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Why do you think are some reasons that businesses are drawn to, and develop in, Texas?

User Rojin
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Hello there!

This is hard to go about but here’s what I got.

First off, Texas is a large state, this is important because the larger the state, the cheaper the land. If a business wants to develop they must buy and create, or buy property. Generally a larger state will have cheaper property due to the fact that there is way more property to go around. A second reason is the taxing. Texas taxes business at 1%. You might say, “wow that’s a lot, 1% of all the income!” But realistically it’s nothing compared to some states. California for example charges a tax rate of almost 9%! That’s 9 times the amount in Texas. Ultimately Texas is a good option because you have cheap land, and extremely low tax rates for business. Hopefully this help. Good luck!

User LGenzelis
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