5 Reasons Why People and Businesses Are Moving To Texas
by Mashum Mollah Business Planning & Opportunities 16 August 2019
Are you wondering why there’s a flock in Texas lately? People can’t just decide to move to a place for nothing. And of course, you can be sure they are not visiting. They are here to stay!
As you know, the reason why a company can move to an outside area is purely for financial gain. Also, people will flock in a place to get money. So the question remains, how are they profiting from moving to Texas? You’re not the only one wondering about the movement. Many people are also questioning.
Reasons Why People and Businesses are Moving to Texas:
1. A mighty wind:
You may be wondering what mighty wind has to do with the flock. In most states, power consumption is the most significant expense businesses put up. Texas is known for the production of electricity and natural gas. In recent years, Texas has led in the creation of wind energy. This renewable energy is cheap. Businesses move to Texas to operate here and enjoy cheap power supply. Competition has become very stiff. As a result, companies need IT professionals to have a larger market share. That’s why there are so many ads for tech jobs in Texas. You can apply if you have an IT degree.
2. Employment opportunities:
With the increase in both local and foreign companies, come many job opportunities. If you’re an IT professional, tech jobs in Texas are more than you can satisfy. You’ll be spoiled for choices because many companies are waiting to hire you. However, due to high competition, they hire only those with degrees.
3. Excellent roads:
The county government in Texas has heavily invested on roads. The commuters can get in and out of their working places on time, and businesses have a smooth flow of operation.
Texas also produces oil; thus, fuel is quite cheap. Texas transportation system is among the best in the United States, and the gas tax is reasonably charged. Some of the taxes are used to improve public education.
Lastly, Texas has around 1,415 airports. With so many airlines and roads, companies can take products to other parts of the country at a lower price.
4. No income tax:
You may not believe it, but it’s true! The Texas government does not charge income tax. Also, it doesn’t force a corporate income tax. Occasionally, the government approves tax cuts for homeowners and businesses. It means that the standard of living in Texas is quite low. Also, the cost of running a business is meager. That’s why companies and people flock in Texas.
5. Low taxes:
Texas charges low taxes. It’s the number one reason why most people want to live in this city. Due to the low fees, the cost of living in Texas is cheap.
With this information, you now know why many people are flocking in Texas. Also, it’s clear why most international corporations won’t rest until they have a branch in Texas.