Texas Our Texas
Thursday, June 14, 2012
The saying, “it’s not bragging if it’s true” is especially fitting when it comes to spreading the word about our state’s great economic climate. Just today CNN Money credited Texas as one of the most entrepreneurial states, noting “Texas doesn’t mess with entrepreneurs. It’s tax-friendly, with no personal or corporate income tax. Regulations don’t change frequently. Labor and housing costs are reasonable.” And we’ve also struck gold when it comes to our job creation and economic success, winning Area Development’s Gold Shovel Award. The magazine has added its voice to the chorus of national publications praising Texas’ low taxes, predictable regulations, fair legal system and skilled workforce. Texas has been recognized each year since the magazine began the awards, receiving the Gold Shovel in 2008, and Silver Shovels in 2006, 2007, 2009, 2010 and 2011. Pretty impressive!
Shovel awards are presented to states that have achieved significant success in job creation and economic impact. Participating states submit information about their top 10 job creation and investment projects, which are compared to projects in other states with comparable populations based on the number of high-valued added jobs per capita, amount of investment, number of new facilities, and industry diversity. Here in Texas we are obviously doing something right. It’s nice to be recognized for a job well done!