Wednesday, December 07, 2011
Forbes.com: Texas Will Remain Top State For Jobs
Texas' healthy economy and robust job creation climate have combined to help the Lone Star State earn the "Best State for Jobs" ranking by Forbes, in a report that indicates the state's impressive record on job growth won't end anytime soon.
Forbes compared the forecasted five-year annual growth rate for jobs, total employment rate and unemployment rate for each state, based on data provided by Moody's Analytics. Texas' tax climate, pro-business climate and economic development incentives were noted as reasons to relocate or expand a business in the Lone Star State.
Tuesday, November 01, 2011
Texas Named Top U.S. Business Climate
Texas' healthy economy and robust job creation climate have combined to help the Lone Star State earn the Top Business Climate in the nation ranking by Site Selection Magazine.
Tuesday, September 27, 2011
Texas Takes Top Spot in Two Economic Development Surveys
Texas' jobs climate continues to receive accolades, with the Lone Star State ranked as best business climate of all 50 states by both Development Counsellors International (DCI) and Area Development magazine, with DCI also naming Texas "Best in Class" for state economic development organizations.
Tuesday, July 26, 2011
Texas bucks national unemployment trend
Finding work may not be quite that simple, but it sure seems that way. While the nation's job growth has limped along since the economic recovery began two years ago, the Lone Star State is enlarging payrolls in Texas-size fashion.
"From June 2009 to June 2011 the state added 262,000 jobs, or half the USA's 524,000 payroll gains, according to the Federal Reserve Bank of Dallas and the Bureau of Labor Statistics," the article said.
The article notes that recent job gains are outpacing the rate of Texas' population growth, with the state's payrolls rising 2.9 percent since the economic recovery began, while the nation experienced 0.4 percent growth. The article also notes that while energy plays an important part in Texas' economy, growth has been broadly based across several sectors, including professional and business services, education and health care and leisure and hospitality.
Article via USA Today »
Wednesday, July 06, 2011
The Next Big Boom Towns In The U.S.
Texas cities dominate Forbes’ “Next Big U.S. Boom Towns” Top 10 rankings. Austin topped the list, followed by #4 San Antonio, #5 Houston, and #7 Dallas.
Thursday, June 30, 2011
Texas Big Winner in U.S. Economy Shift
Texas moved past New York over the past decade to become the nation's second-largest economy, according to a USA Today examination of data released by the Bureau of Economic Analysis.
"Texas (GDP) notched one of the biggest increases in size in a half-century, surpassing $1 trillion in annual economic output," the USA Today article said.
According to the article, Texas' $1.2 trillion 2010 GDP represented a 26.8-percent increase since 2000.
Though California retained its first-place ranking as the state with the largest economy, the article indicated that California's share of the national economy, which peaked in 1990, shrank faster than all but three states from 2000 to 2010. Noting the growth of Texas, USA Today suggested the Lone Star State may soon challenge California for the top spot.
Article via USA Today »
Monday, June 27, 2011
10 U.S. Cities With the Lowest Cost of Living
Texas dominate’s Kiplinger’s Cities with the Lowest Cost of Living list in 2011, claiming five of the top 10 spots. Brownsville took the top spot followed by Fort Hood (#3), Sherman, (#5), Waco (#7), and Austin (#9).
Article via Kiplinger »
Wednesday, June 22, 2011
Tracking Economic Recession and Recovery in America’s 100 Largest Metropolitan Areas
Texas leads the nation with six cities - Austin, Dallas, El Paso, Houston, McAllen, and San Antonio - on the top 20 Overall Strongest-Performing Metro Areas list in Brookings Institute’s "MetroMonitor" quarterly report.
Article via Brookings Institute »
Friday, June 10, 2011
The Lone Star Jobs Surge: The Texas model added 37% of all net U.S. jobs since the recovery began.
Richard Fisher, the president of the Federal Reserve Bank of Dallas, dropped by our offices this week and relayed a remarkable fact: Some 37% of all net new American jobs since the recovery began were created in Texas. Mr. Fisher's study is a lesson in what works in economic policy—and it is worth pondering in the current 1.8% growth moment.
Using Bureau of Labor Statistics (BLS) data, Dallas Fed economists looked at state-by-state employment changes since June 2009, when the recession ended. Texas added 265,300 net jobs, out of the 722,200 nationwide, and by far outpaced every other state. New York was second with 98,200, Pennsylvania added 93,000, and it falls off from there. Nine states created fewer than 10,000 jobs, while Maine, Hawaii, Delaware and Wyoming created fewer than 1,000. Eighteen states have lost jobs since the recovery began.
The data are even more notable because they're calculated on a "sum of states" basis, which the BLS does not use because they can have sampling errors. Using straight nonfarm payroll employment, Texas accounts for 45% of net U.S. job creation. Modesty is not typically considered a Texas virtue, but the results speak for themselves.
Texas is also among the few states that are home to more jobs than when the recession began in December 2007. The others are North Dakota, Alaska and the District of Columbia. If that last one sounds like an outlier at first, remember the government boom of the Obama era, which has helped loft D.C. payrolls 18,000 jobs above the pre-crisis status quo. Even so, Texas is up 30,800.
Article via WSJ.com »
Monday, May 30, 2011
Texas Is Taking Lawsuit Reform To Another Level: What Others Are Saying....
"The Texas Association of Business applauds Gov. Rick Perry for his leadership to ensure that Texas' courts are balanced and fair to all," TAB President and CEO Bill Hammond said. "HB 274, considered a top priority by Gov. Perry, expedites legitimate claims while also putting a stop to frivolous claims early in the process. Every Texan should thank Gov. Perry for making this an emergency item for the session which ensured its passage."
