executive secretary | KRISTy gILEShuman resources manager | PEggy BLAKE
Texas Wide Open for Business is published annually by Journal Communications Inc. and is distributed through the office of the governor, Economic development & Tourism. For advertising information or to direct questions or comments about the magazine, contact Journal Communications Inc. at (615) 771-0080 or by email at [email protected].
for more information, contact:office of the governor Economic development & Tourism divisionP.o. Box 12428Austin, Tx 78711Phone: (512) 936-0100 [email protected]
visit Texas Wide Open fOr Business online at businessclimate.com/texas
Copyright 2013 Journal Communications Inc., 725 Cool Springs Blvd., Suite 400, Franklin, Tn 37067, (615) 771-0080. All rights reserved. no portion of this magazine may be reproduced in whole or in part without written consent.
Member The Association of Magazine Media
Member Custom Content Council
Member Texasone
2013-14 edition | volume 4
TexasWIDE OPEN FOR BUSINESS
Texas Midwest Community Network (TMCN)
is a coalition of 27 counties in West-Central
Texas that can help your business grow and
prosper. The TMCN region is centrally located
in the state of Texas and is the geographic
center of the worlds largest free trade zone
providing easy access to east and west
coasts, the industrial Midwest and northeast,
and the large emerging markets in Mexico.
The region is also host to one of the largest
potential oil plays in history, the Cline Shale!
Our regions low cost of doing business,
along with an educated, eager and
abundant workforce, create the perfect
environment for success. Join industry
leaders in health care, alternative energy,
oil and gas, agriculture,
metal fabrication and
global manufacturing in
making the Texas Midwest
home. Put our resources to
work for your company, and see
for yourself the benefits of doing
business in the Texas Midwest.Texas Midwest Economic Development AllianceCommunities working together to accomplish what one community cannot do alone.(325) 795-8626 www.texasmidwest.org
TMCN ECoNoMiC DEvElopMENT AlliANCE MEMbErs
Develop Abilene www.developabilene.com
City of Ballinger, Community Development www.ballingertx.org
Brady Economic Development Corporation www.bradytx.com
Brownwood Economic Development Corporation www.brownwoodbusiness.com
Cisco Development Corporation www.ciscodc.com FB Cisco Development Corporation
Clyde Economic Development Corporation www.clydeamerica.com
Comanche Texas Economic Development Corporation www.cityofcomanchetexas.net
Economic Development Corporation of Early Texas www.earlyecondev.com
Eden Economic Development Corporation www.edentexas.com
Development Corporation of Haskell www.haskelltexasonline.com
San Angelo Chamber of Commerce/ Economic Development www.sanangelo.org/uptown.php FB San Angelo Chamber of Commerce Economic Development
Sweetwater Enterprise for Economic Development Inc. www.sweetwatertexas.net FB Sweetwater Economic Development
GROWING STRONGER TOGETHER
BUSINESS CLIMATESkilled Workforce & Customized Training Low Cost of Real Estate
Low Cost of Living Pro-Business Attitude
Thriving & Diversified Industries Safe & Clean Environment
Natural Resources Quality of Life Good Climate Year Round
INDUSTRIESOil & Gas Alternative Energy Wind & Solar
Information Technology Education & Health Services
Manufacturing Light & Heavy Metal Fabrication
Agriculture Beef, Farming, Vineyards, Dairy
Leisure & Hospitality Government Local, State, Federal
Professional & Business Services
HOME TODyess Air Force Base Goodfellow Air Force Base
Texas Tech University College of Pharmacy Angelo State University
Texas State Technical College Abilene Christian University
McMurry University Hardin Simmons University
Howard Payne University Four Community Colleges
Texas Midwest Community Network (TMCN)
is a coalition of 27 counties in West-Central
Texas that can help your business grow and
prosper. The TMCN region is centrally located
in the state of Texas and is the geographic
center of the worlds largest free trade zone
providing easy access to east and west
coasts, the industrial Midwest and northeast,
and the large emerging markets in Mexico.
The region is also host to one of the largest
potential oil plays in history, the Cline Shale!
Our regions low cost of doing business,
along with an educated, eager and
abundant workforce, create the perfect
environment for success. Join industry
leaders in health care, alternative energy,
oil and gas, agriculture,
metal fabrication and
global manufacturing in
making the Texas Midwest
home. Put our resources to
work for your company, and see
for yourself the benefits of doing
business in the Texas Midwest.Texas Midwest Economic Development AllianceCommunities working together to accomplish what one community cannot do alone.(325) 795-8626 www.texasmidwest.org
TMCN ECoNoMiC DEvElopMENT AlliANCE MEMbErs
Develop Abilene www.developabilene.com
City of Ballinger, Community Development www.ballingertx.org
Brady Economic Development Corporation www.bradytx.com
Brownwood Economic Development Corporation www.brownwoodbusiness.com
Cisco Development Corporation www.ciscodc.com FB Cisco Development Corporation
Clyde Economic Development Corporation www.clydeamerica.com
Comanche Texas Economic Development Corporation www.cityofcomanchetexas.net
Economic Development Corporation of Early Texas www.earlyecondev.com
Eden Economic Development Corporation www.edentexas.com
Development Corporation of Haskell www.haskelltexasonline.com
San Angelo Chamber of Commerce/ Economic Development www.sanangelo.org/uptown.php FB San Angelo Chamber of Commerce Economic Development
Sweetwater Enterprise for Economic Development Inc. www.sweetwatertexas.net FB Sweetwater Economic Development
GROWING STRONGER TOGETHER
BUSINESS CLIMATESkilled Workforce & Customized Training Low Cost of Real Estate
Low Cost of Living Pro-Business Attitude
Thriving & Diversified Industries Safe & Clean Environment
Natural Resources Quality of Life Good Climate Year Round
INDUSTRIESOil & Gas Alternative Energy Wind & Solar
Information Technology Education & Health Services
Manufacturing Light & Heavy Metal Fabrication
Agriculture Beef, Farming, Vineyards, Dairy
Leisure & Hospitality Government Local, State, Federal
Professional & Business Services
HOME TODyess Air Force Base Goodfellow Air Force Base
Texas Tech University College of Pharmacy Angelo State University
Texas State Technical College Abilene Christian University
McMurry University Hardin Simmons University
Howard Payne University Four Community Colleges
The Place For YouDAYTON, TEXAS
Dayton Community Development CorporationCourtland Holman, Executive Director
801 S. Cleveland, Ste. B Dayton, TX 77535 (936) 257-0055 [email protected]
www.daytontx.com
The City of Dayton is uniquely situated in the Gulf transportation network area to provide the most expedient access to the nations highway, air and rail systems. With direct access to US 90 and Highway 146, as well as two Class I rail carriers, the BNSF Railway and Union Pacific Railroad, Dayton can provide unmatched access to Houston, the Gulf, the nation and the globe.
DaytonADVANTAGES to locating in the City of Dayton as a catalyst to your success Minutes from Houston, Baytown, George Bush Intercontinental Airport, William P. Hobby Airport and Port of Houston Facilities
Great Infrastructure
Expanding Housing Markets, Class 4A School District, Educated Workforce
Greenfields for Retail, Office, Industrial and Manufacturing
1,600-Acre Industrial Park
Economic Incentives for Businesses That Are Expanding or Looking to Locate in Dayton
Dayton Is One of the Last Areas in the Houston Metro Market with Expansion Capacity
DaytonLOCAL INDUSTRIES Gulf Inland Logistics Park
Insteel Industries AMICO KLEMP
Global Tubing PJF Fabrication
R&K Fabrication Hammer & Steel
D.A.R.F. Fabrication
Fabrication & Construction Services
Sams Distribution Center
Stallion Oil Field Services
Dayton
Global TubinG www.globaltubing.com
Gulf inland loGiSTiCS PaRK www.gulf-inland.com
inSTeel www.insteel.com
www.cityofdaytontx.com
STallion www.stallionoilfield.com
PJf fabRiCaTion www.pjffab.com
f&C fabRiCaTionS www.fandcservices.com
diSd www.daytonisd.net
CommuniTy/ConvenTion CenTeR www.cityofdaytontx.com/communitycenter
The Place For YouDAYTON, TEXAS
Dayton Community Development CorporationCourtland Holman, Executive Director
801 S. Cleveland, Ste. B Dayton, TX 77535 (936) 257-0055 [email protected]
www.daytontx.com
The City of Dayton is uniquely situated in the Gulf transportation network area to provide the most expedient access to the nations highway, air and rail systems. With direct access to US 90 and Highway 146, as well as two Class I rail carriers, the BNSF Railway and Union Pacific Railroad, Dayton can provide unmatched access to Houston, the Gulf, the nation and the globe.
