< Previous26 T E X A S E C O N O MI C DE V E L O P M E N T G U I DERio Grande CityEDC, TXRun of Pressbirthplace and languages spoken inside the city.Consider the roll call of evidence: • Texas was ranked in 2019 as the No. 1 State for Business for the 15th consecutive year by Chief Executive magazine.• Texas claimed the coveted Site Selection Governor’s Cup award — for having the most corporate expansion projects in the nation — for a record seventh straight year in 2019 and 8 of the last 10.• Texas claimed the No. 1 spot in CNBC’s annual Top States for Business ranking for 2018.• Texas received Area Development magazine’s 2018 Gold Shovel Award.• WalletHub named Texas the Best State to Start a Business for 2018.• Texas garnered five No. 1 rankings and 48 top 10 rankings in Business Facilities’ 2018 State Rankings Report.• Texas earned three No. 1 rankings on Area Development’s Top States for Doing Business Site Consultants 2018 Survey.• Texas remains the No. 1 job creation from foreign and domestic investment state, according to IBM’s 2018 Global Location Trends report.• U-Haul ranked Texas America’s No. 1 Growth State for 2018.• Texas led the country in commercial real estate development in 2017, according to NAIOP.• Four Texas cities ranked among MagnifyMoney’s Top 15 Biggest Boomtowns in the U.S. for 2018.• Dallas and Austin claimed the top two spots on Forbes’ Best Cities for Jobs list.• Texas is No. 1 for jobs created by veteran business owners, according to Military Times in 2019.• Texas is the No. 2 Fastest-Growing State with 421 companies on the 2018 Inc. 5000 list.• Texas is the No. 1 exporter in the nation, with $315 billion in 2018, according to BEA.• Texas’ economy would rank No. 10 in the world among all nations.• Texas leads the nation in high-tech exports, at $47.9 billion, and has done so for 6 straight years.• From 2015 through 2018, Texas created 893,800 jobs — most in the nation.• Texas ranks No. 1 in oil and gas production, per EIA.• Texas ranks No. 1 in wind-generation capacity, per EIA.• Texas has a workforce of 14 million people, second largest in the U.S.• Texas is home to 7 of the 15 fastest-growing large cities in America, per the Census Bureau.• Texas’ gross state product for 2018 was reported to be a record $1.78 trillion. From 2015 through 2018, Texas created 893,800 jobs – most in the nation.Ford Center Frisco StarNew Cowboys HQPhoto by Heather OvermanT E X A S E C O N O MI C DE V E L O P M E N T G U I DE 2728 T E X A S E C O N O MI C DE V E L O P M E N T G U I DECOMPANIES CITY INDUSTRY INVESTMENT US$M JOBSFormosa Plastics Point Comfort Plastics $5,000 340Cheniere Energy Corpus Christi Energy $3,000 430Lyondell Chemical Channelview Chemicals $2,400 160Covestro Baytown Chemicals $1,720 75Bayport Polymers LLC Port Arthur Energy $1,700 60Apple Austin Technology $1,000 5,000Bitmain Technologies Ltd. Rockdale Technology $500 400JSW Steel Baytown Manufacturing $250 500Interamerican Foods Cleburne Food Processing $50 100Sterling Lumber Company Lufkin Manufacturing $30 150PGA Frisco Trade Association $30 150Smith & Nephew, Inc. Fort Worth Medical Technology $29.1 100Airborne Tactical Advantage Company Fort Worth Aviation $25 200Thirty-One Gifts Flower Mound Consumer Products $17.5 678L-3 Technologies Arlington Technology $16 500Eaton Corporation El Paso Manufacturing $15.7 200Infosys Richardson Technology $12.3 500Resideo Austin Technology $7 100CORE West, Inc. Frisco Manufacturing $4 97Okin Business Process Services San Antonio IT $2 1,400ST A T IST I C A L P R O F I LEState of the StateTop 20 Projects of 2018Top Project SectorsTop Project TypesType ProjectsOffice 284Distribution Warehouse 212Manufacturing 166Headquarters 26Data Center 16Research and Development 12Call Center 3Sector ProjectsMachinery, Equip. & Const. 