Why Texas is good for small business

Moving to the U.S.
Written By Habiba Abdou

Where your business is located matters a great deal because local rules and regulations are often more important and more difficult to deal with for a small business, than the national ones. This is why many businesses are moving to Texas.

It’s a state that institutes a set of pro-business polices and companies both large and small have noticed that. Here’s a list of reasons why you should consider Texas as the location for your next business venture regardless of what industry you’re working in.

Employees

Employees are the most important asset of your business regardless of what it is. Texas has plenty of talent for you to choose from. It has a young and diverse population and it will meet the needs of your company on almost every position you need to fill.

At the same time, the population is educated and has plenty of experience with being responsible and running small companies, since that’s where the background of most Texans is. People are also moving to Texas at a record numbers and this will provide your business with more assets in this regard.

Tax benefits

The most common way in which the government can help a business is to provide tax reliefs and tax breaks. That’s what Texas does and that’s what has placed it as the top pro-business state for the past 10 years. It’s a simple but effective policy that allows businesses to keep their money and invest it.

There’s no corporate income tax or individual income tax in Texas and there are only a few other countries that allow for the businesses to keep that much of their own income. Delaware and Nevada are usually trailing close behind.

Pro innovation

Texas is oriented towards helping innovative and ground breaking businesses. It’s a home to one of the largest tech conferences in the country – South by Southwest. The state also has a background in tech education and tech innovation and that’s why some of the best cutting edge businesses are coming to Huston and Austin in particular.

These are some of the industries thriving in Texas:

-Advanced tech and manufacturing
-Aerospace, aviation and defense
-Biotechnology and life sciences
-Energy Information and computer tech
-Petroleum refining

Those are the industries that are doing something more than just making a profit, they are changing the world with every product they make.

Small businesses

Most states are doing something to help the large and innovative tech companies. However, that’s not where most of the economic activity in the country is. Instead, it’s in the small and family run businesses. Texas is helping these businesses as well and that’s what makes the business climate so booming.

These businesses are helped by the tax policy as well, but even more so by the easy and understanding regulation policies. It’s these that usually hinter small businesses and make it slower at the uptake. This isn’t the case in Texas.

Rent and real estate

This is something that’s often overlooked when it comes to starting and running a business, but it’s essential for it. You need a place to live and you need real-estate to run and organize the business itself. All of that is available in Texas and relatively inexpensively.

The best comparison to make is with California which is the largest economy in the country and one that competes for the same type of businesses and industries. What it’s lacking however, is a real estate policy similar to that of Texas because it’s becoming too expensive to own a home in California.

A Texas spirit

In the end, there’s no one point that’s a bit more difficult to quantify and that’s rather important when it comes to running a business on day to day business. That’s the spirit and the overall outlook of Texans which is like no other in the country.

It’s a friendly state with easy going people that you can rally on. There’s also just enough of weird out there to keep Texans interesting and fun to get to know. It’s welcoming to everyone regardless of where you coming from, which is also an essential feature in a modern business world.

Conclusion

Texas is probably one of the best states in the country to start a business in. It’s been voted as such more than a few times and for years now. This is a mixture of the culture of the state and its public policy.

There’s less taxes than in other state and there’s also much less regulations to deal with. That’s something that helps both large and small businesses in different way. The cost of real estate is still rather low which helps a lot as well.  In the end, it’s the people and their friendly ways that Texas offers to its businesses.

 
Habiba Abdou
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