We know Texas is an economic powerhouse. Our state has led the nation in job creation for much of the last two decades. And at Texas 2036, we are committed to raising and highlighting the priorities that will help maintain our economic strength as we continue to grow.
We have compiled vast amounts of data to show where we are and where we are going. We have produced a Strategic Framework to articulate goals and benchmarks for continued success. But part of our challenge is also to look at similar states and see how we compare on the very metrics that we believe hold the keys to continued success in the future. We need to make some of the same comparisons that people and businesses around the world make when looking where to invest or live.
Texas and California are often compared. But we have many other competitors for business and talent that are of similar size to Texas, so we assembled a list of 11 large, similar states.
To evaluate the business climate of each state, we looked at overall economic growth; the number of businesses (including Fortune 500 headquarters), Inc. Magazine’s 5000 fastest-growing companies, new small businesses, and venture capital investments; and rankings on national indices assessing how attractive states are to businesses.