Global Impact of Economic Development in Texas

This report is generted and validated as of February 17th, 2020.

Texas is among the 10 largest economy country in the world. It means if Texas was a country by itself, it would have been the 10^th largest country as far as economy.

About 1000 new Texans per day. Great opportunities for REALTORS® because they all need a place to live and Offices to work.

Why are People coming to Texas?

·         Opportunity and Talent

·         Texas is the number 1 exporting high tech goods in the nation, greater than California

·         Texas is the number 1 as far as Growth in the nation, greater than California and Florida

·         Dallas is the number 1 as far as Growth in Texas

·         95% of jobs in Texas are from/for small businesses

·         Texas economy is decentralized, each local area has its own economic developer. As a REALTOR®, connect with communities, build relationship with them, because they need to know what is available (e.g., properties, etc.)

·         DFW is expected to lead in supply in 2020-2021

·         About 360+ “Opportunity Zones” provide Tax incentives for small businesses in some areas of Texas. Contact EDC (Economic Development Corporation) for a list of these opportunities zones.

·         International Businesses can get Texas Business license in 24 hours.

·         Contact “State of Texas Mexico Office” for investment opportunities in Mexico.

Why are People staying in Texas?

·         Low Tax rate

·         No State income Tax

·         Nice legal system

·         Have a lot of Space

·         Businesses get a lot of incentives

Challenges

·         Get the workforce up to speed with technical expertise

·         Water

·         Housing is a challenge in some areas, but it seems Developers are meeting the demands in many other areas.

More Information:

To Get More Information, please see following:

•       http://www.texasfivestarrealty.com/MyBlogs.asp

•       www.TexasFiveStarRealty.com/Global Impact of Economic Development in Texas.asp

•       BahmanDavani@gmail.com

  Contact Bahman Davani at: http://www.texasfivestarrealty.com/Contactus.asp