The anti-business ways of California and other states are helping the economy in Texas. According to Texas Public Policy's Chief Economist Dr. Vance Ginn - it's no mystery why. "Having a low cost of doing business along with a good tax system, along with an educated work force --- there's more and more incentive for corporate giants to move their businesses to Texas!" He says 54 Fortune 500 companies are now headquartered in the state, including both Hewlett Packard, Inc. and Hewlett Packard Enterprise - which actually created the 'Silicone Valley in California - are now located in Houston. Of course, along with and 44 oil and gas companies not all of which are n the top 500.. You may be surprised to hear what else the TPPF also discovered. "What we're also finding is that people who are moving to our state area saying, 'I don't want my politics in Texas want to look or sound like the ones in the state I just left!" Ginn says these transported businesses certainly improve our already robust economy.
"A big one here recently is that Caterpillar is moving to Irving from Chicago! That makes more than 10% of the Fortune 500 companies will be based here in Texas!" Dr. Ginn says our wealth of highly talented workers, no state income tax and policies that make it easy to do business in Texas make their losses out gains. "The affect of these big businesses moving to Texas means we'll have a much more robust economy!" Dr. Ginn reiterates: "Unless these other states change their ways - things won't be changing any time soon."