DaytonADVANTAGES to locating in the City of Dayton as a catalyst to your success Minutes from Houston, Baytown, George Bush Intercontinental Airport, William P. Hobby Airport and Port of Houston Facilities
Great Infrastructure
Expanding Housing Markets, Class 4A School District, Educated Workforce
Greenfields for Retail, Office, Industrial and Manufacturing
1,600-Acre Industrial Park
Economic Incentives for Businesses That Are Expanding or Looking to Locate in Dayton
Dayton Is One of the Last Areas in the Houston Metro Market with Expansion Capacity
DaytonLOCAL INDUSTRIES Gulf Inland Logistics Park
Insteel Industries AMICO KLEMP
Global Tubing PJF Fabrication
R&K Fabrication Hammer & Steel
D.A.R.F. Fabrication
Fabrication & Construction Services
Sams Distribution Center
Stallion Oil Field Services
Dayton
Global TubinG www.globaltubing.com
Gulf inland loGiSTiCS PaRK www.gulf-inland.com
inSTeel www.insteel.com
www.cityofdaytontx.com
STallion www.stallionoilfield.com
PJf fabRiCaTion www.pjffab.com
f&C fabRiCaTionS www.fandcservices.com
diSd www.daytonisd.net
CommuniTy/ConvenTion CenTeR www.cityofdaytontx.com/communitycenter
BIOTECHNOLOGY AND LIFE SCIENCES
ENERGY
FINANCIAL SERVICES
PETROLEUM
REFINING
AND CHEMIC
AL PRODUCTS
ADVANCED TECH
NOLOGY
AND MANUFACT
URING
AEROSPACE, AVIATION AND DEFENSE
INFORMATION AND COMPUTER TECHNOLOGY
sPonsored by the office of the governor, economic develoPment & tourism | 2013-14
wide oPen for businessTexasbusinessclimate.com/texas
TechnologyLearn more about the innovative companies that call Texas home.
Site LocationRead more about the powerful advantages that Texas offers for business investment and expansion.
Livabilitydiscover the features and attractions that make the Lone Star State a desirable place to live.
Onlinewhats on businessclimate.com/texas
TabletTake the state with you with a digital edition optimized for tablet viewing.
Keep updated and informed on the latest real-time news, developments and information.
Demographics
drill down on the numbers behind the states powerhouse economy with a full set of statistics and data.
Top Industries
Learn more about the key industry sectors and top companies that make Texas work.
Photo Gallery & Videos
See unique faces, spaces and places presented in a whole new way courtesy of our team of award-winning photographers.
Visit us online at www.jasperedc.com
Zapata Economic Development Corporation
1301 N. U.S. Hwy. 83 Zapata, TX 78076
www.zapataedc.com
Proud to support the Texas business climate
Site includes: Search features by industry concentration
detailed community profiles and key contact information
Infrastructure information
Searching for a place to relocate or expand a business?
Tap in to a detailed and searchable online database to find the right spot.
An online tool provides comparative information, detailed information on key industries, incentives, higher education institutions, individual communities, key contacts and other valuable information.
Find your best site
Search for properties at texassitesearch.com
Johnson CountyTexas
JOHNSON COUNTY 817-556-6985
[email protected] www.jc-edc.com
BURLESON 817-426-9623
[email protected] www.burlesontx.com/ed
JOSHUA 817-558-7447
[email protected] www.joshuaedc.com
CLEBURNE 817-645-8644
[email protected] www.cleburne.tx.us
Where Your Business Begins!
BURLESON HighPoint Business Park/I-35W
JOSHUA Joshua Station Retail and Rail
CLEBURNE Cleburne Industrial Park/Rail Retail/Commercial
Manufacturing, Distribution Commercial and Retail Sites
on Major Highways
Minutes to Dallas/Fort Worth and DFW Airport
Numerous Industrial Parks/Rail
Low Tax Rates
Minimal Regulatory Burdens
No State Income Tax
Award-Winning, Best Structured
Deal In Texas
Custom Local and State Incentive Packages Available
Digital eDition sponsoreD by Wharton economic Development corporation | WWW.WhartoneDc.com
As Governor of Texas, I support an environment of job growth, opportunity and prosperity in the Lone Star State.Our state offers companies an unparalleled competitive edge, with the nations lowest per capita tax rates, no personal income tax, proximity to strategic markets, cutting-edge infrastructure, excellent schools and a skilled workforce.
Texas provides businesses with the tools they need to grow and prosper, including the Texas Enterprise Fund and the Texas Emerging Technology Fund. Through June 2013, the TEF has resulted in the announcement of more than 67,200 new jobs and nearly $20.1 billion in capital investment in the state. Through February 2013, the TETF has allocated more than $200 million in funds to 140 early-stage companies, and more than $216 million in grant matching and research superiority funds to Texas universities. More than $761 million in additional investment from other non-state sources has followed on to the TETF investment.
Texas is recognized around the world for our pro-business climate, which is demonstrated every day by statistics like these:
Texas was named State of the Year by Business Facilities, No. 1 on the CNBC Americas Top States for Business ranking, Chief Executives Best State for Business in 2013 and Area Developments Top State for Business. Texas won Site Selections Governors Cup in 2013, awarded to the state with the most new and expanded corporate facilities in 2012.
Texas has been ranked the top state for exporting for 11 consecutive years, and for the eighth year in a row, Texas was the No. 1 relocation state in Allied Van Lines 45th Annual Magnet States Report. In addition, seven Texas cities were included in the top 25 of the 2012 Milken Institute Best-Performing Cities.
I invite you to come to Texas, where were ready to work with you. No matter the industry, the Lone Star State is committed to doing what it takes to keep Texas Wide Open for Business.
Sincerely,Rick PerryGovernor
Welcome to texAs
For more information, contact:Office of the GovernorEconomic Development & Tourism DivisionP.O. Box 12428Austin, Texas 78711-2428(512) [email protected] forbusiness.com
Digital eDition sponsoreD by Wharton economic Development corporation | WWW.WhartoneDc.com
1. Headquarters for business. More than 100 companies on the Fortune 1000 list are based in Texas. Between 2008 and 2012, the state attracted foreign direct investment projects from 42 nations, and more than 430 non-U.S. companies announced more than 500 business expansions in Texas, creating 46,000 jobs. For the 11th straight year, Texas led the U.S. in export volume in 2012.
2. World-class economy. The Texas Gross Domestic Product in 2012 was $1.4 trillion. If Texas were a stand-alone nation, it would rank as the 13th largest economy in the world.
3. Business friendly. Texas has one of the lowest tax burdens in the U.S., including no personal income tax. The state also has no state tax on property used for pollution control, on goods in transit or manufacturing machinery and equipment. Texas ranked No. 9 on the Tax Foundations State Business Climate Tax Index in 2012.
4. cost friendly. The state offers incentive programs that help businesses grow, including the Texas Emerging Technology Fund and the Texas Enterprise Fund, the nations largest deal-closing fund of its kind. Through June 2013, TEF invested more than $486 million and closed the
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10 Reasons to Live and Work in Texasthe Lone Star State iS a pLace to inveSt, grow and proSper
Overview
deal on projects generating more than 67,200 new jobs and $20.1 billion in capital investment.
5. linked in. With 13 deep-water ports, 14,361 miles of rail, 306,000 miles of highway, 26 commercial airports and 28 official entry points to Mexico, Texas offers superior transportation and logistical advantages.
6. smart moves. The Lone Star State includes top higher education institutions, including the University of Texas, Texas A&M and Texas Tech, that are centers of innovation.
7. easy on the wallet. Texas is one of the most affordable places to live. The cost of living composite index for most metro areas in Texas is lower than the national composite index of 100.
8. Health-care pioneer. Texas is a leader in medical treatment, innovation and expertise. Among its facilities is the MD Anderson Cancer Center, one of 52 institutions affiliated with Texas Medical Center.
