Why Texas Is Big on Business
Looking to start or expand your business? Look no further than Texas. In addition to a natural geographic advantage and first-class transportation network, the Lone Star State is known nationally as a state that means business when it comes to economic development…and Oncor is proud to partner with you to meet your location siting and infrastructure needs.
In addition to some of the lowest business tax burdens in the nation – and competitive energy costs – Texans enjoy a high quality of life and low cost of living, as one of only a few states with no personal income tax. (Your employees will appreciate that come April 15!)
But don’t just take our word for it.
Texas tops Business Facilities 2015 ranking report, Named Best Business Climate, Infrastructure and Exports Leader and has been ranked the“Top State for Business” by CEO Magazine for the past eleven years.
Texas was awarded Site Selection's Governor's Cup for being the state with the most new and expanded corporate facilities, with 689 qualifying projeccts in 2014.
Read what others are saying:
- Texas is the only state with its own power grid and is not subject to federal regulation over electrical transmission. – Texas Wide Open for Business
- Texas earned the 2015 Gold Shovel Award Recognizing Excellence in State Job Creation and Economic Development Efforts. – Texas Wide Open for Business