Why Texas Is Big on Business
Looking to start or expand your business? Look no further than Texas. In addition to a natural geographic advantage and first-class transportation network, the Lone Star State is known nationally as a state that means business when it comes to economic development…and Oncor is proud to partner with you to meet your location siting and infrastructure needs.
In addition to some of the lowest business tax burdens in the nation – and competitive energy costs – Texans enjoy a high quality of life and low cost of living, as one of only a few states with no personal income tax. (Your employees will appreciate that come April 15!)
But don’t just take our word for it.
Texas was named the “Best State for Business” by CNBC and has been ranked the “Top State for Business” by CEO Magazine for the past six years.
National business publications continue to recognize Texas as a leader in growth potential and economic performance as Texas leads the nation out of recession.
Read what others are saying:
- "For sheer economic promise, no place beats Texas. Texas offers pro-business policies and relatively low taxes, and the physical infrastructure in the cities is generally as good or better than in many East and West coast metropolitan areas." – Joel Kotkin, Newsweek
- Texas is a "mecca for high tech, venture capital, aeronautics, health care and even industrial manufacturing like the building of cars and trucks."- WSJ.com (Subscription needed to view full article.)
- “If one state is a poster child for economic recovery, it's Texas…” – Forbes.com