9. Great outdoors. The state includes 13 national parks, 120 state parks, 18 wildlife refuges, more than 900 golf courses and 624 miles of coastline.
10. Right where you want to be. With its beautiful landscape, warm weather, excellent schools and hospitality, Texas remains a popular choice for people looking to relocate.
Texas Wide Open fOr Business
Discover TexasTexas is a major center of aerospace and aviation innovation. More than 1,665 companies are in the aerospace and aviation sector in the state and combined, they employ more than 200,000 workers.
Top aerospace manufacturing companies in Texas include:
Lockheed Martin, which employs more than 20,000 people, has the largest concentration of its U.S. workers in Texas. Its work in the state ranges from military aircraft to missile systems to space vehicles.
L-3 Communications produces military and commercial aircraft systems and employs a total of about 11,000 workers in Texas at locations in Greenville, Waco, Arlington, Carrollton and Rockwall.
Bell Helicopter is one of the worlds leading manufacturers of helicopters for military and commercial use, as well as aircraft parts and components. The company, which has more than 7,000 Texas employees, has operations in Amarillo and Fort Worth, where it also has its headquarters.
The Boeing Co. has 6,000 Texas employees at facilities in Dallas, Houston, San Antonio, Richardson and El Paso. Boeings work in the state includes both military and commercial aircraft.
Raytheon, which has 4,000 Texas workers, makes electronic aircraft components. The company has operations in Garland, Plano, McKinney and El Paso.
American Eurocopter, headquartered in Grand Prairie, is the North American affiliate of Eurocopter, the worlds largest helicopter manufacturer. The companys helicopters are used by customers that include corporations, hospitals and emergency medical service providers, tourism operators, law enforcement agencies and the U.S. Army.
Cool Companies
digiTal ediTiOn spOnsOred By WharTOn ecOnOmic develOpmenT cOrpOraTiOn | WWW.WharTOnedc.cOm
Lockheed Martins Fort Worth facility assembles aircraft and has the Lockheed Martin Aeronautics Co.s headquarters.
digiTal ediTiOn spOnsOred By WharTOn ecOnOmic develOpmenT cOrpOraTiOn | WWW.WharTOnedc.cOm
Who can forget the Alamo? The site of one of the most notorious battles in history is just one of the Lone Star States storied historic attractions. Visitors are able to stand in the spot that some of the famous defenders, including David Crockett and Jim Bowie, stood in 1836 during the historic siege of the Alamo. Other noted historical attractions in the state include:
San Jacinto Battleground: The famous 1836 battle brought Texas its independence was fought on this site near Houston. The 1,200-acre San Jacinto Battleground State Historic Site, also a National Historic Landmark, includes the battleground, monument and the Battleship Texas.
Washington-on-the-Brazos: Where Texas was born. The site on the Brazos River in Washington County was the site of the Convention of 1836 and the signing of the Texas Declaration of Independence from Mexico. The site today includes the Star of the Republic Museum, Independence Hall and Barrington Living History Farm.
Texas State Cemetery: The 22-acre cemetery near downtown Austin is the final resting place of some of the states most famous luminaries, including Stephen F. Austin, the Father of Texas.
Bishops Palace: One of many historic home sites in Galveston, it was built as a private residence in 1886, survived the 1900 hurricane and was acquired in 1923 by the Galveston-Houston Dioceses bishop. Furnishings include a mantel that won first-prize at the 1876 Philadelphia Worlds Fair, a Venetian crystal chandelier and a grand staircase.
Texas has more than 275 wineries, according to the Texas Wine & Grape Growers Association, and ranks fifth among states in wine production and grape growing. A study by Texas Tech Universitys Wine Marketing Research Institute put employment at state wineries at more than 10,700 and the annual economic impact from them at $1.83 billion. Among the states diverse collection of wineries:
Ste. Genevieve Wines: This Fort Stockton winery is the biggest producer in the state, turning out some 630,000 gallons of wine each year.
Llano Estacado Winery: Located, appropriately, in Grapevine, this winery produces about 220,000 cases of wine each year.
Becker Vineyards: Offerings at the Stonewall winery in the Texas Hill Country include hand-crafted, award-winning Bordeaux, Burgundian and Rhone-styled wines.
Messina Hof Hill Country: This winery in Fredericksburg produces dry white sparkling wines, semi-dry wines, red wines, ports and dessert wines.
8Texas cities among the top 15 fastest-growing
cities, according to U.S. Census Bureau population estimates
data from April 1, 2010 through July 1, 2011.
Vintage texasby the numbers
historiC stops
From quality of life to work and play, Texas is head and shoulders above other places.John F. Crawford, president and CEO of Downtown Dallas
digiTal ediTiOn spOnsOred By WharTOn ecOnOmic develOpmenT cOrpOraTiOn | WWW.WharTOnedc.cOm
Texas is a magnet for business across a range of industries, from advanced manufacturing to life sciences, energy, aerospace and information technology. The Lone Star State is also a prime headquarters destination for some of the worlds best-known brands.
ExxonMobil, No. 2 on the Fortune 500 largest U.S. public company list, is based in Houston. The energy giant, the worlds largest integrated oil company, is involved in oil and gas exploration, production, supply, transportation and marketing worldwide. It supplies refined products to more than 25,000 gas stations in 100 countries. Other companies with globally known brands that are based in Texas include:
Kimberly-Clark: The paper products giant, whose signature brands include Huggies, Kleenex and Scott, is based in Irving in the Dallas-Fort Worth Metroplex.
Southwest Airlines: The low-cost carrier that revolutionized the airline industry was born in Texas and it maintains its headquarters in Dallas. The carrier broke ground in fall 2012 on a $100 million, nearly 500,000-square-foot expansion of its headquarters complex.
Dr Pepper Snapple Group: The iconic soft drink Dr Pepper was invented in Waco in 1885. The Plano-based companys line of beverages also includes 7Up, the Snapple iced tea lines and Canada Dry products.
Neiman Marcus: The famous high-end retailer, which operates 41 Neiman Marcus stores across the United States and two Bergdorf Goodman stores in Manhattan, is based in Dallas.
Texas is the Motor State. The Lone Star State has more than a 50-year legacy in auto manufacturing and it is a top-ranked state for automotive employment and establishments, vehicle retail market size and vehicle registrations. The state is the single largest retail market for full-sized pickups.
General Motors has been a presence in Arlington since 1954. Today, the 2,400 workers at the 3.75 million-square-foot Arlington assembly complex turn out 1,140 vehicles each day, including the GMC Yukon, Chevrolet Suburban and Tahoe, and Cadillac Escalade. Other major auto-related manufacturing in the state includes:
Toyota: The automaker opened a plant in San Antonio in 2006 to produce the Tundra full-size pickup truck and began manufacturing the Tacoma pickup for the entire North American market there in August 2010.
Navistar: The commercial truck and vehicle manufacturers Garland plant makes several service trucks, such as the International WorkStar and International PayStar hauling vehicles, as well as a Mine Resistant Ambush Protected vehicle, used for military applications. The company also has a major parts distribution center in Dallas.
Peterbilt: The big rig builder, a division of PACCAR Inc., has its headquarters in Denton, where it also has a manufacturing facility.
made here
Whos here
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The Lone Star State hosts seven professional golf events annually four for the PGA Tour, two for the Champions Tour and one for the Web.com Tour. Texas has produced some of the games most famous players, including Ben Crenshaw, Ben Hogan, Tom Kite, Byron Nelson and Justin Leonard.
The state includes some of the nations most challenging and renowned golf courses, two of which placed on Golf Digests Americas Greatest Golf Courses 2013-14.
Dallas National Golf Club, designed by golf architect Tom Fazio, is a 7,326-yard course carved out of The Metroplexs rugged terrain. Whispering Pines Golf Club in Trinity is a 7,473-yard challenge that Golf Digest describes as a dazzling romp across a gently rolling landscape, culminating in a final six-hole stretch along gator-infested Caney Creek and the headwaters of Lake Livingston.
You dont need to be a club member to play top courses in Texas. The state features highly regarded public courses, including these named by Golf.com as among the best public golf courses in Texas in 2012:
Fazio Foothills and Fazio Canyons: Both courses, located in Austin, are part of the Barton Creek Spa & Resort and were designed by Tom Fazio. The Fazio Foothills features cliff-lined fairways, limestone caves and waterfalls, while the 7,153-yard Fazio Canyons is home to the Barton Creek Golf Academy.
