Under the leadership of Republican Governor Greg Abbott, Texas is running circles around Democratic led states with Wednesday’s announcement of another major business moving to the Lone Star State. Texas is listed as number one in the annual 2017 “Best State For Business” ranking of states.
Following Texas is Florida, North Carolina, South Carolina, Indiana and Nevada. All are led by Republican governors except for North Carolina, which has a GOP congressional majority.
The bottom of the list includes California, coming in 50th place, followed by New York, Illinois, New Jersey, Connecticut, Massachusetts, Oregon, Hawaii, Rhode Island, Maryland, Vermont, and Washington.
“As we enter a 21st century economy, it is of paramount importance that Texas increases its competitive advantage by working with innovative companies…” –Texas Gov. Gregg Abbott
California, Oregon, Connecticut, Hawaii and Rhode Island have Democratic trifecta (Governor, Senate and House) run governments. Democratic Governors lead New York and Washington. Democratic majorities in state congresses are in Illinois, Massachusetts, and most of those listed.
Hudson Products Holdings Inc. is relocating its Tulsa-based manufacturing operation to the company’s headquarters outside of Rosenberg, Texas. Hudson Products is a leading manufacturer of air-cooled heat exchangers and axil flow fans. The relocation is expected to create 150 jobs with a capital investment of more than $6,000,000. A Texas Enterprise Fund (TEF) grant offer of $1,020,000 has been extended to Hudson Products.
In an annual survey of hundreds of CEOs from across the United States conducted by Chief Executive, Texas has again been named the “Best State For Business” for 2017. This is the 13th year in row that Texas has been ranked number one, with the rankings highlighting Texas as an exporting powerhouse, shipping over $232 billion in goods in 2016. The rankings also note that Texas is home to the second largest state airport system in the country, as well as 11 deep-water ports and 10,425 miles of freight rail, more than any state.
“For the 13th straight year, Texas proudly assumes the mantle of being recognized as the best state for business by America’s CEOs,” said Governor Abbott. “Companies in Texas, around the country, and across the world are relocating and expanding in the Lone Star State at a rapid clip due to our business-friendly policies.”
Recent Major Businesses Welcomed to Texas
Abbott joined President Donald J. Trump and Charter Communications Chair and CEO Tom Rutledge at the White House in March to announce Charter’s commitment to bring thousands of jobs back to America from overseas. As part of the announcement, Charter will open a new Spanish-language call center in McAllen, TX, a $17 million investment that will eventually employ more than 600 Texans. Combined with a recently opened call center in San Antonio, the two locations will support more than 800 Texas-based jobs when fully staffed.
Just two weeks ago, Gov. Abbott announced that Ryder Integrated Logistics, Inc. will be expanding its facilities in Fort Worth. Ryder is a Fortune 500 transportation and supply chain management company that services more than 50,000 manufacturers and retailers nationwide. This expansion in Fort Worth will create more than 200 jobs and more than $5.2 million in capital investment. A TEF grant offer of $1,050,000 has been extended to Ryder.
“Texas has shown the business world that our state is the place where innovation and ingenuity thrive.” — Gov. Greg Abbott.
ExxonMobil Chemical Company and SABIC US Projects LLC are partnering to build a manufacturing center in San Patricio County for the production of components used to manufacture polyester, anti-freeze, plastic bottles and food packaging products for emerging global markets.
A TEF offer of $1.35 million has been extended to SABIC and a TEF offer of $5 million has been extended to ExxonMobil. The project is expected to create over 600 direct jobs and as many as 3,500 indirect jobs. This project will have the largest capital investment of any TEF awardee during Governor Abbott’s tenure and is expected to generate $22 billion in economic output during the construction phase and more than $50 billion in economic output during the first six years of operations.
Hulu, LLC will open a new viewer experience operations headquarters in San Antonio. The new operations headquarters will process technology and service requests for Hulu subscriptions from millions of customers across the United States. The San Antonio headquarters is expected to add hundreds of new jobs to the area with millions in capital investment. A TEF grant offer of $1,284,000 has been extended to Hulu.
In April, the Governor attended the grand opening of the new McKesson Corporation campus in Irving, Texas. The new McKesson campus will create nearly 1,000 new jobs and $157 million in capital investment. McKesson is the largest pharmaceutical distributor in the United States and the company currently sits at number five on the Fortune 500 list.
He also attended the ribbon cutting ceremony for Kubota Tractor Corporation North American headquarters who is relocating from Torrance, California to Grapevine, Texas. The new facility is expected to create more than 340 new jobs and generate $51 million in capital investment.
Abbott welcomed the new Boeing Global Services (BGS) headquarters to Texas. Boeing already employs more than 4,000 employees in the state and has major sites in Houston, San Antonio and the Dallas/Fort Worth area. The BGS site will be located in Legacy West in the Plano area and will house BGS leadership as well as support staff and will serve as the central hub for 20,000 employees around the world.
In March, Abbott gave the opening remarks at the new Charles Schwab North Austin Campus. During his visit the Governor took part in a topping out ceremony where the last beam of the new 500,000 square foot facility was signed and put into place. The new campus has already generated 600 new jobs, and is expected to create over 200 more.
On March 10, 2018 Governor Abbott met with Canadian Prime Minister Justin Trudeau in Houston to discuss energy, trade relations and commercial ties between Texas and Canada.