125Business & Financial Services 85Transport & Logistics 59Food & Beverage 55Energy 53IT & Comm. 49Chemicals & Plastics 43Consumer Products 33Electronics 28Other 108Source: Conway AnalyticsT E X A S E C O N O MI C DE V E L O P M E N T G U I DE 29Texas Is the 10th largest economy among the nations of the world.The Lone Star State is home to 48Fortune 500 companiesTexas has been the nation’s top exporting state for 17 years in a row with exports valued at For the 6th consecutive year, Texas leads the nation in high-tech exports, totaling $315 B$47.9 Bsurpassing California by more than 6%.Maricopa County, AZClark County, NVHarris County, TX Collin County, TX Riverside County, CAKing County, WAOrange County, FLTarrant County, TXBexar County, TX Hillsborough County, FLDenton County, TXPolk County, FLFort Bend County, TXTravis County, TXWilliamson County, TX 81,244 48,337 34,460 33,753 33,534 28,934 27,712 27,463 27,208 26,773 23,734 22,17 21,722 20,97220,771Texas Leads in Population Gain (July 1, 2017 to July 1, 2018)Source: U.S. Department of CommerceEl PasoHoustonCorpus ChristiTampicoCiudad VictoriaSan Luis PotosiManufacturing PlantTier 1 OEM SupplierTorreonMonclavaDel RioAustinMonterreySan AntonioDenisonFt. WorthDallasSaltilloTEXAS-MEXICO AUTOMOTIVE CORRIDORSector Employees Firms Avg. Annual WageMotor Vehicle 11,457 27 $94,276Manufacturing Motor Vehicle Body & 8,672 195 $44,252Trailer Manufacturing Motor Vehicle Parts 20,479 310 $52,468ManufacturingTOTAL 40,608 532 $62,509AUTOMOTIVE MANUFACTURING EMPLOYMENTFrom 2014-2017, Texas ranked 2nd among states exporting and importing Motor Vehicle Parts.AEROSPACE & AVIATION-RELATED DEGREESAll Texas Public Institutions, All Degree Levels, 2008-2017LIFE SCIENCESEngineering 54,051Physics 4,424Aerospace/Aeronautical Engineering 3,097Aircraft Maintenance & Technology 4,048Air Traffic Controller 220Professional & Flight Crew 589TOTAL 66,429Texas is home to 15 active military installations and more than 224,065 personnel, which have a$101.6 billion impact on the state economy.Home to more than 5,000 life science and research firms, and approximately 100,000 workers in related fields.32 T E X A S E C O N O MI C DE V E L O P M E N T G U I DEENERGYTotal EnergyNatural GasCrude OilBiodieselWindSolarKey Texas Energy U.S. State RankingsHouston is home to569 8% of the nation’s total.petrochemicalcompanies,T E X A S E C O N O MI C DE V E L O P M E N T G U I DE 33NATIONAL INVESTMENTTexas vs. The U.S.Texas vs. Its NeighborhoodU.S. AverageTexasTexas beats the national average in its portion of jobs supported by international investment.FDI Jobs as a % of Total EmploymentFDI Jobs as a % of Total Employment6.5%6.0%5.5%5.0%4.5%2011 2012 2013 2014 2015 20162.8%5.8%4.6%4%4.1%Source: Figures based on the Bureau of Economic Analysis (BEA), Survey of Current Business34 T E X A S E C O N O MI C DE V E L O P M E N T G U I DEG RO W T H D R IV E R Shen Meridian Energy Group joined forces with Winkler Companies on Feb. 11 to announce plans to pursue a $1-billion refinery project in the Permian Basin north of Kermit, Texas, it only reinforced what many site selectors already knew about the Lone Star State: economic growth in Texas right now is white hot and getting hotter.How else to explain the fact that Texas has won the coveted Site Selection Governor’s Cup award — for most corporate facility expansion projects in the nation — a record seven years in a row and eight of the past 10? In fact, dig a little deeper and the dominance of Texas becomes even more staggering.Since 2008, Texas has led the nation with a total of 6,415 corporate real estate projects that meet the criteria for inclusion in the Conway Projects Database, the tracking tool upon which Governor’s Cup is based. To be included in the count, a project must represent $1 million or greater in capital investment, create 20 new jobs or more, or result in 20,000 square feet or more of new space.Over that same time period, Ohio ranks second with a total of 5,264 projects. That means Texas has produced 22 percent more projects than Ohio since 2008. Ohio, coincidentally, has finished second to Texas every year since 2012. It’s also worth noting that Texas’ lead over Ohio has averaged 149 projects per year each year since 2012.by RON STARNERWAn Energized Economy Keeps Humming AlongGov. Greg Abbott receives Site Selection’s Governor’s Cup — Texas’ seventh consecutive win — from Editor in Chief Mark Arend.Photo courtesy of Kristin PickettNext >