Pine Dunes Resort & Golf Club: This Frankston club includes a 7,118-yard course and on-site lodging for stay and play groups.
The Rawls Course at Texas Tech: The 7,207-yard course in Lubbock hosts 30,000 to 35,000 rounds per year from a 3,200-foot elevation and a layout stocked with berms surrounding the course that rise 10 to 15 feet above the playing surface.
Texas has had a major influence on music across a range of genres, from jazz to blues to gospel, big band, rock and tejano.
The Texas Music Museum (texasmusicmuseum.org) in Austin is a keeper of artifacts that chronicle the rich history of music in the Lone Star State.
TMM volunteers interview and photograph Texas musicians and collect and preserve artifacts, early photos, documents and reference materials having to do with the diverse musical traditions of the state.
Through permanent and rotating exhibits, the museum has chronicled the diverse heritage of the states musical segments such as East Austins African-American music history that helped establish the city as Live Music Capital of the World, the music of Texas Native American tribes, early cowboy songs, the development of early Mexican American bands and the rise of ragtime legend Scott Joplin, a native of Linden, Texas.
Texas has given the world some of its most famous musical performers, from Buddy Holly (Lubbock) to Roy Orbison (Wink) to Janis Joplin (Port Arthur) to Freddie King, (Gilmer), Kenny Rogers (Houston) and Beyonce (Houston).
The states deep roots in western music, including such pioneers as the king of Western swing Bob Wills, greatly influenced the country music genre.
Texas stamp on country music is indelible, producing some of the most renowned recording artists of all time, names such as George Strait, Willie Nelson, Waylon Jennings, Jim Reeves and Ray Price.
The Texas legends of country music are enshrined in the Texas Country Musich Hall of Fame in Carthage (www.carthagetexas.com/HallofFame).
The 13,000-square-foot hall includes a major exhibit commemorating Reeves, a Panola County native whose recordings continued to sell in the millions long after his death in a plane crash in 1964.
The hall is also home to the Tex Ritter Museum, which showcases the life of the famed singing cowboy and film star, and also a Panola County native.
musiC
by the numbers
golf
552,000New jobs created in Texas between August 2008 and March 2013, the most of any state during that period
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Business climate
industry epicenter
By any measure, Texas is an economic dynamo Thanks To iTs Thriving Business climaTe and
aBundance of new joBs
Texas has exporTed more goods Than any
oTher sTaTe for 11 consecuTive years.
The Texas economy added more Than 581,700 joBs BeTween decemBer 2009 and decemBer 2012.
incenTive programs are aTTracTing new
Businesses and encouraging expansions
and invesTmenTs.
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texas is a hit maker in creating jobs, attracting investment and promoting innovation, and it has stayed at the top of the charts with a string of recent successes.
Between December 2009 and December 2012, the Texas economy added 581,700,000 jobs the most of any state during that three-year period. Over the past decade, the state has created more than
1.4 million jobs, an accomplishment nurtured in part by its highly desirable business climate, lower costs and favorable regulatory environment.
Texas has the nations best economic climate, and that creates jobs and provides opportunity for anyone looking to build their business, from a kitchen table startup to an international corporation, says Texas Gov. Rick Perry. It isnt by accident we remain committed to the
principles that have made our states economy strong, as well as maintaining a workforce that can fill the needs of any 21st-century employer.
Proof of its economic prowess can be found at the top of most any comparative ranking. Texas was:
Named 2012 State of the Year by Business Facilities magazine, which noted that Texas had the most dynamic economy of any state in the nation.
Named the top state on Chief
Texas Key Industries
Advanced Manufacturing The Texas manufacturing sector employs nearly 874,000 people with an average annual wage of $64,000.
Aerospace & Aviation Texas has nearly 1,650 aerospace, aviation and defense companies that employ more than 152,600 workers.
Information & Computer Technology Texas, the integrated circuit birthplace, has more than 15,100 information technology firms.
Financial Services The financial services industry in Texas employs more than 450,000 workers.
Biotechnology & Life Sciences The Texas biotechnology industry includes 3,400 companies and employs nearly 90,000 people.
Petroleum Refining & Chemical Products more than 27 percent of all gasoline refined in the united states comes from one of the 27 refineries in Texas.
Transportation & Logistics The Texas transportation infrastructure includes 13 deep-water ports, 26 commercial airports and more than 306,000 miles of public roads.
Energy Texas is a leader in oil and gas production as well as wind energy and biofuels.
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Executives Best State for Business in 2013, the ninth consecutive year it has received the recognition, which is based on a survey of business decision makers.
No. 1 on Area Development magazines Top States for Doing Business list for 2012.
The winner of Site Selection magazines 2012 Governors Cup, based on the 761 capital investment projects in the state for that year that resulted in an investment of at least $1 million, created 50 or more new jobs or involved construction of new space of at least 20,000 square feet.
Represented by six metros in the top 20 spots in the Milken Institute 2012 Best-Performing Cities ranking (Austin, Houston, Fort Worth, Dallas, El Paso and Lubbock).
If Texas were a nation, it would have the 13th largest economy in the world based on its $1.4 trillion Gross Domestic Product. Thats more than South Korea, the Netherlands and Turkey, among others.
The state has built a highly diverse economy that includes major industry clusters in aerospace and aviation, advanced technology and manufacturing, biotechnology and life sciences, energy, computers and information technology, and petroleum refining and chemicals.
Incentives: Job Creation Tools
Texas brings to its arsenal a suite of innovative incentive programs designed to encourage expansion, investment and job growth.
The Texas Enterprise Fund (TEF), called the largest deal-closing fund of its kind in the nation, was implemented in 2004. Companies can earn grants for bringing projects that offer significant job creation and capital investment when Texas is competing with another viable out-of-state option. The fund gives Texas the competitive edge
Job Additions for 10 Largest States
= 25,000 Jobs
Source: U.S. Bureau of Labor Statistics, Regional and State Employment Data
Texas: +581,700
New York: +295,700
Pennsylvania: +152,600
Michigan: +142,300
Illinois: +105,700
North Carolina: +80,600
Georgia: +131,400
Ohio: +98,100
Florida: +44,400
Texas led the 10 largest states in job gains from december 2009 through december 2012, based on employees on nonfarm payrolls. Texas gained almost as many jobs in that period than new york, california and florida combined.
California: +250,800
austin ranks first in nerdWallet.coms list of top ten cities for Job seekers, followed by Houston (#5), Fort Worth (#6), Dallas (#7) and san antonio (#9). NerdWallet.com, January 2013
texas tops allied Van lines magnet states list for the eighth year in a row. SIRVA/Allied Van Lines, December 2012
americas Best state for Business 2012. CNBC, 2012 top state for economy and infrastructure. CNBC, 2013
accolaDes
texas WiDe open for business
The milken institute Best-performing cities index is a data-driven gauge of economic strength in u.s. metro areas. The comparative index measures such factors as job, wage and technology growth to determine how metro areas are performing economically. in 2012, Texas had six of the top 20 metros on the ranking, more than any other state.
Milken Institute 2012 Best-Performing Cities
1. united states: $15.7 trillion
2. china: $8.2 trillion
3. japan: $6.0 trillion
12. australia: $1.54 trillion
Texas: $1.40 Trillion
13. spain: $1.35 trillion
14. mexico: $1.18 trillion
15. south korea: $1.12 trillion
16. indonesia: $894.9 billion
17. Turkey: $794.5 billion
18. netherlands: $773.1 billion
19. saudi arabia: $727.3 billion
20. switzerland: $632.4 billion
Source:CIA World Factbook, 2012
Source: The Milken Institute
20. Lubbock
10. Fort Worth-Arlington2. Austin-Round Rock-San Marcos
14. Dallas-Plano-Irving
4. Houston-Sugar Land-Baytown
3. Raleigh-Cary, NC
9. Charleston-North Charleston-Summerville, SC
11. New York-White Plains-Wayne, NY-NJ
8. Cambridge-Newton-Framingham, MA
17. Peabody, MA
5. Washington-Arlington-Alexandria, DC-VA-MD-WV
1. San Jose-Sunnyvale-Santa Clara, CA
19. Bakersfield-Delano, CA
6. Salt Lake City, UT
12. Fort Collins-Loveland, CO
7. Provo-Orem, UT15. Boulder, CO
13. Seattle-Bellevue-Everett, WA
16. Kennewick-Pasco-Richland, WA
18. El Paso
Texas GDP By Year
Worlds Largest Economies (2012 GDP estimate)
2010: $1.22 trillion
2011: $1.30 trillion
2008: $1.21 trillion
2009: $1.13 trillion
2012: $1.40 trillion
Winner: 2012 Governors cup. Site Selection, March 2013
No 1.: Dallas, on Forbes Best cities for Good Jobs list, followed by Houston (#2), austin (#3), Fort Worth (#4), and san antonio (#6). Forbes, February 2013
2012 state of the Year. Business Facilities, January 2013
2012 and 2013 Best state for Business, Chief Executive
accolaDes
in attracting new businesses to the state and assisting with the expansion of existing businesses that might otherwise opt to expand elsewhere.
