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WHY INVEST IN TEXAS?. TEXAS IN THE NEWS. WHY TEXAS?. WHY TEXAS?. TEXAS ECONOMY. INDUSTRIES. Advance Technology & Manufacturing Aerospace, Aviation & Defense Biotechnology & Life Sciences Energy Information & Computer Technology Petroleum Refining & Chemical Products.
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INDUSTRIES • Advance Technology & Manufacturing • Aerospace, Aviation & Defense • Biotechnology & Life Sciences • Energy • Information & Computer Technology • Petroleum Refining & Chemical Products
ADVANCE TECHNOLOGY & MANUFACTURING Nanotechnology Birthplace of nanotechnology Semiconductors Global leader of the semiconductor since the 1950s Automotive Manufacturing Top-ranked state for automotive employment and establishments
AEROSPACE, AVIATION & DEFENSE Civilian Aviation 27 Commercial Airports in 23 Major Cities Space NASA’s Lyndon B. Johnson Space Center in Houston Government Aviation & Defense • 15 active military bases • Home to almost 246,000 military personnel
BIOTECHNOLOGY & LIFE SCIENCES Biotechnology Industry Over 3,500 firms involved in biotechnology-related manufacturing, research or testing Pharmaceuticals #2 in clinical trials Biomedical Research Home to the world’s largest medical complex, the Texas Medical Center in Houston Environmental Tech & Biofuels #1 in U.S. for biodiesel production
ENERGY Oil & Gas Exploration & Production One of Texas’ most established industries Electric/Coal/Nuclear Power Generation Only state with its own power grid Renewable & Sustainable Energy Generation • Largest renewable energy resource potential in the U.S • #1 in wind-powered generation capacity • 153% increase in solar energy generation • #1 biodiesel production & producers in 2011
INFORMATION & COMPUTER TECHNOLOGY Computer Systems and Software Texas is home to headquarters of Dell and major campuses for computer giants Apple and HP Cloud Services & Data Centers #1 state for cloud services and data center jobs Online Services Major online companies include Google, Facebook, eBay, and Amazon.com Video & Online Game Development #2 in the U.S. for video game development jobs
PETROLEUM REFINING & CHEMICAL PRODUCTS Petroleum Refining Texas’ 27 refineries lead the nation in both crude oil production and refining. Texas has 27.5 percent of the nation’s total capacity. Chemicals Texas chemical manufacturers account for more than 50% of the total U.S. chemical production.
TEXAS INCENTIVES & FINANCING Texas Enterprise Fund The largest “deal closing” fund of its kind in the nation. Tax Incentives Texas and local communities offer a variety of tax incentives and innovative solutions. Grants Several types of grants are available for Texas communities and businesses Workforce Development Training programs provided through Texas Workforce Commission