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Florida, Texas rank as top destinations for relocating businesses

FOX Business, February 20, 2024

Florida, Texas rank as top destinations for relocating businesses

  • Here’s what happened: Between 2010 and 2019, over 25,000 businesses relocated to Texas from other states, adding more than 281,000 jobs—more than any other state—according to a report by the Federal Reserve Bank of Dallas.
  • We’re kind of a big deal: Texas recently won Site Selection Magazine’s Governor’s Cup for a record-breaking 12th year in a row. Elon Musk recently announced the move of both SpaceX and Tesla’s incorporation from Delaware to Texas, expanding the Lone Star State’s strong tech footprint. Catch-up quick
  • What’s new in Texas: Texas has long been known as a powerhouse for job creation thanks to our low taxes, smart regulations, fair legal system and strong workforce, but the September launch of Texas’ specialized business court takes our economic development efforts to the next level.
    • Having qualified expert judges serving on this specialized court will give Texas-based businesses a Texas-based venue to resolve their disputes, ensuring complicated and nuanced business cases are handled fairly, efficiently and consistently. Learn more in the TLR Advocate
  • TLR Thoughts: Texas didn’t become the world’s eighth largest economy by accident—it’s the result of decades of principled leadership focusing on strengthening our economic foundation so that families can thrive.
  • Read the full article here.