The TEF was the driving force behind Caterpillars decision to relocate its engine assembly, paint and testing operations to Seguin, generating more than $176.8 million in capital investment and creating more than 1,700 new jobs for Texans. To date, the TEF helped draw 67,275 new jobs and a capital investment of more than $20.1 billion.
In 2005, the Texas Legislature created the Texas Emerging Technology Fund (TETF) under the guidance of Gov. Perry, providing Texas with an advantage in R&D and commercialization of emerging technologies.
Companies can receive grants that help take ideas from concept to development to ready for marketplace; create public-private partnerships that leverage the strengths of universities, federal government grant programs and industry; and enable Texas higher education institutions to recruit the best research talent in the world.
Doing Business With the World
The state is also an export powerhouse, sending goods valued at $265.4 billion outside the United States. In 2012 it topped all other states for exports for the 11th consecutive year.
Businesses have the benefit of our central location and extensive transportation network, Gov.
Perry says. Thats why more than 100 Fortune 1000 companies call Texas home.
Texas is a corporate address, home to 52 Fortune 500 companies, and a string of new business investments and expansions.
Texas continues to be a beacon of opportunity for entrepreneurs and job creators looking for a skilled and competitive workforce and freedom from over taxation, over regulation and over litigation, Gov. Perry says. Weve worked hard to make Texas the best state in the nation to live, work, raise a family and own a business, and well continue strengthening the economic pillars that have helped us become a national example of job creation and economic strength.
Story by Stephanie Vozza
44 || Texas Wide Open fOr Business
The BesT Brand in Business
Cost advantage, workforCe, innovation Create winning
formula in texas
Business and Workforce
Texas Wide Open fOr Business
Houston, home to a workforce of more than 2.7 million people, is a top spot for energy companies.
44 || Texas Wide Open fOr Business digiTal ediTiOn spOnsOred By WharTOn ecOnOmic develOpmenT cOrpOraTiOn | WWW.WharTOnedc.cOm
L ike the adventurous settlers who came looking for opportunity, many business pioneers have prospered in Texas. Texas Instruments, Dell and Southwest Airlines once innovative startups have all grown into major players in the global economy.
Texas is home to more than 100 Fortune 1000 companies across a gamut of industries, from energy to telecom to retail to financial services. And the state is home to some of the nations best-known private companies, including Neiman Marcus and grocery chain HEB.
Business Friendly
One of the elements attracting growth and investment is the states favorable tax structure, with no personal or corporate income taxes levied. Texas ranks favorably on the Tax Foundations State Business Climate Tax Index, providing a ripe environment for business expansion and relocation.
Entrepreneur Erica Douglass moved her tech company from California to Austin. Whoosh Traffic provides a suite of easy-to-use SEO tools to clients who want more site traffic. Douglass says she lived all of her adult life in California, but fell in love with Austin when she visited for the SXSW convention.
Austin is young and vibrant, she says. Its a great startup community and has a
Largest Private comPanies Based in texas
Company Type Location
HeB grocery grocery retailer san antonio
energy future Holding Corp. power utilities dallas
CC media Holdings radio stations san antonio
republic national distributing Co. beverage wholesale Houston
michaels stores inc retailer irving
gulf states toyota inc. auto and parts wholesaler Houston
neiman marcus retailer dallas
Hunt Consolidated inc. oil and gas dallas
strong business environment. Taxes in California are stif ling. In Austin, you dont need to sell your soul to pay for a mortgage.
Douglass says she was happy to find a local community that is close knit. Everybody knows everybody, and people are willing to extend a hand, she says.
High-end retailer Neiman Marcus headquarters are in downtown Dallas.
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Top 10 Fortune 500 Companies Headquartered in Texas
Enterprise Products Partners
Plains All American Pipeline
Dell
Sysco
ExxonMobil
ConocoPhillips
AT&T
Valero Energy
Tesoro Phillips 66
Weve had no problem finding qualified people to fill our positions.
A Climate for Growth
Several other companies have announced recent expansions and relocations. ADP, the global human resources, payroll, tax and benefits administration solutions giant, is expanding its operations in El Paso, creating 585 jobs and $22 million in capital investment. Credit card giant Visa Inc. will build a global IT center in Austin, creating nearly 800 new jobs within five years, with an average annual wage of more than $113,000.
Layne Christensen Consulting, a company that provides a number of services related to water management, mineral exploration and energy, consolidated its corporate offices to the Houston area in December 2012.
Establishing a collaborative and sustainable culture is part of Laynes overall strategy, says Jenny Caulk, corporate communications manager. The Houston area provides us with greater access to the worlds natural resources clients. The move also placed us in the fourth-largest city in the United States,
enhancing access to current and potential clients, as well as bringing together corporate functions and divisional leadership.
We have a very business-friendly environment in terms of low-cost tax structure, says Fred Welch, vice president of regional economic development for the Greater Houston Partnership. Houston is also a modern, clean city, with amenities a young person would like to have and opportunities to find employment.
California-based oil company Chevron Corp. is moving 800 jobs to Houston over the next two
Erica Douglass, CEO and co-founder of Whoosh Traffic, relocated her company from California to Austin.
Texas Instruments wafer fabrication in Richardson
years. Software service provider TEKsystems Global Services is creating a new IT center in Irving, creating 500 jobs and a capital investment of $4.8 million. And USAA, a leading financial services provider for the military community and their families, is expanding its San Antonio headquarters facility, bringing up to 1,000 new jobs by the end of 2015. The company already employs more than 16,400 people in San Antonio.
Something for Everyone
Texas has become the Third Coast, says John F. Crawford, president and CEO of Downtown Dallas. Were drawing big companies because we have a strong economy, recreational opportunities, geography and culture. Bounce that off of whats happening in California, New York and Illinois, and you cant
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digitaL magazine
compare our taxation and regulation issues. Its a no-brainer why companies are looking at Texas as a relocation spot. From quality of life to work and play, Texas is head and shoulders above other places. We have a positive check in each one of those boxes.
Story by Stephanie VozzaPhotography by Jeff Adkins
and Brian McCord
44 || Texas
THE BEST BRAND IN BUSINESSCOST ADVANTAGE, WORKFORCE, INNOVATION CREATE WINNING FORMULA IN TEXAS
BUSINESS AND WORKFORCE
44 || Texas
businessclimaTe.com/Texas || 45
Houston, home to a workforce of more than 2.7 million people, is a top spot for energy companies. L ike the adventurous settlers who came looking for opportunity, many business pioneers have prospered in Texas. Texas Instruments, Dell and Southwest Airlines once innovative startups have all grown into major players in the global economy.In fact, no other state is home to more Fortune 1000 headquarters. Texas ranked No. 1 on the 2012 Fortune 1000 list, with 103 companies, and No. 2 on the 2012 Fortune 500 list with 52 companies based in the state, including No. 1 ExxonMobil. And the state is home to some of the nations best-known private companies, including Neiman Marcus and grocery chain HEB.Business FriendlyOne of the elements attracting growth
and investment is the states favorable tax structure, with no personal or corporate income taxes levied. In fact, Texas ranked ninth on the Tax Foundations State Business Climate Tax Index in 2012, providing a positive environment for business expansion and relocation.Entrepreneur Erica Douglass moved
her tech company from California to Austin. Whoosh Traffic provides a suite of easy-to-use SEO tools to clients who want more site traffic. Douglass says she lived all of her adult life in California, but
LARGEST PRIVATE COMPANIES BASED IN TEXASCompany
Type Location
HEB Grocery
grocery retailer San Antonio
Energy Futures Holding Corp. power utilities
Dallas
CC Media Holdings
radio stations San Antonio
Republic National Distributing Co. beverage wholesale
Houston
Michaels Stores Inc
retailer
Irving
Gulf States Toyota Inc. auto and parts wholesaler
Houston
Neiman Marcus
retailer Dallas
Hunt Consolidated Inc. oil and gas
Dallas
fell in love with Austin when she visited for the SXSW convention.Austin is young and vibrant, she says. Its a great startup community and has a strong business environment. Taxes in California are stifling. In Austin, you dont need to sell your soul to pay for a mortgage.
