Texas’ Workforce Beats The Competition
Tuesday, June 01, 2021
Texas is among a handful of states that boasts a tax-friendly business climate. But our state has the edge on other states, even those that also have no state income tax: the Texas workforce is best and one of the fastest-growing in the nation.
In late April 2021, Chief Executive Magazine announced the results of its annual CEO survey. For the 17th year in a row, Texas is the No. 1 State to Do Business. Florida was No. 2 and remains one of Texas’ strongest competitors in attracting new projects. Texas’s skilled workforce is a significant factor in its track record of success, along with its tax policy and regulatory environment. Florida, like Texas, has no personal state income tax, which often makes it a destination for businesses and individuals looking to flee high-tax states like New York. But national census figures and labor and education data shows Texas has the edge when it comes to a skilled labor pool.
Texas has the nation’s second largest workforce, but it also has the nation’s second largest population, which — if you’ve been keeping up with the news — you know is continuing to grow at a rapid pace.