"Governor Perry's loser pays legislation protects businesses and helps us grow jobs and paychecks in Houston," Jeff Moseley, President and CEO of the Greater Houston Partnership said. "The Greater Houston Partnership was an early supporter of the bill, and we are enthusiastic about how this law will make Texas even more business friendly. GHP applauds Sen. Joan Huffman and Rep. Brandon Creighton for their leadership on this legislation."
"The procedural protections in HB 274 will further cut the costs of litigation, allow quicker access to the courts, and create a more efficient judicial system," Ryan Brannan, an economic freedom policy analyst with the Texas Public Policy Foundation said. "In particular, the rulemaking authority given to the Supreme Court to allow a motion to dismiss for filing a frivolous lawsuit - something already done in federal courts - would be a great step forward. The procedural protections in this bill will go a long way toward ensuring that our judicial system dispenses justice according to the merits of the case rather than the size of the wallet...."
Thursday, May 12, 2011
Texas Cities Dominate Forbes’ Rankings of Best Cities for Jobs
Forbes Magazine recently released its annual list of Best Cities for Jobs, with Texas cities topping the lists for best big, mid-size and small cities for jobs.
Forbes Magazine writes:
"...No place displayed more vibrancy than Texas. The Lone Star State dominated the three size categories, with the No. 1 mid-sized city, El Paso (No. 3 overall, up 22 places from last year) and No. 1 large metropolitan area, Austin (No. 6 overall), joining Killeen-Temple-Fort Hood (the No. 1 small city) atop their respective lists.
"Texas also produced three other of the top 10 smallest regions, including energy-dominated No. 4 Midland, which gained 41 places overall, and No. 10 Odessa, whose economy jumped a remarkable 57 places. It also added two other mid-size cities to its belt: No. 2 Corpus Christi and No. 4 McAllen-Edinburgh-Mission...."
Article via Forbes »
Wednesday, May 04, 2011
CEO Magazine Ranks Texas Best State for Business for Seventh Consecutive Year
Texas has been ranked the top state for job growth and business development for the seventh year in a row in a survey of CEOs by Chief Executive Magazine. The survey asked 550 CEOs to consider a wide range of criteria, from taxation and regulation to workforce quality and living environment, in the magazine's annual ranking of the best states for business.
"Texas' top ranking as the best state for business for seven years running by CEOs across the nation is a testament to our successful model for job creation and economic prosperity," Gov. Perry said. "I am proud of our state's accomplishments and remain committed to upholding principles like low taxes, restrained spending, reasonable regulations and a fair legal system, which have made Texas the best state in the nation to live, work, raise a family and start a business."
In the study, Texas received strong marks in all areas important for business creation, while highlighting the state's low tax burden and robust job creation compared to other states. Additionally, the study credited the state's predictable policies and regulations, positive attitude toward business and Texans' strong work ethic with helping the state hold the top ranking since 2005.
Article via CEO Magazine »
Tuesday, March 01, 2011
Texas Wins Site Selection Magazine’s 2010 Governor’s Cup
Texas has won Site Selection Magazine's Governor's Cup for 2010, which is awarded annually to the state with the most new and expanded corporate facilities announced over the year.
"The Lone Star State continues to lead the national economic recovery, adding more jobs than any other state in 2010 and attracting companies from around the world thanks to our low taxes, reasonable and predictable regulatory climate, fair legal system, competitive workforce and incentives like the Texas Enterprise Fund and Texas Emerging Technology Fund," Gov. Perry said. "Winning the Governor's Cup further confirms Texas is the best state in the nation to live, work and raise a family, and I'm committed to strengthening the economic environment that allows employers to thrive and create jobs for Texans."
Texas claimed 2010's top spot with 424 projects, a 50-project increase over its second-place finish last year. Ohio placed second this year with 376 projects, followed by Louisiana (347), Pennsylvania (337) and Georgia (251).
Article via Site Selection »
Wednesday, February 16, 2011
Texas Ranked Top Exporting State for 9th Consecutive Year
Texas has been ranked the top exporting state in 2010 for the ninth year in a row, according to data released by the U.S. Department of Commerce, signaling Texas' ongoing role in leading the nation toward economic recovery.
"Texas' ranking as the nation's top exporter for nine years running is a testament to our strong economy and the importance of upholding low taxes, reasonable regulations, a fair legal system and an equipped workforce," Gov. Perry said. "Although Texas has not been immune to the global recession, our commitment to these priorities has helped make us the best place to live, work and raise a family, and businesses looking to escape over-taxation and over-regulation know they can come to Texas for a better chance at success."
Texas continues to outperform the rest of the nation in job creation, maintaining an unemployment rate a point lower than the national average, creating more jobs in 2010 than any other state, and achieving a job growth rate in 2010 nearly double that of any other top ten state.
Article via Census.gov » and
via WiserTrade.org »
Tuesday, January 04, 2011
Texas Continues to be a Top State for Families who are Relocating
Everything's bigger in Texas – including its appeal as a destination for residents in 2010, according to Allied Van Lines' 43rd Annual Magnet States Report released today.
For the sixth year in a row, Texas eclipsed every other state and took the lead as the No. 1 magnet state in 2010 based on Allied's report, which tracks U.S. migration patterns.
"Today there are more Fortune 500 companies located in Texas than any other state in the union," said Bill Dircks, president of Berger Transfer & Storage, Inc. "With our branch locations in Austin, Dallas, Houston and San Antonio, we've serviced a large number of relocations into the state this past year. A healthy business climate, coupled with family-friendly cities, makes Texas a very attractive place to work and live."
Article via Brookings »