Neiman Marcus corporate headquarters is located on Main Street in downtown Dallas.
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if a state is known by the companies it keeps, then texas is a popular place to be. with more than 100 of the 2012 fortune 1000 companies calling texas home, the lone star state is a national leader in attracting the highest-revenue public companies.
ranking no. 2 on the list overall, exxonmobil is headquartered in irving in the dallas-fort worth metroplex. the worlds largest publicly traded international oil and gas company, exxonmobil provides energy that helps
grow economies around the world.in addition to oil, texas has a strong
technology base. Computer leader dell was launched in texas in 1984 when founder michael dell was a student at the university of texas at austin. operating from his dormitory room, dell sold personal computer systems directly to consumers. today, dell ranks sixth on texas list of fortune 500 companies, and the business in the 51st spot overall.
texas is home to consumer goods
manufacturers, such as kimberly-Clark, a paper products maker founded in wisconsin that moved its headquarters to irving in 1985. retailers are also strongly represented. gamestop, the worlds largest retailer of video games, got its start in dallas. and natural foods grocer whole foods first opened its doors in austin.
from energy to transportation, a wide range of companies call texas home.
Stephanie Vozza
Elite Companytexas is an address of CHoiCe for tHe fortune 500
fortune 500
Top Public Companies in Texas Fortune 500 Ranking Location Revenue
exxonmobil 2 irving $449.9 billion
Phillips 66 4 Houston $169.6 billion
valero energy 9 san antonio $138.3 billion
at&t 11 dallas $127.4 billion
ConocoPhillips 45 Houston $63.4 billion
dell 51 round rock $56.9 billion
enterprise Products Partners 64 Houston $42.6 billion
sysco 65 Houston $42.4 billion
Plains all american Pipeline 77 Houston $32.5 billion
tesoro 95 san antonio $32.5 billion
Halliburton 106 Houston $28.5 billion
fluor 110 irving $27.6 billion
amr 121 fort worth $24.9 billion
Baker Hughes 135 Houston $21.4 billion
kimberly-Clark 136 irving $21.1 billion
usaa 139 san antonio $20.7 billion
Hollyfrontier 143 dallas $20.1 billion
national oilwell varco 144 Houston $20.0 billion
energy transfer equity 161 dallas $17.3 billion
southwest airlines 164 dallas $17.1 billion
Texas Wide Open fOr Business
Imagine earning $500 million on an initial investment of $1.8 million. Thats the powerful return that the Texas economy and the city of Paris can expect over the next decade from just one recent success from the Texas Enterprise Fund (TEF).This creates a compelling return on investment
from not only the TEF funding commitment, but also for local incentives, says Steve Gilbert, executive director of the Paris Economic Development Corporation.
The TEF investment helped Paris successfully compete against locations in South Carolina, Pennsylvania and Nebraska for a new Skinner Baking Company production facility. The Omaha, Neb.-based company is investing $25 million to reopen a shuttered Sara Lee facility and expects to create 393 jobs. Many of those new workers will likely be former Sara Lee employees who lost their positions when that company ceased operations in Paris, Gilbert says.
The TEF, along with the Texas Emerging Technology Fund (TETF), are pillars of state incentive programs that encourage economic development. Through May 2013, the TEF invested more than $485.3 million and closed the deal on projects generating more than 67,100 new jobs and more than $20.1 billion in capital investment in the state. The fund provides cash grants for projects that offer significant projected job creation and capital investment. It is used when a single Texas location is
In With the New
Strong State incentive programS lead to capital inveStment and job creation
IncentIve Programs
Skinner Baking Co.
digiTal ediTiOn spOnsOred By WharTOn ecOnOmic develOpmenT cOrpOraTiOn | WWW.WharTOnedc.cOm
Texas eNTerprIse FuNdas the largest deal-closing fund of its kind in the nation, the teF continues to attract businesses to texas. the fund is used only as a final incentive tool where a single texas site is competing with another viable out-of-state option. additionally, the teF will only be considered to help close a deal that already has significant local support behind it from a prospective texas community.
Ferris Manufacturing
TEKsystems Global Service
CH2M Hill
Dow Chemical
Flexsteel Pipeline Technologies
Kuraray Americas
Layne Christensen Co.
Emerson Process Management
Ascend Performance Materials
Continental Automotive (Seguin)
Tenaris
Borusan Mannesman Pipe
James Skinner
CentenePactiv
ADP
TeF awards Job Creation by Industry FY 2012-13*
Total Texas Jobs Committed directly From TeF awards since 2003*
Locations of recent TeF project awards
*as of 5/31/13
*5/31/13
manufacturing
2,805
Business services and
corporate management
870
Information technology
5,685
Biomedical and Health care
100
Financial services
$$1,094
committed capital investment
$20.1B+ manufacturing: 21,890business Services and corporate management: 5,867
information technology: 15,579biomedical and Health care: 11,143Financial Services: 11,810
Apple
HID Global
The Advisory Board
Visa
National Instruments
CGI Technologies
competing with out-of-state options.The TETF is a cash-grant program designed to
help the state create jobs and grow the economy over the long term by expediting the development and commercialization of new technologies and attracting and creating jobs in technology fields. The program works through partnerships between the state, higher education institutions and private industry to focus greater attention on research, development, and commercialization of emerging technology.
Sweet Success
Incentive programs create a strong partnership between communities and employees, says Audie Keaton, president of Skinner Baking Company.
With a focus on moving forward, J. Skinner has
partnered with the people of Paris, Keaton says. With a commitment to the craft of baking and providing unforgettable eating experiences, J. Skinner will continue to be an industry leader within our category and Paris, Texas, will be part of the recipe for success.
The company supplies more than 200 million pastries and baked goods every year under its own brand name and other labels. Customers across the country include store bakeries, food service companies and distributors. The company also provides services for contract food manufacturers.
Risk Management
A $1.2 million TEF investment assisted in financial services and investment firm TD Ameritrade
This creates a compelling return on investment from not only the TEF funding commitment, but also for local incentives.
Steve Gilbert, executive director of the Paris Economic Development Corp.
TD Ameritrade expanded its Fort Worth facility after receiving
a $1.2 million TEF investment. Photo by Brian McCord
Texas Wide Open fOr Business
HID Globals new, 200,000-square-foot Global Operations Center in Austin received a $1.9 million TEF investment.
choosing its Fort Worth operation for an expansion. The expansion is expected to create nearly 500 jobs within four years and generate an estimated $11 million in capital investment.
Weve experienced strong growth over the past several quarters, and we are well positioned for that momentum to continue. This project emphasizes our commitment to our associates and the city of Fort Worth. We are quite pleased that the state has recognized that commitment and invested in the expansion of our local facility through the Texas Enterprise Fund, TD Ameritrade President and CEO Fred Tomczyk says.
For relocating companies, such incentives offset the financial risks inherent in moving to a new city, says Jeremy Hyatt, director of global public relations for HID Global. At the same time, incentives hold companies accountable to their commitment to local hiring, capital investments and other promises, such as environmentally sustainable practices.
HID Global, an international leader in secure identity solutions, is building its new Global Operations Center in Austin. The $35.3 million investment, which is expected to create more than 250 jobs, was assisted by a $1.9 million TEF investment.
The state and city incentive is an investment in companies that have the promise to improve the business climate in the state. The company must demonstrate up front a plan that provides a return on the state investment, Hyatt says. The city and state receive a company that commits to local recruiting and hiring and capital investment to grow a business. The result is more employed citizens and an increased revenue base. The detailed process enables the state to have confidence in the company based on future investment plans and past business performance.
Story by Bill Lewis
Texas emerging Technology Fund awardsthe goal of the tetF commercialization awards is to grow new small businesses and existing businesses to accelerate new products and services to the marketplace, ensuring a vibrant economy for texas and a global leadership position. commercialization awards provide selected, early-stage investments in new, technology-based, private entrepreneurial entities that collaborate with higher education institutions in texas and provide economic benefit to the state.
syndiant Inc.
$3.5 million
Photon8 Inc.
$650,000
monebo Inc.
$500,000
Falcon International
$850,000
itrobotics Inc.
$750,000
Ph
oto
by
Je
ff
Ad
kin
s
reBellIon PHotonIcs
Making the World Safer
a $1 million commitment from the texas emerging technology Fund is helping rebellion photonics develop and commercialize new technologies, create jobs and make the world more secure, all from an address in Houston.
rebellion makes what is called the worlds most sensitive chemical imaging video camera for applications as diverse as national defense, biological research, food safety, refinery safety and forensics.
the company was spun off from rice University to commercialize its hyperspectral video imaging technology, which has uses ranging from U.S. air Force unmanned aerial vehicles drones to gas leak detection. the company received a tetF commercialization award and is eligible to receive up to $1 million.
investments like these by the texas emerging technology Fund are key to keeping the lone Star State competitive, and continue to provide the critical, early stage capital that attracts innovative entrepreneurs to develop the next big idea in texas, gov. rick perry said in announcing the tetF investment.
others are taking notice. R&D Magazine named rebellions arroW hyperspectral camera as a recipient of a 2012 r&d award, which recognizes the past years 100 most technologically significant creations.
Support from the tetF and the federal Small business innovation research program has helped position rebellion for success.
robert Kester and i founded rebellion photonics around technology he and his colleagues at rice University created with support from a federal grant for basic bioengineering research, says ceo allison lami Sawyer. Since then, we have created seven jobs, raised $1.1 million in venture funding, become cash flow positive and created products that truly make the world a safer place.
Bill Lewis
City of Cibolo has welcomed Sanjel, and has worked tirelessly to help us build our business and become an active member of the community.
Sanjel is a specialized, privately owned global energy service company with more than 30 years of experience. The companys large-scale, international operations stretch across North America and overseas. Sanjel employs approximately 3,500 team members in more than 30 field districts, 11 laboratories, 11 regional maintenance facilities and three training centers. Sanjel provides two specialized product offerings Pressure Pumping and Completions. Each product offering is complete with its own innovative engineering products and custom-designed and -manufactured equipment.
Cibolo, which is a Native American word for buffalo, was officially founded in 1965 as a city. Development since 2005 has a growth rate as high as 384 percent, making Cibolo one of the fastest-growing cities in Texas.
Cibolos population was a mere 400 in 1970. Cibolos current population is 25,000, having
grown from 3,035 people since the 2000 census. In 2012, Cibolos city limits stretched from IH 35 to
IH 10, encompassing as much as 39 square miles. Cibolos population includes diverse people with an average age
of 35, a higher level of educational attainment and higher than average incomes found in neighboring communities.
Cibolo is a vibrant community located just minutes from the Randolph Air Force Base and is ideally situated with ready access to both IH 35 (the NAFTA Highway) and IH 10. Cibolo
is less than 25 miles from downtown San Antonio and is a short commute to the San Antonio International Airport, the city of Austin and many other major employment and cultural centers of South Texas. Cibolos rapidly growing residential base will support many retail and service businesses. Cibolo also boasts two industrial parks with local, national and international firms, which offer opportunities for industrial prospects as well. Amenities within the Guadalupe Industrial Park include full water, waste water, gas and electrical services, as well as rail access.
Cibolos population is complemented by a higher than average percentage of entre-preneurs, and a growing service and commercial base. Significant development of commercial properties is in the planning stages. The citys master plan focuses on features such as natural elements, culture, open space, civic and cultural centers, retail, businesses and corporate headquarters, single-family homes, public structures and plazas all in a walkable location adjacent to rail. With our athletic population, the city will welcome those outdoor enthusiasts to activities, parks, trails, hotels, outdoor auditoriums, professional conferences, sports and local/regional events.
CITY OF CIBOLO P.O. Box 826 200 S. Main St. Cibolo, TX 78108 City Hall: (210) 658-9900 Fax: (210) 658-1687 Economic Development Office: (210) 658-9900, Ext. 3118 www.cibolotx.gov
City of Cibolo
Based in Cibolo, Texas, Kalmar RT Centeris the only manufacturer of rough terrain reach stackers in the world. Originally built exclusively for the U.S. Department of Defense and used in actual combat zones, Kalmars RT240 Rough Terrain Reach Stacker is now available to
companies and organizations around the globe.
The Kalmar RT240 has the ability to:
Grab containers in almost any position on the ground usingside-shifting, slewing, tilting and leveling maneuvers
Carriesup to56,000-poundload
Stacks 20-foot and 40-foot ISO containers up to three high and two rows deep
Withstand temperatures ranging from -40 degrees F to 125 degrees F
Operates in60 inches of salt water
City of Cibolo has welcomed Sanjel, and has worked tirelessly to help us build our business and become an active member of the community.
Sanjel is a specialized, privately owned global energy service company with more than 30 years of experience. The companys large-scale, international operations stretch across North America and overseas. Sanjel employs approximately 3,500 team members in more than 30 field districts, 11 laboratories, 11 regional maintenance facilities and three training centers. Sanjel provides two specialized product offerings Pressure Pumping and Completions. Each product offering is complete with its own innovative engineering products and custom-designed and -manufactured equipment.
Cibolo, which is a Native American word for buffalo, was officially founded in 1965 as a city. Development since 2005 has a growth rate as high as 384 percent, making Cibolo one of the fastest-growing cities in Texas.
Cibolos population was a mere 400 in 1970. Cibolos current population is 25,000, having
grown from 3,035 people since the 2000 census. In 2012, Cibolos city limits stretched from IH 35 to
IH 10, encompassing as much as 39 square miles. Cibolos population includes diverse people with an average age
of 35, a higher level of educational attainment and higher than average incomes found in neighboring communities.
Cibolo is a vibrant community located just minutes from the Randolph Air Force Base and is ideally situated with ready access to both IH 35 (the NAFTA Highway) and IH 10. Cibolo
is less than 25 miles from downtown San Antonio and is a short commute to the San Antonio International Airport, the city of Austin and many other major employment and cultural centers of South Texas. Cibolos rapidly growing residential base will support many retail and service businesses. Cibolo also boasts two industrial parks with local, national and international firms, which offer opportunities for industrial prospects as well. Amenities within the Guadalupe Industrial Park include full water, waste water, gas and electrical services, as well as rail access.
Cibolos population is complemented by a higher than average percentage of entre-preneurs, and a growing service and commercial base. Significant development of commercial properties is in the planning stages. The citys master plan focuses on features such as natural elements, culture, open space, civic and cultural centers, retail, businesses and corporate headquarters, single-family homes, public structures and plazas all in a walkable location adjacent to rail. With our athletic population, the city will welcome those outdoor enthusiasts to activities, parks, trails, hotels, outdoor auditoriums, professional conferences, sports and local/regional events.
CITY OF CIBOLO P.O. Box 826 200 S. Main St. Cibolo, TX 78108 City Hall: (210) 658-9900 Fax: (210) 658-1687 Economic Development Office: (210) 658-9900, Ext. 3118 www.cibolotx.gov
City of Cibolo
Based in Cibolo, Texas, Kalmar RT Centeris the only manufacturer of rough terrain reach stackers in the world. Originally built exclusively for the U.S. Department of Defense and used in actual combat zones, Kalmars RT240 Rough Terrain Reach Stacker is now available to
companies and organizations around the globe.
The Kalmar RT240 has the ability to:
Grab containers in almost any position on the ground usingside-shifting, slewing, tilting and leveling maneuvers
Carriesup to56,000-poundload
Stacks 20-foot and 40-foot ISO containers up to three high and two rows deep
Withstand temperatures ranging from -40 degrees F to 125 degrees F
Operates in60 inches of salt water
The Gift of Site
site location
Texas Wide Open fOr Business
A weAlth of Attributes equAls A corporAte
locAtion AdvAntAge for the lone stAr stAte
digiTal ediTiOn spOnsOred By WharTOn ecOnOmic develOpmenT cOrpOraTiOn | WWW.WharTOnedc.cOm
62 || Texas Wide Open fOr Business
All RoAds leAd to HendeRson
For more information, contact: Sue Henderson (903) 657-9146
Land Available Now! (will trade property for jobs)
Job Creation Incentives Tax Abatements (both city and county)
Competitive Low Electrical Rates
Low Taxes Railroad Access
A Texas Main Street City in Rusk County,
with a network of highways radiating
from Henderson makes it one of the most
important highway centers in the East
Texas Region.A City on the GROW!
HendeRson economic development coRpoRAtion
www.hendersontx.us
When companies search for a new location, they look at numerous factors before making a decision. The availability of the labor pool, the educational attainment level of the workforce, transportation infrastructure, taxes, utilities and many other variables weigh into the equation.
Across the corporate location and investment measurements range, Texas makes a strong showing. Its why Area Development magazine rated Texas No. 1 overall on its Top States for Doing Business rankings. The corporate location professionals it surveyed ranked Texas tops for overall business environment, including its cost of doing business, corporate tax environment, incentive programs, speed of permitting, and access to capital and project funding. That combination has given the state a lead in attracting investment and creating jobs.
The Lone Star State received Site Selection magazines 2012 Governors Cup, which measures private-sector projects that involve investment of at least $1 million, create 50 or more jobs or include construction of new space of at least 20,000 square feet. Texas attracted 761 of those projects in 2012,
including 161 manufacturing projects, and its project count was 270 more than the second-place state.
The accolades highlight the successes that Texas has had in attracting companies, says Dean Barber, CEO of Plano-based Barber Business Advisors, which consults with companies considering sites from coast to coast.
The numbers prove that Texas has been doing relatively better than other parts of the country, Barber says. Here in Plano, its an exciting growth area. Im surrounded by corporate headquarters.
King R. White, president of Dallas-based Site Selection Group LLC, agrees that Texas has done well lately in attracting businesses.
Were seeing a lot of activity and a resurgence in the manufacturing type of projects, he says. Texas does hit the radar for a lot of those companies.
A recent survey of corporate relocation professionals rated the state in the top five for labor climate, availability of skilled labor, infrastructure and global access, including its logistics and distribution strength and rail and highway access.
Built for Business
Companies can benefit from Texas laws that allow communities to adopt 4A and 4B local sales and use
digiTal ediTiOn spOnsOred By WharTOn ecOnOmic develOpmenT cOrpOraTiOn | WWW.WharTOnedc.cOm || 63 62 || Texas Wide Open fOr Business
All RoAds leAd to HendeRson
For more information, contact: Sue Henderson (903) 657-9146
Land Available Now! (will trade property for jobs)
Job Creation Incentives Tax Abatements (both city and county)
Competitive Low Electrical Rates
Low Taxes Railroad Access
A Texas Main Street City in Rusk County,
with a network of highways radiating
from Henderson makes it one of the most
important highway centers in the East
Texas Region.A City on the GROW!
HendeRson economic development coRpoRAtion
www.hendersontx.us
1,585
Texa
s
666
Flor
ida
433
Ari
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a
451
Col
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o
348
Ore
gon
211
Cal
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nia
73
Oh
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-777
Mic
hig
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-537
New
Yor
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-882
Illin
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-948
Pen
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Move-In Conditionfor the eighth year in a row, texas in 2012 eclipsed every other state and maintained its lead as the top magnet state on Allied van lines 45th annual Magnet states report, which tracks u.s. migration patterns.
Texas Wide Open fOr Business
taxes to finance economic development efforts. That gives communities the ability to construct or acquire buildings, upgrade infrastructure and take other steps to serve businesses.
That helps a lot, especially on upfront investments, Barber says. A lot of economic development organizations in other states dont
have that kind of money.The tax structure allows Texas
cities to compete on a national scale. The state levies no personal or corporate income taxes, and the Tax Foundation ranked the state in the top 10 on its annual Best States for Business in 2012.
That gives a lot of leeway for some tertiary markets to compete
effectively with other parts of the country for a lot of these projects, White says.
White says Texas cities compare very favorably against other top locations in the nation for location investment. In terms of labor costs, Texas offers a high-quality workforce at affordable rates. For instance, White noted
no. 1: texas is the winner of Site Selections 2012 Governors cup, finishing with 761 projects in 2012, a 65 percent increase over its finish in 2011.
no. 1: Business Facilities magazine names texas its 2012 state of the Year, based on the state having the most dynamic economy of any state in the nation.
no. 1: on Chief Executives Best states for Business survey for 2013, which surveyed 736 business leaders. Texas was also CEOs Best State for Business in 2011 and 2012.
no. 1: Dallas tops Forbes.coms Best cities for Jobs in February 2013. The ranking includes Houston at No. 2, Austin at No. 3, Fort Worth at No. 4 and San Antonio at No. 6. No other state has more than one city in the top 10.
King R. White, founder and president of Site Selection Group in Dallas
the hits keep on cominG
Texas Wide Open fOr Business
discover more reasons why texas is a great place for business investment at businessclimate.com/texas.
telecommunications engineers in the Dallas area cost 15 to 20 percent less than people with the same skills in Silicon Valley.
One of the positive attributes we have is the quality of workforce around the state, White says. You can go to a Tier 1 city and find great technical talent and go to a Tier 2 or 3 city and find great skilled industrial labor.
Other costs of doing business are lower as well. For example, office space in Silicon Valley can be 20 percent to 25 percent higher than most Texas cities, White says.
Texans are ready to go to work, even in industries with which the state does not have a long legacy.
In most parts of Texas, even if theres not a strong manufacturing tradition, there is a kind of get-it-done attitude, Barber says. Its the ranchers attitude that says we may not know how to do it, but well figure it out.
Texas Measures Up
However, not all sides of a state can be captured on a spreadsheet.
There is an emotional aspect to corporate decision making and site selection, Barber says. What communities can offer in terms of quality of life can tip it one way or the other for a location.
Often, it takes a trip to Texas to see the whole picture of what makes the state so attractive.
Theres the qualitative aspect that happens when people visit the area and see what other employers are saying, White says. Theres a major difference when it comes to the friendliness factor of Texas culture and thats hard to put a price tag on.
Story by Gary WollenhauptPhotography by Brian McCord
Texas Wide Open fOr Business
Texas Draw
Business Benefits
Lower costs, business- friendLy environment offer major Location advantages
Chevron has moved about 800 jobs from San Francisco to the companys Houston facility, which is located in the downtown area.
digiTal ediTiOn spOnsOred By WharTOn ecOnOmic develOpmenT cOrpOraTiOn | WWW.WharTOnedc.cOm Texas Wide Open fOr Business
Texas meets those objectives on both fronts, with no personal or corporate income tax and a regulatory environment conducive to the needs of business.
Vranich says while the relocation and expansion trend is increasing all over the country, several states in particular, including California, have such a perceived negative business environment that hes seeing a sharp uptick in the number of companies making major investment decisions or locations elsewhere.
To be sure, Texas has enjoyed great success in drawing investment and creating jobs from many different sources. It is a major destination for foreign direct investment and its track record
of job creation through startups, expansion at existing businesses and relocation is impressive. Texas created 679,000 jobs between December 2009 and December 2012, more than any other state.
And state leaders have taken to the road to drive home the message of the Texas advantage. Gov. Rick Perry spoke to business leaders across California in early 2013 to highlight his states cost advantages and overall business friendliness. In November 2012, California passed Proposition 30, which creates new brackets for higher-earning individuals and raises the states sales tax.
A number of California companies have found the appeal
When Texas says it has created a business-friendly environment, it means it. And a wealth of comparative rankings underscores the states business vitality and appeal for site location, expansion and job creation.
Proof positive are listings that put Texas on top as a business destination.
In 2013, CNBC named Texas the top state for economy and for infrastructur on its annual Americas Top States for Business list.
Texas was also the first choice of business decision makers on Chief Executives annual Best States for Business in 2012, where CEOs noted the states low cost structure and favorable regulatory environment among its major attributes. Texas ranked No. 1 on the executive survey portion of Site Selection magazines Top State Business Climate list on 2012. Texas also won Site Selections 2012 Governors Cup based on the number of capital projects in the state.
You go where the opportunity is, say